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Apartment Investment & Mgmt (NYSE:AIV) has been downgraded from Buy to Neutral in a report by BofA Merrill today.

BofA Merrill has downgraded Apartment Investment & Mgmt (NYSE:AIV) from Buy to Neutral in a report released on Friday June 16, 2017.

Previously on 5/26/2017, BMO Capital Markets reported on Apartment Investment & Mgmt (NYSE:AIV) increased the target price from $0.00 to $42.00. At the time, this indicated a possible downside of -0.03%.

Yesterday Apartment Investment & Mgmt (NYSE:AIV) traded -0.31% lower at $44.44. The company’s 50-day moving average is $45.62 and its 200-day moving average is $44.29. The last closing price is up 1.04% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 400,312 shares of the stock traded hands, down from an average trading volume of 1,104,590

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Apartment Investment & Mgmt (NYSE:AIV)

Apartment Investment & Mgmt has a 52 week low of $39.66 and a 52 week high of $47.91 with a PE ratio of 35.24 Apartment Investment & Mgmt’s market capitalization is presently $0.

A total of 15 analysts have released a report on Apartment Investment & Mgmt. Five analysts rating the company a strong buy, five analysts rating the company a buy, eight analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $43.93.

General Company Details For Apartment Investment & Mgmt (NYSE:AIV)

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc. and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It operates through two segments: conventional real estate and affordable real estate. As of December 31, 2016, its real estate portfolio consisted of 189 apartment communities with 46,311 apartment homes. Aimco Operating Partnership conducts the Company's business, which is focused on the ownership, management, redevelopment and limited development of apartment communities located in the coastal and job growth markets of the United States. Its Conventional segment consists of apartment communities it classifies as Conventional Same Store and Conventional Non-Same Store. Its affordable portfolio consists primarily of apartment communities that it manages that are owned through low-income housing tax credit partnerships.

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