J.P. Morgan Reiterates a Hold Rating on Apartment Inv. & Mgmt.

By Austin Angelo

In a report issued on November 11, Anthony Paolone from J.P. Morgan reiterated a Hold rating on Apartment Inv. & Mgmt. (NYSE: AIV), with a price target of $45. The company’s shares closed yesterday at $41.03.

According to TipRanks.com, Paolone is a 5-star analyst with an average return of 8.8% and a 67.8% success rate. Paolone covers the Financial sector, focusing on stocks such as Jones Lang Lasalle Inc., Office Properties Trust, and Mack-Cali Realty Corp.

Currently, the analyst consensus on Apartment Inv. & Mgmt. is Moderate Buy and the average price target is $46.25, representing a 12.7% upside.

In a report issued on October 31, Canaccord Genuity also reiterated a Hold rating on the stock with a $46 price target.

The company has a one year high of $47.91 and a one year low of $34.97. Currently, Apartment Inv. & Mgmt. has an average volume of 1.44M.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2016, Paul Beldin, the EVP – CFO of AIV sold 4,218 shares for a total of $192,636.

Apartment Investment & Management Co. is a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. It operates through the Conventional Real Estate Operations and Affordable Real Estate Operations segments. The Conventional Real Estate Operations segment is engaged in diversified portfolio of market rate apartment communities, store properties, redevelopment properties and other properties. The Affordable Real Estate Operations segment is engaged in portfolio of properties with rents that are generally paid in whole or in part, by a government agency. The company was founded by Terry Considine in 1975 and is headquartered in Denver, CO.