Barclays Sticks to Its Buy Rating for Apartment Investment & Management

By Ryan Adsit

In a report released today, Ross L Smotrich from Barclays reiterated a Buy rating on Apartment Investment & Management (NYSE: AIV), with a price target of $48. The company’s shares opened today at $42.78.

According to, Smotrich is a 5-star analyst with an average return of 8.3% and a 66.8% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, General Growth Properties Inc, and Hudson Pacific Properties.

Apartment Investment & Management has an analyst consensus of Moderate Buy, with a price target consensus of $47.50.

The company has a one year high of $47.91 and a one year low of $39.14. Currently, Apartment Investment & Management has an average volume of 1.28M.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Kathleen Nelson, a Director at AIV sold 1,220 shares for a total of $53,168.

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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 two segments: Conventional Real Estate Operations and Affordable Real Estate Operations. 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.