Apartment Investment & Management Gets a Buy Rating from Barclays

By Ryan Adsit

In a report released yesterday, Ross L Smotrich from Barclays maintained a Buy rating on Apartment Investment & Management (NYSE: AIV), with a price target of $48. The company’s shares closed yesterday at $40.04.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 8.7% and a 65.9% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Kkr Real Estate ate Finance Trust Inc, and General Growth Properties Inc.

Currently, the analyst consensus on Apartment Investment & Management is Moderate Buy and the average price target is $44.50, representing an 11.1% upside.

In a report issued on March 2, SunTrust Robinson also reiterated a Buy rating on the stock with a $44 price target.

Based on Apartment Investment & Management’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $255 million and GAAP net loss of $34.43 million. In comparison, last year the company earned revenue of $249 million and had a net profit of $7.59 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.