Apartment Investment & Management Receives a Sell from BMO Capital

By Ryan Adsit

BMO Capital analyst John Kim reiterated a Sell rating on Apartment Investment & Management (NYSE: AIV) today and set a price target of $42. The company’s shares opened today at $43.49.

According to TipRanks.com, Kim is a 3-star analyst with an average return of 3.0% and a 52.1% success rate. Kim covers the Financial sector, focusing on stocks such as Forest City Realty Trust, Inc., Retail Opportunity Investments, and General Growth Properties Inc.

Apartment Investment & Management has an analyst consensus of Hold, with a price target consensus of $45.67.

Apartment Investment & Management’s market cap is currently $6.79B and has a P/E ratio of 359.98. The company has a book value ratio of 4.3466.

Based on the recent corporate insider activity of 35 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.

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. 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.