The EVP of Apartment Investment & Management (NYSE: AIV) is Selling Shares

By Carrie Williams

Today, the EVP of Apartment Investment & Management (NYSE: AIV), John Bezzant, sold shares of AIV for $313.5K.

In addition to John Bezzant, 3 other AIV executives reported Sell trades in the last month.

Based on Apartment Investment & Management’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $249 million and quarterly net profit of $7.59 million. In comparison, last year the company earned revenue of $246 million and had a net profit of $19.79 million. The company has a one year high of $47.91 and a one year low of $39.14. AIV’s market cap is $6.97B and the company has a P/E ratio of 289.11.

Three different firms, including Barclays and BMO Capital, currently also have a Sell rating on the stock. Based on 3 analyst ratings, the analyst consensus is Hold with an average price target of $46, reflecting a -3.6% downside.

In the last 30 days, insiders have sold $780.6K worth of AIV shares and purchased $165.2K worth of AIV shares. The insider sentiment on Apartment Investment & Management has been neutral according to 40 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.

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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 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.