Apartment Investment and Management Co (NYSE:AIV) recently released cash dividends of $0.3 per share, to shareholders who had bought the stock prior to August 12, 2015. The company has been making significant progress in terms of its financial situation. In its last financial filing, for the quarter ended, June 30, 2015, the company reported a 15.38% increase in its dividend. Consequently, the stock has received an update from analysts, who expect AIV to post earnings of $0.56 for the current quarter.
The recent update from analysts places an average price target of $41.722 on AIV shares, with a general consensus rating of 2.1. AIV is a part of the consumer service sector and is expected to report EPS of $2.28 at the end of the year. However, while the industry is experiencing an average growth rate of 10%, AIV still stands at just 6.28%. Currently, the company’s market cap stands at $5.63 billion, with just 156.3 million shares outstanding. Since the start of the year, the stock has lost 0.86% of its share value, but the last few sessions saw it rise by 3.3%. Additionally, the company owns a total of 265 properties, comprising of 67,977 apartments, as of December 31, 2012.
The insider and institutional ownership of the company has also seen significant change, in the past few weeks. Most recently, the company CEO, Terry Considine sold a total of 135,000 shares at a share price of $39.7. He was closely followed by the company Executive VP, Cohn Lisa R, who sold 10,000 of his AIV shares, at an average of $40.29. This brought the insider ownership of AIV to a mere 0.5%. Additionally, the decline in inside ownership, over the past 6-months, came to 26.09%. However, the interest of institutional investors in the stock has seen a rise of 2.54%.
Apartment Investment and Management Co (NYSE:AIV) suffered a loss of 0.43% to its share value, after trading 3.24 million shares during the September 15 session to close at a share price of $35.85.
