Apartment Investment and Management Company [NYSE: AIV] traded at a low on 12/14/20, posting a -0.59 loss after which it closed the day’ session at $40.34. The company report on December 12, 2020 that Tesla Set to Join S&P 500 & 100; Apartment Income REIT to Join S&P MidCap 400.
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P 100 and S&P MidCap 400 effective prior to the open of trading on Monday, December 21:.
As previously announced on November 16, Tesla Inc. (NASD:TSLA) will be added to the S&P 500. Tesla will replace Apartment Investment and Management Co. (NYSE:AIV). Tesla will also be added to the S&P 100, replacing Occidental Petroleum Corp. (NYSE:OXY). Occidental Petroleum will remain in the S&P 500. Apartment Income REIT Corp. (NYSE:AIRC) will replace Dunkin’ Brands Group Inc. (NASD:DNKN) in the S&P MidCap 400. Apartment Investment and Management is spinning off Apartment Income REIT in a transaction expected to be completed post close on Monday, December 14. Post spin-off, Apartment Investment and Management will no longer be representative of the S&P Composite 1500 indices market cap ranges. Inspire Brands Inc. is acquiring Dunkin’ Brands Group in a tender offer expected to expire on or about Tuesday, December 15.
The results of the trading session contributed to over 3990463 shares changing hands. Over the past one week, the price volatility of Apartment Investment and Management Company stands at 2.46% while the volatility over the past one month is 3.33%.
The market cap for AIV stock reached $6.03 billion, with 147.53 million shares outstanding and 119.08 million shares in the current float. Compared to the average trading volume of 1.77M shares, AIV reached a trading volume of 3990463 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Apartment Investment and Management Company [AIV]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AIV shares is $41.04 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AIV stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Scotiabank have made an estimate for Apartment Investment and Management Company shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on December 04, 2020. While these analysts kept the previous recommendation, Citigroup dropped their target price from $40 to $33. The new note on the price target was released on September 18, 2020, representing the official price target for Apartment Investment and Management Company stock. On September 09, 2020, analysts decreased their price target for AIV shares from 48 to 41.
The Average True Range (ATR) for Apartment Investment and Management Company is set at 1.50, with the Price to Sales ratio for AIV stock in the period of the last 12 months amounting to 6.79. The Price to Book ratio for the last quarter was 2.81, with the Price to Cash per share for the same quarter was set at 1.53. Price to Free Cash Flow for AIV in the course of the last twelve months was 57.86.
How has AIV stock performed recently?
Apartment Investment and Management Company [AIV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.25. With this latest performance, AIV shares gained by 9.18% in over the last four-week period, additionally sinking by -0.42% over the last 6 months – not to mention a drop of -21.13% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AIV stock in for the last two-week period is set at 57.24, with the RSI for the last a single of trading hit 68.86, and the three-weeks RSI is set at 64.01 for Apartment Investment and Management Company [AIV]. The present Moving Average for the last 50 days of trading for this stock 33.93, while it was recorded at 40.82 for the last single week of trading, and 36.28 for the last 200 days.
Apartment Investment and Management Company [AIV]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Apartment Investment and Management Company [AIV] shares currently have an operating margin of -1.32 and a Gross Margin at +24.38. Apartment Investment and Management Company’s Net Margin is presently recorded at +51.79.
Return on Total Capital for AIV is now -0.19, given the latest momentum, and Return on Invested Capital for the company is 8.04. Return on Equity for this stock inclined to 27.21, with Return on Assets sitting at 7.27. When it comes to the capital structure of this company, Apartment Investment and Management Company [AIV] has a Total Debt to Total Equity ratio set at 256.25. Additionally, AIV Total Debt to Total Capital is recorded at 71.93, with Total Debt to Total Assets ending up at 66.82. Long-Term Debt to Equity for the company is recorded at 246.35, with the Long-Term Debt to Total Capital now at 69.15.
Reflecting on the efficiency of the workforce at the company, Apartment Investment and Management Company [AIV] managed to generate an average of $498,399 per employee. Receivables Turnover for the company is 15.51 with a Total Asset Turnover recorded at a value of 0.14.
Earnings analysis for Apartment Investment and Management Company [AIV]
With the latest financial reports released by the company, Apartment Investment and Management Company posted 0.91/share EPS, while the average EPS was predicted by analysts to be reported at 0.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 405.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AIV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Apartment Investment and Management Company go to 7.10%.
Insider trade positions for Apartment Investment and Management Company [AIV]
There are presently around $4,874 million, or 98.80% of AIV stock, in the hands of institutional investors. The top three institutional holders of AIV stocks are: VANGUARD GROUP INC with ownership of 18,540,868, which is approximately -3.542% of the company’s market cap and around 0.73% of the total institutional ownership; COHEN & STEERS, INC., holding 11,748,963 shares of the stock with an approximate value of $473.95 million in AIV stocks shares; and BLACKROCK INC., currently with $410.39 million in AIV stock with ownership of nearly 1.614% of the company’s market capitalization.
Positions in Apartment Investment and Management Company stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 137 institutional holders increased their position in Apartment Investment and Management Company [NYSE:AIV] by around 15,837,661 shares. Additionally, 175 investors decreased positions by around 15,883,938 shares, while 56 investors held positions by with 89,101,044 shares. The mentioned changes placed institutional holdings at 120,822,643 shares, according to the latest SEC report filing. AIV stock had 33 new institutional investments in for a total of 2,974,144 shares, while 51 institutional investors sold positions of 2,658,402 shares during the same period.