Benchmark Starts Apartment Investment & Management (AIV) at Hold
More News related to AIV
- Keefe, Bruyette & Woods initiates coverage on Apartment REITs: AEC, AIV, CPT, EQR, ESS, HME, PPS and UDR
- Apartment Investment and Management Co. (AIV) Declares $0.10 Quarterly Dividend; 3% Yield
- Apartment Investment & Management (AIV) Posts Q3 FFO of $0.41, Beats by 3c; Narrows Guidance
- Apartment Investment and Management Company Declares Quarterly Dividend on Class A Common Stock
- Trading Radar for 10/30: Sony (SNE), Penske (PAG), Alcatel-Lucent (ALU) Report
Benchmark Company initiates coverage on Apartment Investment & Management Co. (NYSE: AIV) with a Hold rating, saying valuaiton appears about right with the stock trading at a 12% discount to forward NAV.
Investment positives include: no ground-up development, significant stock repurchaseS
Investment negatives include: below-average portfolio quality, with about one-third in markets that are either non-supply constrained or experiencing job losses, above average amount of risk from fee income including transaction-based revenues and tax credit equity syndication fees.
Related Categories
New CoverageStocks Mentioned
-0.44Related Entities
Comments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
Lincoln Place Apts.
H J Moreau on Aug 30, 2008 09:48 AMMulti million $ complex (34 ACRES) in Venice, CA.sitting idle for past 2 years account bad decision by AIMCO,also court decision against AIV illegally evicting tenants.