Goldman Sachs Resumes Apartment Investment Management (AIV) at Neutral, A Long Way to Go

September 18, 2012 7:55 AM EDT Send to a Friend
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Price: $37.40 -0.77%

Rating Summary:
    8 Buy, 12 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 23 | New: 27
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Goldman Sachs resumes coverage on Apartment Investment Management (NYSE: AIV) with a Neutral. PT $27.00.

The firm comments, "AIMCO has come a long way in terms of turning itself into a standard apartment REIT in terms of leverage and asset quality relative to historical levels. However, our forward model builds in two additional steps making AIV comparable to apartment REITs that add headwinds to estimates: our forward estimates assume all affordable properties are disposed of by 2017, and we exclude any tax credit earnings from AFFO."

For an analyst ratings summary and ratings history on Apartment Investment Management click here. For more ratings news on Apartment Investment Management click here.

Shares of Apartment Investment Management closed at $27.44 yesterday.

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