UPDATE - UBS Upgraded Apartment Investment Management (AIV) to Neutral; Sub-Par Trends, But Now Priced In
Tweet
Share
E-mailGet Alerts AIV Hot Sheet
Price: $2.61 --0%
Rating Summary:
5 Buy, 16 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Rating Summary:
5 Buy, 16 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Join SI Premium – FREE
UPDATE - UBS upgraded Apartment Investment Management (NYSE: AIV) from Sell to Neutral. PT lowered from $23 to $21.
UBS analyst said, "We downgraded AIV on October 31st given weaker
than expected traffic, occupancy, and slowing rent growth. While shares may continue to under perform the REIT sector as operating trends lag, we believe the recent drop in the stock has priced in these concerns."
"While we still expect strong 6-7% average sector NOI growth in ‘12, recent data points suggest market rental rate growth is at, or near a peak. The recent pullback has removed the froth that we saw in the stocks, but we see the group remaining range-bound until visibility improves surrounding whether rent growth holds at current levels, or retreats modestly in 2012."
To see more ratings on AIV, Click Here
UBS analyst said, "We downgraded AIV on October 31st given weaker
than expected traffic, occupancy, and slowing rent growth. While shares may continue to under perform the REIT sector as operating trends lag, we believe the recent drop in the stock has priced in these concerns."
"While we still expect strong 6-7% average sector NOI growth in ‘12, recent data points suggest market rental rate growth is at, or near a peak. The recent pullback has removed the froth that we saw in the stocks, but we see the group remaining range-bound until visibility improves surrounding whether rent growth holds at current levels, or retreats modestly in 2012."
To see more ratings on AIV, Click Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wells Fargo Upgrades Portland General Electric Company (POR) to Overweight
- Freedom Broker Upgrades Walmart (WMT) to Buy
- Jefferies Upgrades Fortescue Metals Group Ltd. (FMG:AU) (FSUGY) to Hold
Create E-mail Alert Related Categories
UpgradesRelated Entities
UBSSign 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!
