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Apartment Investment and Management Company
Type
Public
Traded as
  • NYSE: AIV
  • S&P 500 component
Founded 1975 (as "The Considine Company, Inc.")
1994 (Merged with Property Asset Management & PDI, Inc.)
Founder Terry Considine
Headquarters Denver, Colorado
Key people
Terry Considine, Chairman & CEO
Products Apartments
Revenue Increase $0.995 billion (2016)
Net income
Increase $0.483 billion (2016)
Total assets Increase $6.232 billion (2016)
Total equity Increase $1.944 billion (2016)
Number of employees
1,456 (2016)
Website aimco.com

Aimco or Apartment Investment Management Company is a publicly traded real estate investment trust.

As of December 31, 2016, the company owned 46,311 apartment units, including 32,433 conventional apartment units in Atlanta, the San Francisco Bay Area, Boston, Chicago, Denver, the Washington metropolitan area, Los Angeles, Miami, New York City, Philadelphia, San Diego, and Seattle, 5,489 apartment units in other non-core markets, and 8,389 units of affordable housing.

Aimco traces its roots to The Considine Company, formed in 1975 by Terry Considine.

Aimco was incorporated on January 10, 1994.

On July 29, 1994, the company became a public company via an initial public offering.

In 1994, Aimco acquired Homecorp, a management company with 5,300 units based in Montgomery, Alabama.

In 1996, Aimco acquired Walters Management Company and the J.W. English Company.

Aimco also acquired a portion of the general partnership of Balcor Asset Management resulting in the addition of 67 properties in three states.

In 1997, Aimco acquired National Housing Partnership Incorporated, which owned 87,659 apartments.

In October 1997, Aimco acquired 8,175 apartment units from Winthrop.

In 1998, Aimco acquired Insignia Financial Group in a $910 million transaction.

In 2000, the company acquired Oxford Realty Financial Group, which owned interests in 36,662 apartment units, for $314 million. Also in 2000, the company acquired the Oxford Tax-Exempt Fund for $206 million.

In 2002, Aimco acquired Casden Properties, founded by Alan Casden. The $1.5 billion acquisition included 17,383 apartments, including 6,356 conventional apartment units located in Southern California and 11,027 affordable apartment units in 25 states.

In 2003, the company was added to the S&P 500 Index.

In February 2017, the company acquired Indigo Apartments in Redwood City, California for $320 million.

In July 2017, the company acquired the 47% interest it did not own in 3 properties for $451 million, based on a valuation of $695,107 per apartment unit.

News

Apartment Investment and Management Company -2.43% (real estate)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2020 2021-01-28 Future report Set alerts
Q3 2020 2020-10-29 Future report Set alerts
Q2 2020 2020-08-03 0.26 0.26
Q1 2020 2020-05-07 0.04 0.04
Q4 2019 2020-01-30 0.90 0.90
Q3 2019 2019-10-31 0.01 0.01
Q2 2019 2019-08-01 0.40 0.40
Q1 2019 2019-05-02 1.88 1.88
Q4 2018 2019-02-04 0.03 0.03
Q3 2018 2018-11-01 3.61 3.72

Ratings

2016-06-29 Reiterated Rating Canaccord Genuity Hold
2016-06-02 Downgrade SunTrust Buy to Neutral $42.00 to $44.00
2016-06-02 Downgrade SunTrust Banks Inc. Buy to Neutral $42.00 to $44.00
2016-05-08 Reiterated Rating Robert W. Baird Hold
2016-05-02 Boost Price Target RBC Capital Sector Perform $43.00 to $44.00
2016-05-02 Boost Price Target Canaccord Genuity Hold $39.00 to $41.00
2016-05-02 Boost Price Target Royal Bank Of Canada Sector Perform $43.00 to $44.00
2016-04-13 Downgrade Robert W. Baird Outperform to Neutral $40.00
2016-03-21 Upgrade Mizuho Neutral to Buy $36.00 to $46.00
2016-02-24 Lower Price Target SunTrust Buy $43.00 to $42.00
2016-02-08 Lower Price Target Mizuho Neutral $37.00 to $36.00
2016-02-08 Reiterated Rating Canaccord Genuity Buy $41.00 to $39.00
2015-12-16 Upgrade BMO Capital Markets Market Perform to Outperform
2015-12-15 Upgrade Citigroup Inc. Neutral to Buy
2015-11-09 Downgrade Miller Tabak Hold to Sell
2015-11-04 Reiterated Rating Canaccord Genuity Hold $41.00
2015-10-20 Boost Price Target Barclays Overweight $43.00 to $45.00
2015-10-20 Upgrade Raymond James Outperform to Strong-Buy
2015-10-20 Boost Price Target Barclays PLC Overweight $43.00 to $45.00
2015-10-20 Upgrade Raymond James Financial Inc. Outperform to Strong-Buy
2015-10-16 Boost Price Target Morgan Stanley Equal Weight $40.00 to $43.00
2015-10-07 Reiterated Rating Canaccord Genuity Hold $43.00
2015-09-21 Lower Price Target Mizuho Neutral $42.00 to $38.00
2015-09-15 Initiated Coverage JMP Securities Market Perform $44.00
2015-09-09 Upgrade Miller Tabak Sell to Hold
2015-09-09 Upgrade Barclays Equal Weight to Overweight $40.00 to $43.00
2015-09-09 Upgrade Janney Montgomery Scott Neutral to Buy $41.00
2015-08-03 Reiterated Rating MLV & Co. Hold $43.00
2015-07-23 Initiated Coverage Canaccord Genuity Hold $41.00
2015-07-20 Initiated Coverage SunTrust Buy $45.00
2015-06-09 Reiterated Rating Raymond James Outperform $42.00
2015-04-20 Set Price Target Barclays Hold $41.00 to $40.00
2015-04-09 Initiated Coverage Janney Montgomery Scott Neutral $40.00
2015-04-08 Initiated Coverage BMO Capital Markets Market Perform $41.00
2015-03-16 Initiated Coverage Robert W. Baird Outperform $42.00
2015-02-09 Set Price Target MLV & Co. Hold $43.00
2015-02-02 Downgrade Miller Tabak Hold to Sell
2015-01-22 Reiterated Rating Barclays Hold $40.00
2015-01-12 Upgrade Wells Fargo & Co. Market Perform to Outperform
2015-01-12 Upgrade Wells Fargo Market Perform to Outperform
2015-01-07 Downgrade Raymond James Strong-Buy to Outperform
2014-12-11 Downgrade KeyBanc Buy to Hold
2014-12-11 Downgrade KeyCorp Buy to Hold
2014-10-13 Upgrade Raymond James Market Perform to Strong-Buy $39.00
2014-07-23 Initiated Coverage Mizuho Neutral
2014-07-21 Boost Price Target Barclays Equal Weight $32.00 to $34.00
2014-07-08 Upgrade UBS Neutral to Buy $32 to $36
2014-06-20 Reiterated Rating JPMorgan Chase & Co. Neutral $31.00 to $32.00
2014-05-06 Boost Price Target Imperial Capital Outperform $32.00 to $34.00
2014-04-21 Upgrade Barclays Underweight to Equal Weight $29.00 to $31.00
2014-02-12 Downgrade MLV & Co Buy to Hold
2014-02-12 Downgrade MLV & Co. Buy to Hold
2014-01-16 Upgrade JPMorgan Chase & Co. Underweight to Neutral $29.00
2013-11-07 Downgrade RBC Capital Outperform to Sector Perform $34.00 to $31.00
2013-03-25 Reiterated Imperial Capital Outperform $30 to $32
2013-02-12 Reiterated MLV & Co Buy $31 to $34
2012-10-05 Upgrade Miller Tabak Hold to Buy
2012-03-13 Upgrade RBC Capital Mkts Sector Perform to Outperform $27 to $30
2012-02-10 Reiterated UBS Neutral $21 to $25
2012-01-12 Upgrade KeyBanc Capital Mkts Hold to Buy $26
2011-11-30 Upgrade UBS Sell to Neutral $23 to $21
2011-05-02 Upgrade Morgan Keegan Underperform to Mkt Perform
2010-11-10 Reiterated RBC Capital Mkts Sector Perform $23 to $26
2010-11-02 Reiterated Barclays Capital Underweight $22 to $23
2010-09-16 Reiterated RBC Capital Mkts Sector Perform $22 to $23
2010-08-03 Reiterated Barclays Capital Underweight $20 to $22
2010-04-26 Downgrade BMO Capital Markets Market Perform to Underperform
2016-06-29 Reiterated Rating Canaccord Genuity Hold
2016-06-02 Downgrade SunTrust Buy to Neutral $42.00 to $44.00
2016-06-02 Downgrade SunTrust Banks Inc. Buy to Neutral $42.00 to $44.00
2016-05-08 Reiterated Rating Robert W. Baird Hold
2016-05-02 Boost Price Target RBC Capital Sector Perform $43.00 to $44.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
CONSIDINE TERRY Chairman & CEO 0.26%  (376663) AIV / IPI /
FREEDMAN ERNEST MICHAEL Executive Vice President - CFO 0.08%  (113988) AIV /
CORTEZ MILES Executive Vice President 0.07%  (102456) AIV /
COHN LISA R Executive Vice President 0.05%  (78754) AIV /
Miller Robert A. 0.05%  (77903) AIV /
Bezzant John E Executive Vice President 0.05%  (70632) AIV /
Kimmel Keith M Executive Vice President 0.04%  (51889) AIV /
Beldin Paul Senior Vice President - CAO 0.03%  (46408) AIV /
NELSON KATHLEEN M. 0.03%  (45000) AIV / CBL / DCOM /
KELTNER THOMAS L. 0.03%  (41329) AIV /
STEIN MICHAEL A 0.03%  (41200) AIV / NLS /
FIELDING PATTI K Executive Vice President 0.03%  (39552) AIV /
MARTIN J LANDIS 0.02%  (27123) AIV / CCI / HAL / IPI /
Powell Wesley William Executive Vice President 0.02%  (24448) AIV /
Matula Dan S Executive Vice President 0.01%  (21561) AIV /
BAILEY JAMES N 0.01%  (16600) AIV /
Tran Nina A 0.01%  (9650) AIV / SWAY /

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