America Comes Home to Aimco
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Type
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Public |
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Traded as |
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Founded | 1975 (as "The Considine Company, Inc.") 1994 (Merged with Property Asset Management & PDI, Inc.) |
Founder | Terry Considine |
Headquarters | Denver, Colorado |
Key people
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Terry Considine, Chairman & CEO |
Products | Apartments |
Revenue | $0.995 billion (2016) |
Net income
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$0.483 billion (2016) |
Total assets | $6.232 billion (2016) |
Total equity | $1.944 billion (2016) |
Number of employees
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1,456 (2016) |
Website | aimco |
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.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q2 2022 | 2022-08-04 | 0.00 | 0.00 |
Q1 2022 | 2022-05-09 | 0.00 | 0.00 |
Q4 2021 | 2022-02-28 | -0.01 | -0.01 |
Q3 2021 | 2021-11-09 | -0.03 | -0.03 |
Q2 2021 | 2021-08-13 | -0.13 | -0.13 |
Q1 2021 | 2021-05-17 | 0.14 | 0.14 |
Q4 2020 | 2021-03-12 | -0.17 | -0.17 |
Q3 2020 | 2020-10-29 | -0.17 | -0.17 |
Q2 2020 | 2020-08-03 | 0.26 | 0.26 |
Q1 2020 | 2020-05-07 | 0.04 | 0.04 |
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
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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 / |