UPDATE: Imperial Capital Research Raises PT to $30 on Apartment Investment and Management Co; Dividend, Equity Raise

Imperial Capital Research reiterates its Outperform rating on Apartment Investment and Management Co AIV and raises its price target from $29 to $30. Imperial Capital Research comments, "We are maintaining our Outperform rating and increasing our one-year price target to $30 from $29 on AIV's common stock on account of the earnings accretion and delevering impact of the recent equity issuance and the 11% dividend increase. Achieving our price target together with receipt of the current dividend would generate a total potential return of approximately 12%, which is at the higher end of our return expectations for the REIT group and hence our Outperform rating." AIV closed at $27.22 on Monday.