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UPDATE: UBS Upgrades AIMCO Properties, Notes That Shares Appear Cheap

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In a report released Tuesday, UBS analyst Nick Yulico upgraded Apartment Investment and Management (NYSE: AIV) from Neutral to Buy and raised the company's price target from $32.00 to $36.00.

Yulico claims AIMCO Properties to be cheap, projecting the stock to trade at a 15 percent discount to one-year forward net asset value. Analysts at UBS forecast AIMCO to report SSNOI growth of nearly five percent in the 2013 to 2015 period.

UBS' one-year forward net asset value is given by a conservative economic cap rate of six percent, while its price target reflects a five percent net asset value discount compared to a previous 10 percent discount.

Latest Ratings for AIV

DateFirmActionFromTo
Feb 2019DowngradesBuyHold
Feb 2019DowngradesOverweightEqual-Weight
Aug 2018MaintainsHoldHold

View More Analyst Ratings for AIV
View the Latest Analyst Ratings

Posted-In: Nick Yulico UBSAnalyst Color Upgrades Price Target Analyst Ratings

 

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