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Apartment Investment & Management Co.

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Shares of Apartment Investment and Management Company, better known as Aimco, have underperformed its industry in the past three months. Further, the Zacks Consensus Estimate for funds from operation (FFO) per share for 2018 was revised downward in a month’s time. The company’s fourth-quarter 2017 results displayed growth in same-store property net operating income (NOI). Notably, the company is making diligent efforts to reposition its portfolio by shedding non-strategic properties and investing the proceeds in opportunistic acquisitions. However, new supply in various markets is anticipated to dampen the company’s rent growth and new lease pricing ability. Also, the dilutive impact on earnings from asset dispositions cannot be bypassed in the near term. Further, hike in interest rate adds to its woes.

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