Fall Clean-Up: 7 Stocks to Let Go Before Autumn Begins
Friday, 1 September 2023, 00:13:37
With just a month left before the final calendar quarter of 2023 begins, now may be a time to consider stocks to sell in Autumn. I know – it’s not the most pleasant of topics. As well, you’re going to want to apply caution with this fall stock clean-up list. It can be an astute warning or a clown show. Still, I think there’s good reason to consider exiting stocks losing momentum in the fall. For one thing, the broader market performance has been rather choppy over the past month. Given that Federal Reserve Chair Jerome Powell acknowledged that there’s significant work to be done to tame inflation , more volatility may be on the horizon. Second, it’s obvious that consumers are hurting. From the record credit card debt in the U.S. that exceeded $1 trillion to major retailers warning about fading consumer confidence , folks don’t need to look far for an excuse to red flag stocks to avoid in Autumn. Plus, we’ve had such a great run, which may mean it’s time for a correction. With that, below are end-of-summer stock sales to consider.
Apartment Investment And Management: Strong Quarter, But Still Not Profitable
Wednesday, 9 August 2023, 13:42:00
Aimco reported strong quarterly results, but questions about its profitability and growth strategy linger. Read why I am neutral on AIV stock.
— Seeking Alpha
Apartment Investment & Management Co. Q2 Earnings Summary
Monday, 7 August 2023, 23:00:00
WASHINGTON (dpa-AFX) – Below are the earnings highlights for Apartment Investment & Management Co. (AIV):Earnings: -$3.60 million in Q2 vs. $239.14 million in the same period last year. EPS: -$0.0…
— Finanz Nachrichten
Analysts Just Upgraded These 3 Residential REITs
Friday, 28 July 2023, 18:23:31
Real estate investment trusts ( REITs ) have had their share of tough times since the beginning of 2022, but 2023 seems to be ushering in a more positive view by analysts, and July has seen a number of stock upgrades and increased price targets. Analysts are seeing better times ahead, assuming the Federal Reserve eases up on the severity and duration of interest rate hikes. Goldman Sachs” recent revision of recession odds from 25% to 20% over the next year is also augmenting the projections for REITs going forward. Take a look at three residential REITs that recently received analyst upgrades. Two of the three have also received price target increases. Apartment Income REIT Corp. (NYSE: AIRC ), also known as AIR Communities, is a Denver-based residential REIT that focuses on apartment communities. Its 23,000 apartment units in 94 communities are located in major metropolitan markets across 10 states and Washington, D.C. Apartment Income REIT was originally part of Apartment Investment and Management Co. (AIMCO) but became an independent publicly traded REIT in 2020.
Aimco Closes on Partial Sale of Parkmerced Mezzanine Loan and Announces Amended Agreement for Sale of Remaining Investment
Friday, 23 June 2023, 12:58:00
Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today it has closed on the sale of a 20%, non-controlling position in its Parkmerced mezzanine loan investment for $33.5 million. Pursuant to the terms of the amended agreement, the purchaser will have the option to acquire the remaining 80% for an additional $134 million plus interest accruing at no less than 19%
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