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DENVER-AIMCO, one of the largest apartment real estate investment trusts in the country, provided no ”new news” at a recent investor conference call, according to an analysis by UBS Warburg LLC. But perhaps no news is good news.

Following the conference calls, UBS says it remains high on AIMCO, which trades under the symbol AIV.

”Overall, we believe that AIMCO’s strategy of buying well and operating a middle-market multifamily portfolio, which is highly diversified by both geography and price points, represents a solid investment, particularly during a period of economic uncertainty,” according to UBS.

AIMCO’s management, during the call, says it has not yet realized operating efficiencies on properties it acquired late in the latest cycle. It also notes that the nation’s economic weakness would make the operating environment more challenging.

However, the company’s investment strategy is to ”buy cheap” and operate efficiently.

The company’s diversity and inherent stability should allow it to weather future economic turbulence, according to UBS.

UBS maintains a ”strong buy” on the stock and raised its target price by $2 to $53 per share.

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