As previously reported, SunTrust analyst Michael Lewis downgraded Aimco to Hold from Buy, also keeping his price target at $48. The analyst attributes the rating change to a lack of catalysts to drive continued outperformace for the REIT, noting that while the company has had good same-store growth, it was not "significantly better" than that of its peers. Lewis adds that Aimco has the highest financial leverage, trades in line with its 5-year average discount relative to net asset value, and will likely have the lowest FFO growth in his apartment coverage universe this year.