American Century Companies Inc. reduced its stake in shares of Apartment Investment and Management Company (NYSE:AIV) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,096,163 shares of the real estate investment trust’s stock after selling 64,389 shares during the period. American Century Companies Inc. owned 0.70% of Apartment Investment and Management worth $47,102,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AIV. Vanguard Group Inc. increased its position in Apartment Investment and Management by 2.8% in the first quarter. Vanguard Group Inc. now owns 27,397,533 shares of the real estate investment trust’s stock valued at $1,215,081,000 after buying an additional 748,512 shares in the last quarter. BlackRock Inc. increased its position in Apartment Investment and Management by 3,261.5% in the first quarter. BlackRock Inc. now owns 12,471,775 shares of the real estate investment trust’s stock valued at $553,123,000 after buying an additional 12,100,758 shares in the last quarter. Principal Financial Group Inc. increased its position in Apartment Investment and Management by 1.5% in the first quarter. Principal Financial Group Inc. now owns 6,780,055 shares of the real estate investment trust’s stock valued at $300,801,000 after buying an additional 101,279 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Apartment Investment and Management by 20.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,200,588 shares of the real estate investment trust’s stock valued at $94,560,000 after buying an additional 371,790 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Apartment Investment and Management by 38.0% in the first quarter. Renaissance Technologies LLC now owns 2,189,200 shares of the real estate investment trust’s stock valued at $97,091,000 after buying an additional 602,400 shares in the last quarter. Hedge funds and other institutional investors own 98.42% of the company’s stock.

Shares of Apartment Investment and Management Company (NYSE:AIV) opened at 44.97 on Wednesday. The firm has a market cap of $7.06 billion, a PE ratio of 35.41 and a beta of 0.44. The company’s 50-day moving average price is $44.69 and its 200 day moving average price is $44.30. Apartment Investment and Management Company has a 1-year low of $39.66 and a 1-year high of $47.91.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Apartment Investment and Management had a return on equity of 12.46% and a net margin of 20.64%. The company had revenue of $246.24 million during the quarter, compared to the consensus estimate of $240.78 million. During the same period last year, the company earned $0.59 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, analysts predict that Apartment Investment and Management Company will post $0.50 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.20%. Apartment Investment and Management’s dividend payout ratio (DPR) is 113.39%.

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AIV has been the subject of several research reports. Zacks Investment Research downgraded Apartment Investment and Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub cut Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. JMP Securities raised Apartment Investment and Management from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research note on Monday, July 10th. Barclays PLC decreased their price target on Apartment Investment and Management from $49.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, May 18th. Finally, Bank of America Corporation cut Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $47.00 price target for the company. in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $46.88.

In related news, EVP Keith M. Kimmel sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the sale, the executive vice president now owns 28,481 shares of the company’s stock, valued at $1,310,126. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

About Apartment Investment and Management

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It operates through two segments: conventional real estate and affordable real estate.

Institutional Ownership by Quarter for Apartment Investment and Management (NYSE:AIV)

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