Tredje AP fonden reduced its holdings in shares of Apartment Investment and Management Co (NYSE:AIV) by 11.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,733 shares of the real estate investment trust’s stock after selling 3,047 shares during the period. Tredje AP fonden’s holdings in Apartment Investment and Management were worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in AIV. Norges Bank acquired a new position in Apartment Investment and Management during the 4th quarter valued at about $72,158,000. Millennium Management LLC increased its position in Apartment Investment and Management by 1,121.4% during the 4th quarter. Millennium Management LLC now owns 829,481 shares of the real estate investment trust’s stock valued at $36,398,000 after buying an additional 761,569 shares in the last quarter. Deutsche Bank AG increased its position in Apartment Investment and Management by 172.3% during the 4th quarter. Deutsche Bank AG now owns 958,789 shares of the real estate investment trust’s stock valued at $42,066,000 after buying an additional 606,725 shares in the last quarter. WINTON GROUP Ltd increased its position in Apartment Investment and Management by 915.5% during the 4th quarter. WINTON GROUP Ltd now owns 570,060 shares of the real estate investment trust’s stock valued at $25,014,000 after buying an additional 513,922 shares in the last quarter. Finally, BlackRock Inc. increased its position in Apartment Investment and Management by 3.2% during the 4th quarter. BlackRock Inc. now owns 14,083,432 shares of the real estate investment trust’s stock valued at $617,981,000 after buying an additional 441,243 shares in the last quarter. 96.19% of the stock is currently owned by institutional investors.

In other news, insider Miles Cortez sold 6,205 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $50.30, for a total value of $312,111.50. Following the sale, the insider now owns 101,876 shares in the company, valued at $5,124,362.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patti K. Fielding sold 20,272 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $49.64, for a total value of $1,006,302.08. Following the completion of the sale, the insider now owns 35,187 shares in the company, valued at approximately $1,746,682.68. The disclosure for this sale can be found here. 2.83% of the stock is owned by corporate insiders.

Apartment Investment and Management stock opened at $49.95 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.14. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 3.77 and a beta of 0.65. Apartment Investment and Management Co has a fifty-two week low of $39.34 and a fifty-two week high of $51.45.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The business had revenue of $230.24 million for the quarter, compared to the consensus estimate of $226.53 million. Apartment Investment and Management had a return on equity of 48.32% and a net margin of 89.47%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 EPS. On average, research analysts forecast that Apartment Investment and Management Co will post 2.49 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.12%. Apartment Investment and Management’s payout ratio is 61.18%.

AIV has been the topic of several research analyst reports. Zacks Investment Research upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. BMO Capital Markets reiterated a “hold” rating and set a $47.00 price target on shares of Apartment Investment and Management in a research note on Monday, February 4th. Wells Fargo & Co reiterated a “buy” rating on shares of Apartment Investment and Management in a research note on Monday, March 4th. SunTrust Banks downgraded Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research note on Monday, February 25th. They noted that the move was a valuation call. Finally, Barclays downgraded Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 price target on the stock. in a research note on Monday, February 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $49.25.

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Apartment Investment and Management Company Profile

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 132 communities in 17 states and the District of Columbia.

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

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