Allianz Asset Management GmbH lifted its stake in shares of Apartment Investment and Management Co (NYSE:AIV) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 541,582 shares of the real estate investment trust’s stock after buying an additional 31,424 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.35% of Apartment Investment and Management worth $23,900,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in AIV. BlackRock Inc. boosted its holdings in Apartment Investment and Management by 2.2% in the third quarter. BlackRock Inc. now owns 13,642,189 shares of the real estate investment trust’s stock worth $602,030,000 after purchasing an additional 290,703 shares during the period. FMR LLC boosted its holdings in Apartment Investment and Management by 1.1% in the third quarter. FMR LLC now owns 6,312,251 shares of the real estate investment trust’s stock worth $278,559,000 after purchasing an additional 66,717 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Apartment Investment and Management by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,483,232 shares of the real estate investment trust’s stock worth $109,581,000 after purchasing an additional 12,443 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Apartment Investment and Management by 5.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,114,324 shares of the real estate investment trust’s stock worth $89,436,000 after purchasing an additional 104,385 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Apartment Investment and Management by 85,310.4% in the second quarter. Advisors Asset Management Inc. now owns 1,641,587 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 1,639,665 shares during the period.

Shares of NYSE AIV opened at $46.08 on Thursday. Apartment Investment and Management Co has a fifty-two week low of $37.97 and a fifty-two week high of $47.46. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 1.76. The stock has a market cap of $7.33 billion, a P/E ratio of 18.81, a P/E/G ratio of 4.09 and a beta of 0.51.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $3.00. Apartment Investment and Management had a net margin of 92.50% and a return on equity of 55.25%. The business had revenue of $242.48 million for the quarter, compared to analysts’ expectations of $239.80 million. During the same period in the previous year, the business earned $0.63 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. As a group, analysts predict that Apartment Investment and Management Co will post 2.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Thursday, November 15th. Apartment Investment and Management’s dividend payout ratio is currently 62.04%.

In related news, insider Lisa R. Cohn sold 5,000 shares of Apartment Investment and Management stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $45.62, for a total transaction of $228,100.00. Following the sale, the insider now directly owns 73,754 shares in the company, valued at $3,364,657.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

A number of equities analysts have commented on AIV shares. Scotiabank started coverage on shares of Apartment Investment and Management in a report on Tuesday, October 16th. They issued an “underperform” rating for the company. Wells Fargo & Co set a $50.00 target price on Apartment Investment and Management and gave the company a “buy” rating in a research note on Friday, November 16th. ValuEngine upgraded Apartment Investment and Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. TheStreet upgraded Apartment Investment and Management from a “c+” rating to a “b” rating in a research note on Thursday, November 1st. Finally, Jefferies Financial Group raised their target price on Apartment Investment and Management from $42.00 to $46.00 and gave the company a “hold” rating in a research note on Thursday, August 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.80.

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Apartment Investment and Management 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 133 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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