Manning & Napier Advisors LLC reduced its holdings in shares of Apartment Investment and Management Company (NYSE:AIV) by 4.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 187,925 shares of the real estate investment trust’s stock after selling 8,250 shares during the period. Manning & Napier Advisors LLC owned approximately 0.12% of Apartment Investment and Management worth $8,241,000 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 the stock. ING Groep NV increased its position in Apartment Investment and Management by 0.4% during the 2nd quarter. ING Groep NV now owns 8,048 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 29 shares in the last quarter. CIBC Asset Management Inc increased its position in Apartment Investment and Management by 0.5% during the 2nd quarter. CIBC Asset Management Inc now owns 13,451 shares of the real estate investment trust’s stock valued at $578,000 after buying an additional 69 shares in the last quarter. Utah Retirement Systems increased its position in Apartment Investment and Management by 0.3% during the 2nd quarter. Utah Retirement Systems now owns 35,735 shares of the real estate investment trust’s stock valued at $1,535,000 after buying an additional 96 shares in the last quarter. Sentry Investment Management LLC increased its position in Apartment Investment and Management by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 12,340 shares of the real estate investment trust’s stock valued at $530,000 after buying an additional 130 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in Apartment Investment and Management by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 76,133 shares of the real estate investment trust’s stock valued at $3,271,000 after buying an additional 233 shares in the last quarter. 99.95% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on AIV. BidaskClub raised Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Mizuho upgraded Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 price target on the stock in a research note on Monday, November 6th. Canaccord Genuity set a $50.00 price target on Apartment Investment and Management and gave the company a “hold” rating in a research note on Wednesday, August 2nd. BMO Capital Markets reiterated a “sell” rating on shares of Apartment Investment and Management in a research note on Friday, October 27th. Finally, Robert W. Baird reiterated a “hold” rating and set a $46.00 price target on shares of Apartment Investment and Management in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $47.67.

In other news, EVP Keith M. Kimmel sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the sale, the executive vice president now owns 28,481 shares in the company, valued at $1,310,126. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Terry Considine sold 111,577 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $44.01, for a total value of $4,910,503.77. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

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Shares of Apartment Investment and Management Company (NYSE:AIV) traded down $0.50 on Friday, hitting $44.19. The stock had a trading volume of 3,500,000 shares, compared to its average volume of 869,608. Apartment Investment and Management Company has a 1 year low of $39.66 and a 1 year high of $46.85. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.35. The stock has a market capitalization of $6,860.00, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 2.72 and a beta of 0.47.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.51). Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. The company had revenue of $254.64 million during the quarter, compared to analysts’ expectations of $249.17 million. During the same quarter in the previous year, the company earned $0.54 EPS. equities research analysts expect that Apartment Investment and Management Company will post 2.44 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be paid a $0.36 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.26%. Apartment Investment and Management’s payout ratio is 464.52%.

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.

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

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