SG Americas Securities LLC raised its position in Apartment Investment and Management Company (NYSE:AIV) by 50.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 40,041 shares of the real estate investment trust’s stock after buying an additional 13,410 shares during the period. SG Americas Securities LLC’s holdings in Apartment Investment and Management were worth $1,721,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of AIV. LMR Partners LLP boosted its position in Apartment Investment and Management by 161.5% in the second quarter. LMR Partners LLP now owns 21,241 shares of the real estate investment trust’s stock worth $912,000 after buying an additional 13,119 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Apartment Investment and Management by 3.2% in the second quarter. Teacher Retirement System of Texas now owns 125,339 shares of the real estate investment trust’s stock worth $5,386,000 after buying an additional 3,940 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its position in Apartment Investment and Management by 63.3% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,665,067 shares of the real estate investment trust’s stock worth $71,548,000 after buying an additional 645,150 shares during the last quarter. First Trust Advisors LP boosted its position in Apartment Investment and Management by 129.9% in the second quarter. First Trust Advisors LP now owns 134,020 shares of the real estate investment trust’s stock worth $5,759,000 after buying an additional 75,726 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted 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 worth $94,560,000 after buying an additional 371,790 shares during the last quarter. Hedge funds and other institutional investors own 98.42% of the company’s stock.

Shares of Apartment Investment and Management Company (AIV) opened at 45.51 on Tuesday. The company has a 50-day moving average price of $44.69 and a 200-day moving average price of $44.30. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 35.83 and a beta of 0.44. Apartment Investment and Management Company has a 52-week low of $39.66 and a 52-week high of $47.91.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results 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. The company had revenue of $246.24 million during the quarter, compared to analyst estimates of $240.78 million. Apartment Investment and Management had a return on equity of 12.46% and a net margin of 20.64%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. On average, equities analysts anticipate that Apartment Investment and Management Company will post $0.50 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 18th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.44 dividend on an annualized basis and a yield of 3.16%. Apartment Investment and Management’s dividend payout ratio (DPR) is 113.39%.

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A number of research firms have issued reports on AIV. BidaskClub upgraded Apartment Investment and Management from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Canaccord Genuity set a $50.00 target price on Apartment Investment and Management and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research lowered Apartment Investment and Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Barclays PLC lowered their target price on Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 18th. Finally, Mizuho lowered Apartment Investment and Management from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $45.00 to $42.00 in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $46.88.

In related news, EVP Keith M. Kimmel sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the transaction, the executive vice president now owns 28,481 shares in the company, valued at approximately $1,310,126. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Apartment Investment and Management Company Profile

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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