Investec Asset Management LTD lowered its holdings in shares of Apartment Investment and Management Company (NYSE:AIV) by 21.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,300 shares of the real estate investment trust’s stock after selling 4,900 shares during the quarter. Investec Asset Management LTD’s holdings in Apartment Investment and Management were worth $786,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AIV. Israel Discount Bank of New York purchased a new stake in shares of Apartment Investment and Management during the first quarter worth about $115,000. Schroder Investment Management Group purchased a new stake in shares of Apartment Investment and Management during the second quarter worth about $124,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in shares of Apartment Investment and Management by 190.0% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,900 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Apartment Investment and Management during the first quarter worth about $166,000. Finally, Raymond James Trust N.A. purchased a new stake in shares of Apartment Investment and Management during the second quarter worth about $217,000. Hedge funds and other institutional investors own 98.30% of the company’s stock.

AIV has been the subject of several research analyst reports. BMO Capital Markets reiterated a “sell” rating and set a $42.00 target price on shares of Apartment Investment and Management in a research report on Thursday, May 25th. Bank of America Corporation cut Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $47.00 target price for the company. in a research report on Friday, June 16th. BidaskClub cut Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. JMP Securities upgraded Apartment Investment and Management from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research report on Monday, July 10th. Finally, Mizuho cut Apartment Investment and Management from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $45.00 to $42.00 in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Apartment Investment and Management has a consensus rating of “Hold” and a consensus target price of $46.90.

Apartment Investment and Management Company (NYSE AIV) opened at 44.89 on Friday. Apartment Investment and Management Company has a 12-month low of $39.66 and a 12-month high of $47.91. The stock has a market cap of $7.05 billion, a PE ratio of 35.35 and a beta of 0.45. The firm’s 50-day moving average price is $45.62 and its 200 day moving average price is $44.29.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $240.78 million. During the same period in the previous year, the business earned $0.59 EPS. Apartment Investment and Management’s quarterly revenue was up 1.4% on a year-over-year basis. Analysts anticipate that Apartment Investment and Management Company will post $0.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 18th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.44 annualized dividend and a yield of 3.18%. Apartment Investment and Management’s dividend payout ratio (DPR) is currently 113.39%.

In other Apartment Investment and Management news, EVP Keith M. Kimmel sold 10,000 shares of the business’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 directly owns 28,481 shares in the company, valued at approximately $1,310,126. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.20% of the stock is currently owned by insiders.

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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.

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

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