Barclays PLC boosted its stake in shares of Apartment Investment and Management Co (NYSE:AIV) by 27.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 560,804 shares of the real estate investment trust’s stock after buying an additional 121,467 shares during the quarter. Barclays PLC owned approximately 0.36% of Apartment Investment and Management worth $24,609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. First Trust Advisors LP grew its position in Apartment Investment and Management by 68.6% in the third quarter. First Trust Advisors LP now owns 154,480 shares of the real estate investment trust’s stock valued at $6,817,000 after acquiring an additional 62,881 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Apartment Investment and Management by 0.4% during the 3rd quarter. Victory Capital Management Inc. now owns 304,769 shares of the real estate investment trust’s stock valued at $13,449,000 after buying an additional 1,201 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Apartment Investment and Management by 2.9% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 164,614 shares of the real estate investment trust’s stock valued at $7,264,000 after buying an additional 4,591 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Apartment Investment and Management by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 579,838 shares of the real estate investment trust’s stock valued at $25,588,000 after buying an additional 83,057 shares during the last quarter. Finally, Redpoint Investment Management Pty Ltd purchased a new position in shares of Apartment Investment and Management during the 3rd quarter valued at approximately $503,000. 93.37% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Terry Considine sold 100,000 shares of the firm’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $49.28, for a total transaction of $4,928,000.00. Following the transaction, the chief executive officer now directly owns 378,365 shares in the company, valued at $18,645,827.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas L. Keltner sold 3,500 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $46.67, for a total value of $163,345.00. Following the transaction, the director now owns 37,829 shares in the company, valued at $1,765,479.43. The disclosure for this sale can be found here. Insiders have sold 170,677 shares of company stock worth $8,411,724 over the last 90 days. 2.83% of the stock is currently owned by company insiders.

Several equities analysts have recently commented on the company. Wells Fargo & Co reiterated a “buy” rating on shares of Apartment Investment and Management in a research note on Monday, March 4th. SunTrust Banks cut Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research note on Monday, February 25th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “hold” rating and set a $47.00 target price on shares of Apartment Investment and Management in a research note on Monday, February 4th. Barclays cut Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 target price for the company. in a research note on Monday, February 4th. Finally, Zacks Investment Research upgraded Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Wednesday, January 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $48.13.

Apartment Investment and Management stock opened at $50.78 on Friday. Apartment Investment and Management Co has a 52 week low of $38.40 and a 52 week high of $50.84. The company has a market cap of $7.32 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 3.75 and a beta of 0.67. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.32 and a quick ratio of 0.32.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.61). Apartment Investment and Management had a return on equity of 39.20% and a net margin of 68.29%. The firm had revenue of $232.00 million for the quarter, compared to the consensus estimate of $234.44 million. During the same quarter last year, the business earned $1.67 earnings per share. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, analysts forecast that Apartment Investment and Management Co will post 2.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, February 22nd will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, February 21st. This is a boost from Apartment Investment and Management’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 3.07%. Apartment Investment and Management’s dividend payout ratio (DPR) is 61.18%.

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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.

Read More: Leveraged Buyout (LBO) Explained

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

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