Brinker Capital Inc. cut its stake in shares of Apartment Investment and Management Co (NYSE:AIV) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,182 shares of the real estate investment trust’s stock after selling 866 shares during the period. Brinker Capital Inc.’s holdings in Apartment Investment and Management were worth $271,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AIV. Barclays PLC grew its stake in Apartment Investment and Management by 27.6% in the fourth quarter. Barclays PLC now owns 560,804 shares of the real estate investment trust’s stock valued at $24,609,000 after acquiring an additional 121,467 shares during the period. Mackay Shields LLC lifted its holdings in shares of Apartment Investment and Management by 363.3% in the fourth quarter. Mackay Shields LLC now owns 116,258 shares of the real estate investment trust’s stock valued at $5,101,000 after purchasing an additional 91,162 shares in the last quarter. Menta Capital LLC lifted its holdings in shares of Apartment Investment and Management by 496.4% in the fourth quarter. Menta Capital LLC now owns 37,573 shares of the real estate investment trust’s stock valued at $1,649,000 after purchasing an additional 31,273 shares in the last quarter. LMR Partners LLP bought a new stake in shares of Apartment Investment and Management in the fourth quarter valued at about $396,000. Finally, BOKF NA lifted its holdings in shares of Apartment Investment and Management by 37.4% in the fourth quarter. BOKF NA now owns 30,981 shares of the real estate investment trust’s stock valued at $1,359,000 after purchasing an additional 8,436 shares in the last quarter.

In related news, EVP Lisa R. Cohn sold 831 shares of the company’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $48.00, for a total transaction of $39,888.00. Following the sale, the executive vice president now owns 72,923 shares in the company, valued at $3,500,304. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patti K. Fielding sold 20,272 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $49.64, for a total value of $1,006,302.08. Following the sale, the insider now owns 35,187 shares in the company, valued at approximately $1,746,682.68. The disclosure for this sale can be found here. Insiders have sold 167,177 shares of company stock worth $8,248,379 in the last quarter. 2.83% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on the company. Zacks Investment Research lowered Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Wednesday. SunTrust Banks lowered Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a report on Monday, February 25th. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and issued a $54.00 price target on shares of Apartment Investment and Management in a report on Monday. Wells Fargo & Co restated a “buy” rating on shares of Apartment Investment and Management in a report on Monday, March 4th. Finally, Barclays lowered Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 price target on the stock. in a report on Monday, February 4th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.00.

Shares of Apartment Investment and Management stock opened at $50.51 on Friday. Apartment Investment and Management Co has a one year low of $38.54 and a one year high of $50.89. The stock has a market capitalization of $7.27 billion, a PE ratio of 19.79, a PEG ratio of 3.79 and a beta of 0.68. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.32 and a current ratio of 0.32.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Monday, February 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $232.00 million for the quarter, compared to the consensus estimate of $234.44 million. During the same quarter in the previous year, the company posted $1.67 EPS. The business’s revenue was down 9.1% on a year-over-year basis. Analysts predict that Apartment Investment and Management Co will post 2.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 22nd were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, February 21st. This is a positive change from Apartment Investment and Management’s previous quarterly dividend of $0.38. Apartment Investment and Management’s dividend payout ratio is presently 61.18%.

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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 132 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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