Martingale Asset Management L P purchased a new stake in Apartment Investment and Management Co (NYSE:AIV) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 5,220 shares of the real estate investment trust’s stock, valued at approximately $230,000.

Several other large investors have also recently made changes to their positions in AIV. Altshuler Shaham Ltd acquired a new stake in shares of Apartment Investment and Management in the 4th quarter valued at approximately $26,000. We Are One Seven LLC acquired a new stake in shares of Apartment Investment and Management in the 4th quarter valued at approximately $39,000. Private Capital Group LLC raised its position in shares of Apartment Investment and Management by 24.5% in the 4th quarter. Private Capital Group LLC now owns 1,101 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 217 shares during the period. Dupont Capital Management Corp raised its position in shares of Apartment Investment and Management by 38.0% in the 4th quarter. Dupont Capital Management Corp now owns 2,262 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 623 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Apartment Investment and Management in the 3rd quarter valued at approximately $118,000. Institutional investors and hedge funds own 93.37% of the company’s stock.

A number of brokerages recently weighed in on AIV. SunTrust Banks downgraded shares of Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research report on Monday, February 25th. They noted that the move was a valuation call. Wells Fargo & Co reissued a “buy” rating on shares of Apartment Investment and Management in a research note on Monday, March 4th. BMO Capital Markets reissued 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 cut Apartment Investment and Management from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $48.13.

In other news, insider Patti K. Fielding sold 20,272 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $49.64, for a total transaction of $1,006,302.08. Following the completion of the transaction, the insider now directly owns 35,187 shares of the company’s stock, valued at approximately $1,746,682.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Miles Cortez sold 9,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $49.50, for a total transaction of $470,250.00. Following the transaction, the insider now directly owns 101,826 shares of the company’s stock, valued at $5,040,387. The disclosure for this sale can be found here. Over the last three months, insiders have sold 170,677 shares of company stock valued at $8,411,724. 2.83% of the stock is owned by company insiders.

NYSE AIV 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 debt-to-equity ratio of 2.49, a current ratio of 0.32 and a quick ratio of 0.32. The company has a market cap of $7.32 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 3.75 and a beta of 0.67.

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

The firm also recently announced 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. This represents a $1.56 dividend on an annualized basis and a yield of 3.07%. This is a boost from Apartment Investment and Management’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, February 21st. Apartment Investment and Management’s dividend payout ratio is presently 61.18%.

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About Apartment Investment and Management

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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