Numeric Investors LLC bought a new position in Apartment Investment and Management Company (NYSE:AIV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 23,200 shares of the real estate investment trust’s stock, valued at approximately $997,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group bought a new stake in shares of Apartment Investment and Management in the 2nd quarter worth about $124,000. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Apartment Investment and Management by 190.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the real estate investment trust’s stock worth $129,000 after acquiring an additional 1,900 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Apartment Investment and Management in the 1st quarter worth about $166,000. Raymond James Trust N.A. bought a new stake in shares of Apartment Investment and Management in the 2nd quarter worth about $217,000. Finally, LS Investment Advisors LLC lifted its holdings in shares of Apartment Investment and Management by 8.6% in the 2nd quarter. LS Investment Advisors LLC now owns 6,615 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 98.30% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another publication, it was illegally copied and republished in violation of U.S. & international copyright law. The original version of this report can be read at https://www.watchlistnews.com/numeric-investors-llc-takes-position-in-apartment-investment-and-management-company-aiv/1623323.html.

Several research firms have recently issued reports on AIV. BidaskClub upgraded shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Mizuho lowered shares of 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 report on Monday, July 10th. Canaccord Genuity set a $50.00 target price on shares of Apartment Investment and Management and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Barclays PLC lowered their target price on shares of Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, July 18th. Finally, UBS AG lowered shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a report on Friday, September 8th. Two research 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. The stock has a consensus rating of “Hold” and an average price target of $46.90.

In other Apartment Investment and Management news, EVP Keith M. Kimmel sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the transaction, the executive vice president now owns 28,481 shares of the company’s stock, valued at $1,310,126. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.20% of the company’s stock.

Shares of Apartment Investment and Management Company (NYSE AIV) opened at 44.69 on Wednesday. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 35.19 and a beta of 0.46. Apartment Investment and Management Company has a one year low of $39.66 and a one year high of $46.86. The company’s 50-day moving average is $45.08 and its 200-day moving average is $44.30.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Apartment Investment and Management had a net margin of 20.64% and a return on equity of 12.46%. The company had revenue of $246.24 million for the quarter, compared to analysts’ expectations of $240.78 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Apartment Investment and Management’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts predict that Apartment Investment and Management Company will post $0.47 EPS for the current year.

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)

Receive News & Ratings for Apartment Investment and Management Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management Company and related companies with Analyst Ratings Network's FREE daily email newsletter.