Public Employees Retirement Association of Colorado cut its stake in shares of Apartment Investment and Management Company (NYSE:AIV) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 35,416 shares of the real estate investment trust’s stock after selling 31 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Apartment Investment and Management were worth $1,522,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. ING Groep NV boosted its stake in Apartment Investment and Management by 0.4% in the second quarter. ING Groep NV now owns 8,048 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 29 shares during the period. New Mexico Educational Retirement Board boosted its stake in Apartment Investment and Management by 0.3% in the first quarter. New Mexico Educational Retirement Board now owns 37,483 shares of the real estate investment trust’s stock valued at $1,663,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its stake in Apartment Investment and Management by 0.3% in the first quarter. Arizona State Retirement System now owns 38,916 shares of the real estate investment trust’s stock valued at $1,726,000 after buying an additional 100 shares during the period. Transamerica Financial Advisors Inc. boosted its stake in Apartment Investment and Management by 1.0% in the first quarter. Transamerica Financial Advisors Inc. now owns 14,744 shares of the real estate investment trust’s stock valued at $654,000 after buying an additional 152 shares during the period. Finally, Hartford Investment Management Co. boosted its stake in Apartment Investment and Management by 0.5% in the first quarter. Hartford Investment Management Co. now owns 36,458 shares of the real estate investment trust’s stock valued at $1,617,000 after buying an additional 173 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Company (NYSE:AIV) opened at 45.55 on Friday. The stock has a market cap of $7.15 billion, a PE ratio of 35.87 and a beta of 0.44. Apartment Investment and Management Company has a 12 month low of $39.66 and a 12 month high of $47.91. The company has a 50-day moving average of $44.03 and a 200-day moving average of $44.21.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $246.24 million during the quarter, compared to analyst estimates of $240.78 million. During the same quarter last year, the business earned $0.59 earnings per share. Apartment Investment and Management’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts forecast that Apartment Investment and Management Company will post $0.50 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 18th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, August 16th. This represents a $1.44 annualized dividend and a yield of 3.16%. Apartment Investment and Management’s dividend payout ratio (DPR) is currently 113.39%.

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Several analysts have recently weighed in on AIV shares. Barclays PLC raised their price objective on shares of Apartment Investment and Management from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. Mizuho cut shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $50.00 to $45.00 in a research report on Monday, May 1st. Canaccord Genuity lowered their price objective on shares of Apartment Investment and Management from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, May 2nd. Zacks Investment Research cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Finally, BMO Capital Markets restated a “sell” rating and set a $42.00 price objective on shares of Apartment Investment and Management in a research report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $46.88.

About Apartment Investment and Management

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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