Public Employees Retirement System of Ohio lifted its holdings in shares of Apartment Investment and Management Company (NYSE:AIV) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,199 shares of the real estate investment trust’s stock after buying an additional 1,361 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.16% of Apartment Investment and Management worth $10,930,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. BlackRock Inc. grew its position in shares of Apartment Investment and Management by 2.9% during the 2nd quarter. BlackRock Inc. now owns 12,834,106 shares of the real estate investment trust’s stock worth $551,483,000 after buying an additional 362,331 shares during the period. Principal Financial Group Inc. grew its holdings in Apartment Investment and Management by 4.5% during the third quarter. Principal Financial Group Inc. now owns 7,819,386 shares of the real estate investment trust’s stock valued at $342,958,000 after purchasing an additional 337,427 shares during the period. Renaissance Technologies LLC grew its holdings in Apartment Investment and Management by 86.0% during the second quarter. Renaissance Technologies LLC now owns 4,072,785 shares of the real estate investment trust’s stock valued at $175,008,000 after purchasing an additional 1,883,585 shares during the period. Dimensional Fund Advisors LP grew its holdings in Apartment Investment and Management by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,282,817 shares of the real estate investment trust’s stock valued at $100,124,000 after purchasing an additional 74,305 shares during the period. Finally, Uniplan Investment Counsel Inc. grew its holdings in Apartment Investment and Management by 2.0% during the third quarter. Uniplan Investment Counsel Inc. now owns 886,931 shares of the real estate investment trust’s stock valued at $38,900,000 after purchasing an additional 17,743 shares during the period. Institutional investors own 98.18% of the company’s stock.

A number of brokerages recently issued reports on AIV. Robert W. Baird restated a “hold” rating and set a $46.00 price objective on shares of Apartment Investment and Management in a report on Tuesday, October 17th. Zacks Investment Research cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Raymond James Financial cut shares of Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $52.00 to $50.00 in a report on Tuesday, December 12th. BMO Capital Markets restated a “sell” rating and set a $44.00 price objective on shares of Apartment Investment and Management in a report on Monday, November 27th. Finally, TheStreet cut shares of Apartment Investment and Management from a “b-” rating to a “c+” rating in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. Apartment Investment and Management has an average rating of “Hold” and an average price target of $48.10.

In other news, CEO Terry Considine sold 111,577 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total value of $4,910,503.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John E. Bezzant sold 7,564 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $44.77, for a total transaction of $338,640.28. Following the completion of the transaction, the insider now owns 48,422 shares of the company’s stock, valued at approximately $2,167,852.94. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Apartment Investment and Management Company (NYSE AIV) opened at $43.24 on Wednesday. The firm has a market cap of $6,943.57, a P/E ratio of 18.27, a PEG ratio of 2.66 and a beta of 0.46. Apartment Investment and Management Company has a 1-year low of $41.87 and a 1-year high of $46.85. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.35.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.51). The company had revenue of $254.64 million during the quarter, compared to analyst estimates of $249.17 million. Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.81%. During the same quarter last year, the company earned $0.54 EPS. sell-side analysts expect that Apartment Investment and Management Company will post 2.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 17th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Thursday, November 16th. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 109.92%.

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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)

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