Raymond James Trust N.A. boosted its holdings in shares of Apartment Investment and Management Co (NYSE:AIV) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,387 shares of the real estate investment trust’s stock after acquiring an additional 404 shares during the period. Raymond James Trust N.A.’s holdings in Apartment Investment and Management were worth $220,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swiss National Bank grew its stake in Apartment Investment and Management by 4.1% during the 1st quarter. Swiss National Bank now owns 289,739 shares of the real estate investment trust’s stock valued at $14,571,000 after acquiring an additional 11,539 shares in the last quarter. Norges Bank purchased a new stake in shares of Apartment Investment and Management in the 4th quarter valued at approximately $72,158,000. LPL Financial LLC purchased a new stake in shares of Apartment Investment and Management in the 4th quarter valued at approximately $576,000. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Apartment Investment and Management by 12.4% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,022 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 887 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Apartment Investment and Management by 124.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 242,657 shares of the real estate investment trust’s stock valued at $12,203,000 after buying an additional 134,482 shares during the period. 96.57% of the stock is owned by institutional investors.

Several research firms have recently weighed in on AIV. BMO Capital Markets reissued a “hold” rating and issued a $54.00 price target on shares of Apartment Investment and Management in a research note on Monday, March 25th. Barclays set a €45.00 ($52.33) price target on shares of Zalando and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Zacks Investment Research cut shares of Great Portland Estates from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $49.43.

In other Apartment Investment and Management news, insider Miles Cortez sold 6,205 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $50.30, for a total transaction of $312,111.50. Following the sale, the insider now directly owns 101,876 shares in the company, valued at approximately $5,124,362.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.83% of the stock is owned by corporate insiders.

Shares of AIV stock traded up $0.33 during trading hours on Tuesday, hitting $49.78. The company had a trading volume of 82,820 shares, compared to its average volume of 894,971. The business’s fifty day moving average is $50.94. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.14. Apartment Investment and Management Co has a fifty-two week low of $41.18 and a fifty-two week high of $52.49. The firm has a market capitalization of $7.38 billion, a PE ratio of 19.55, a PEG ratio of 3.73 and a beta of 0.55.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.61 EPS for the quarter, hitting the consensus estimate of $0.61. Apartment Investment and Management had a net margin of 89.47% and a return on equity of 48.32%. The firm had revenue of $230.24 million for the quarter, compared to analyst estimates of $226.53 million. During the same period in the prior year, the business posted $0.59 EPS. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. Equities research analysts expect that Apartment Investment and Management Co will post 2.49 earnings per share for the current year.

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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