Russell Investments Group Ltd. grew its holdings in Apartment Investment and Management Company (NYSE:AIV) by 125.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 615,125 shares of the real estate investment trust’s stock after acquiring an additional 342,028 shares during the period. Russell Investments Group Ltd. owned about 0.39% of Apartment Investment and Management worth $26,984,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. LS Investment Advisors LLC increased its stake in Apartment Investment and Management by 8.6% during the 2nd quarter. LS Investment Advisors LLC now owns 6,615 shares of the real estate investment trust’s stock worth $284,000 after buying an additional 523 shares during the period. Aperio Group LLC increased its stake in Apartment Investment and Management by 15.4% during the 2nd quarter. Aperio Group LLC now owns 44,735 shares of the real estate investment trust’s stock worth $1,922,000 after buying an additional 5,962 shares during the period. Forsta AP Fonden increased its stake in Apartment Investment and Management by 159.6% during the 2nd quarter. Forsta AP Fonden now owns 47,500 shares of the real estate investment trust’s stock worth $2,041,000 after buying an additional 29,200 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in Apartment Investment and Management during the 2nd quarter worth $1,605,000. Finally, ING Groep NV increased its stake in Apartment Investment and Management by 0.4% during the 2nd quarter. ING Groep NV now owns 8,048 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 29 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

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In other Apartment Investment and Management news, CEO Terry Considine sold 111,577 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total transaction of $4,910,503.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

Several research firms recently issued reports on AIV. TheStreet downgraded shares of Apartment Investment and Management from a “b-” rating to a “c+” rating in a research note on Friday, November 3rd. Mizuho raised shares of Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 price target on the stock in a research note on Monday, November 6th. BMO Capital Markets reaffirmed a “sell” rating on shares of Apartment Investment and Management in a research note on Friday, October 27th. Zacks Investment Research raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $46.00 price target on shares of Apartment Investment and Management in a research note on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $47.67.

Apartment Investment and Management Company (NYSE:AIV) opened at $44.64 on Friday. The firm has a market cap of $7,009.52, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 2.69 and a beta of 0.47. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.35. Apartment Investment and Management Company has a fifty-two week low of $40.02 and a fifty-two week high of $46.85.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $249.17 million. Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. During the same period in the prior year, the business earned $0.54 earnings per share. sell-side analysts predict that Apartment Investment and Management Company will post 2.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, November 16th. Apartment Investment and Management’s dividend payout ratio is currently 109.92%.

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.

Institutional Ownership by Quarter for Apartment Investment and Management (NYSE:AIV)

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