State of New Jersey Common Pension Fund D continued to hold its position in Apartment Investment and Management Company (NYSE:AIV) during the second quarter, Holdings Channel reports. The fund owned 245,000 shares of the real estate investment trust’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Apartment Investment and Management were worth $10,528,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AIV. CIBC Asset Management Inc boosted its position in Apartment Investment and Management by 0.5% in the second quarter. CIBC Asset Management Inc now owns 13,451 shares of the real estate investment trust’s stock worth $578,000 after buying an additional 69 shares during the last quarter. KRV Capital LP boosted its position in Apartment Investment and Management by 66.0% in the second quarter. KRV Capital LP now owns 415,000 shares of the real estate investment trust’s stock worth $17,833,000 after buying an additional 165,000 shares during the last quarter. Presima Inc. boosted its position in Apartment Investment and Management by 53.5% in the second quarter. Presima Inc. now owns 1,379,400 shares of the real estate investment trust’s stock worth $59,273,000 after buying an additional 480,900 shares during the last quarter. ING Groep NV boosted its position 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 worth $346,000 after buying an additional 29 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Apartment Investment and Management during the second quarter worth about $1,605,000. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Apartment Investment and Management Company (NYSE:AIV) opened at 46.00 on Thursday. The stock’s 50 day moving average price is $43.93 and its 200-day moving average price is $44.19. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 36.22 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.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Apartment Investment and Management had a return on equity of 12.46% and a net margin of 20.64%. The company had revenue of $246.24 million for the quarter, compared to analyst estimates of $240.78 million. During the same period in the previous year, the company posted $0.59 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. Equities analysts anticipate that Apartment Investment and Management Company will post $0.50 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 18th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Wednesday, August 16th. Apartment Investment and Management’s dividend payout ratio (DPR) is 113.39%.

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A number of equities analysts have issued reports on the company. Canaccord Genuity set a $50.00 price target on Apartment Investment and Management and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research cut Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC cut their price target on Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating on the stock in a report on Tuesday, July 18th. Finally, Mizuho cut Apartment Investment and Management from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $45.00 to $42.00 in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $46.88.

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.

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

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