WINTON GROUP Ltd purchased a new position in shares of Apartment Investment and Management Co (NYSE:AIV) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 142,656 shares of the real estate investment trust’s stock, valued at approximately $6,034,000. WINTON GROUP Ltd owned 0.09% of Apartment Investment and Management as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Calamos Advisors LLC grew its holdings in Apartment Investment and Management by 22.6% during the second quarter. Calamos Advisors LLC now owns 100,116 shares of the real estate investment trust’s stock worth $4,235,000 after purchasing an additional 18,480 shares during the period. Signition LP bought a new position in Apartment Investment and Management during the second quarter worth about $563,000. Sei Investments Co. grew its holdings in Apartment Investment and Management by 12.3% during the second quarter. Sei Investments Co. now owns 453,700 shares of the real estate investment trust’s stock worth $19,191,000 after purchasing an additional 49,523 shares during the period. Schroder Investment Management Group grew its holdings in Apartment Investment and Management by 1,223.0% during the first quarter. Schroder Investment Management Group now owns 335,459 shares of the real estate investment trust’s stock worth $13,670,000 after purchasing an additional 310,104 shares during the period. Finally, Shine Investment Advisory Services Inc. grew its holdings in Apartment Investment and Management by 104.8% during the second quarter. Shine Investment Advisory Services Inc. now owns 4,690 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 2,400 shares during the period. Institutional investors and hedge funds own 98.80% of the company’s stock.

Shares of AIV stock opened at $44.63 on Friday. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.59 and a quick ratio of 0.59. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 3.83 and a beta of 0.41. Apartment Investment and Management Co has a 12-month low of $37.97 and a 12-month high of $45.64.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.60). The company had revenue of $250.13 million for the quarter, compared to analyst estimates of $242.93 million. Apartment Investment and Management had a return on equity of 25.11% and a net margin of 36.78%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. sell-side analysts anticipate that Apartment Investment and Management Co will post 2.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 17th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $1.52 annualized dividend and a yield of 3.41%. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 62.04%.

In other Apartment Investment and Management news, insider Keith M. Kimmel sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $43.21, for a total transaction of $1,080,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research cut Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. SunTrust Banks reiterated a “buy” rating and set a $45.00 price target on shares of Apartment Investment and Management in a report on Wednesday, June 27th. Mizuho restated a “hold” rating and set a $44.00 price objective on shares of Apartment Investment and Management in a research report on Monday, August 6th. ValuEngine upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Thursday, May 31st. Finally, Jefferies Financial Group raised their price objective on shares of Apartment Investment and Management from $42.00 to $46.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.75.

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 133 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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