Green Street Investors LLC raised its holdings in Apartment Investment and Management Co (NYSE:AIV) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221,250 shares of the real estate investment trust’s stock after acquiring an additional 28,000 shares during the quarter. Apartment Investment and Management comprises approximately 5.5% of Green Street Investors LLC’s holdings, making the stock its 7th largest position. Green Street Investors LLC owned about 0.14% of Apartment Investment and Management worth $9,708,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of AIV. Securian Asset Management Inc raised its position in shares of Apartment Investment and Management by 1.3% in the fourth quarter. Securian Asset Management Inc now owns 16,050 shares of the real estate investment trust’s stock valued at $704,000 after purchasing an additional 210 shares during the period. Private Capital Group LLC raised its position in shares of Apartment Investment and Management by 24.5% in the fourth quarter. Private Capital Group LLC now owns 1,101 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 217 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Apartment Investment and Management by 3.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 9,265 shares of the real estate investment trust’s stock valued at $407,000 after purchasing an additional 299 shares during the period. Nissay Asset Management Corp Japan ADV raised its position in shares of Apartment Investment and Management by 3.4% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 10,779 shares of the real estate investment trust’s stock valued at $473,000 after purchasing an additional 354 shares during the period. Finally, Dupont Capital Management Corp raised its position in shares of Apartment Investment and Management by 38.0% in the fourth quarter. Dupont Capital Management Corp now owns 2,262 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 623 shares during the period. Hedge funds and other institutional investors own 99.06% of the company’s stock.
Get Apartment Investment and Management alerts:In other Apartment Investment and Management news, EVP Keith M. Kimmel sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $49.55, for a total value of $1,238,750.00. Following the sale, the executive vice president now owns 28,753 shares of the company’s stock, valued at approximately $1,424,711.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas L. Keltner sold 3,500 shares of the business’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $46.67, for a total transaction of $163,345.00. Following the completion of the sale, the director now directly owns 37,829 shares in the company, valued at approximately $1,765,479.43. The disclosure for this sale can be found here. Insiders sold a total of 150,405 shares of company stock worth $7,405,422 in the last three months. Insiders own 1.20% of the company’s stock.
Shares of Apartment Investment and Management stock opened at $49.15 on Thursday. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 3.73 and a beta of 0.71. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.43 and a current ratio of 0.32. Apartment Investment and Management Co has a 52-week low of $37.97 and a 52-week high of $49.94.
Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Monday, February 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.61). The business had revenue of $232.00 million during the quarter, compared to the consensus estimate of $234.44 million. Apartment Investment and Management had a net margin of 68.29% and a return on equity of 39.20%. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm earned $1.67 EPS. Analysts expect that Apartment Investment and Management Co will post 2.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, February 22nd will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.17%. The ex-dividend date is Thursday, February 21st. This is a positive change from Apartment Investment and Management’s previous quarterly dividend of $0.38. Apartment Investment and Management’s payout ratio is 61.54%.
A number of research firms have recently commented on AIV. BMO Capital Markets reissued a “hold” rating and issued a $47.00 price target on shares of Apartment Investment and Management in a research report on Monday, February 4th. Barclays lowered shares of Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 target price on the stock. in a research report on Monday, February 4th. Zacks Investment Research raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Wednesday, January 23rd. Finally, ValuEngine raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Apartment Investment and Management currently has a consensus rating of “Hold” and a consensus price target of $47.75.
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Apartment Investment and Management Profile
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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