Apartment Investment and Management Company (AIV) Stake Lowered by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System decreased its stake in shares of Apartment Investment and Management Company (NYSE:AIV) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 246,313 shares of the real estate investment trust’s stock after selling 3,340 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.16% of Apartment Investment and Management worth $10,803,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Westpac Banking Corp lifted its holdings in shares of Apartment Investment and Management by 120.9% in the 3rd quarter. Westpac Banking Corp now owns 419,443 shares of the real estate investment trust’s stock worth $18,397,000 after purchasing an additional 229,590 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Apartment Investment and Management in the 3rd quarter worth $1,206,000. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Apartment Investment and Management by 232.1% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 20,573 shares of the real estate investment trust’s stock worth $902,000 after purchasing an additional 14,378 shares in the last quarter. Honeywell International Inc. lifted its holdings in shares of Apartment Investment and Management by 27.8% in the 3rd quarter. Honeywell International Inc. now owns 49,465 shares of the real estate investment trust’s stock worth $2,170,000 after purchasing an additional 10,745 shares in the last quarter. Finally, Calamos Advisors LLC lifted its holdings in shares of Apartment Investment and Management by 3.8% in the 3rd quarter. Calamos Advisors LLC now owns 79,448 shares of the real estate investment trust’s stock worth $3,485,000 after purchasing an additional 2,914 shares in the last quarter. 98.78% of the stock is owned by institutional investors.

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A number of equities analysts recently issued reports on AIV shares. Zacks Investment Research upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. UBS AG cut Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a report on Friday, September 8th. Robert W. Baird restated a “hold” rating and set a $46.00 price objective on shares of Apartment Investment and Management in a research note on Tuesday, September 12th. BidaskClub upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Barclays PLC dropped their price objective on Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $47.40.

In other news, CEO Terry Considine sold 111,577 shares of Apartment Investment and Management stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $44.01, for a total transaction of $4,910,503.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Keith M. Kimmel sold 10,000 shares of Apartment Investment and Management stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the sale, the executive vice president now owns 28,481 shares in the company, valued at $1,310,126. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Apartment Investment and Management Company (AIV) opened at $45.13 on Friday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.59 and a current ratio of 0.59. Apartment Investment and Management Company has a 52 week low of $39.66 and a 52 week high of $46.85. The firm has a market capitalization of $7,086.45, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 2.68 and a beta of 0.47.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.51). The business had revenue of $254.64 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm earned $0.54 earnings per share. equities research analysts anticipate that Apartment Investment and Management Company will post 2.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Thursday, November 16th. Apartment Investment and Management’s payout ratio is 109.92%.

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.

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

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