Apartment Investment and Management Co (AIV) Shares Sold by US Bancorp DE

US Bancorp DE reduced its holdings in Apartment Investment and Management Co (NYSE:AIV) by 5.0% during the fourth quarter, Holdings Channel reports. The fund owned 67,447 shares of the real estate investment trust’s stock after selling 3,535 shares during the quarter. US Bancorp DE’s holdings in Apartment Investment and Management were worth $2,948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Sentry Investment Management LLC increased its stake in Apartment Investment and Management by 1.1% in the 2nd quarter. Sentry Investment Management LLC now owns 12,340 shares of the real estate investment trust’s stock worth $530,000 after acquiring an additional 130 shares during the last quarter. Prudential Financial Inc. increased its stake in Apartment Investment and Management by 0.5% in the 3rd quarter. Prudential Financial Inc. now owns 218,524 shares of the real estate investment trust’s stock worth $9,584,000 after acquiring an additional 1,160 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Apartment Investment and Management by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 249,199 shares of the real estate investment trust’s stock worth $10,930,000 after acquiring an additional 1,361 shares during the last quarter. Boston Advisors LLC increased its stake in Apartment Investment and Management by 0.8% in the 3rd quarter. Boston Advisors LLC now owns 184,551 shares of the real estate investment trust’s stock worth $8,094,000 after acquiring an additional 1,475 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in Apartment Investment and Management by 3.3% in the 3rd quarter. Toronto Dominion Bank now owns 52,933 shares of the real estate investment trust’s stock worth $2,321,000 after acquiring an additional 1,670 shares during the last quarter. Institutional investors and hedge funds own 99.74% of the company’s stock.

A number of equities analysts have weighed in on AIV shares. Zacks Investment Research upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. BMO Capital Markets restated a “sell” rating on shares of Apartment Investment and Management in a research note on Friday, October 27th. Mizuho upgraded Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 target price on the stock in a research note on Monday, November 6th. TheStreet lowered Apartment Investment and Management from a “b-” rating to a “c+” rating in a research note on Friday, November 3rd. Finally, Raymond James Financial lowered Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $52.00 to $50.00 in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $46.64.

In related news, insider Lisa R. Cohn sold 2,858 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $41.80, for a total transaction of $119,464.40. Following the completion of the sale, the insider now directly owns 53,071 shares in the company, valued at approximately $2,218,367.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Miles Cortez sold 2,587 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $41.90, for a total value of $108,395.30. Following the sale, the executive vice president now owns 102,456 shares of the company’s stock, valued at $4,292,906.40. The disclosure for this sale can be found here. Insiders sold a total of 23,534 shares of company stock valued at $979,784 over the last quarter. Company insiders own 1.20% of the company’s stock.

Apartment Investment and Management Co (NYSE AIV) opened at $38.70 on Thursday. Apartment Investment and Management Co has a fifty-two week low of $38.19 and a fifty-two week high of $46.85. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 2.67. The stock has a market capitalization of $6,146.42, a PE ratio of 16.03, a PEG ratio of 2.60 and a beta of 0.41.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. Apartment Investment and Management had a return on equity of 21.25% and a net margin of 31.19%. The firm had revenue of $250.23 million during the quarter, compared to analysts’ expectations of $243.24 million. During the same period in the prior year, the business earned $0.60 EPS. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. research analysts anticipate that Apartment Investment and Management Co will post 2.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be issued a $0.38 dividend. This is a boost from Apartment Investment and Management’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Thursday, February 15th. Apartment Investment and Management’s dividend payout ratio is presently 73.85%.

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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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