Arizona State Retirement System boosted its position in Apartment Investment and Management Co. (NYSE:AIV) by 0.5% during the third quarter, Holdings Channel reports. The firm owned 38,616 shares of the real estate investment trust’s stock after buying an additional 200 shares during the period. Arizona State Retirement System’s holdings in Apartment Investment and Management were worth $1,773,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Quantitative Investment Management LLC boosted its stake in Apartment Investment and Management by 2.0% in the third quarter. Quantitative Investment Management LLC now owns 34,900 shares of the real estate investment trust’s stock worth $1,602,000 after buying an additional 700 shares during the period. First Trust Advisors LP boosted its stake in Apartment Investment and Management by 17.8% in the third quarter. First Trust Advisors LP now owns 101,434 shares of the real estate investment trust’s stock worth $4,657,000 after buying an additional 15,301 shares during the period. NEXT Financial Group Inc boosted its stake in Apartment Investment and Management by 12.0% in the third quarter. NEXT Financial Group Inc now owns 3,263 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 350 shares during the period. Mutual of America Capital Management LLC boosted its stake in Apartment Investment and Management by 4.3% in the third quarter. Mutual of America Capital Management LLC now owns 38,310 shares of the real estate investment trust’s stock worth $1,759,000 after buying an additional 1,593 shares during the period. Finally, LMR Partners LLP boosted its stake in Apartment Investment and Management by 2,621.9% in the third quarter. LMR Partners LLP now owns 160,754 shares of the real estate investment trust’s stock worth $7,380,000 after buying an additional 154,848 shares during the period.

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

Shares of Apartment Investment and Management Co. (NYSE:AIV) traded up 0.12% during midday trading on Wednesday, reaching $42.10. The company’s stock had a trading volume of 1,998,654 shares. The company has a market capitalization of $6.60 billion, a P/E ratio of 20.36 and a beta of 0.45. Apartment Investment and Management Co. has a 1-year low of $34.97 and a 1-year high of $47.91. The stock has a 50 day moving average of $42.54 and a 200-day moving average of $43.58.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, October 27th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.01. The company earned $244.12 million during the quarter, compared to analyst estimates of $239.45 million. Apartment Investment and Management had a net margin of 33.39% and a return on equity of 19.95%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS. On average, equities research analysts anticipate that Apartment Investment and Management Co. will post $2.31 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 18th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.14%. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 64.08%.

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A number of analysts have recently commented on the company. JPMorgan Chase & Co. reiterated a “hold” rating and set a $45.00 target price on shares of Apartment Investment and Management in a research report on Wednesday, November 16th. Zacks Investment Research upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Monday, November 14th. Mizuho upgraded Apartment Investment and Management from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $48.00 to $49.00 in a research report on Monday, October 31st. JMP Securities cut Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 20th. Finally, Canaccord Genuity raised their price target on Apartment Investment and Management from $41.00 to $47.00 and gave the stock a “hold” rating in a report on Tuesday, August 2nd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.78.

In other news, insider Keith M. Kimmel sold 3,000 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $39.81, for a total value of $119,430.00. Following the sale, the insider now owns 35,718 shares in the company, valued at approximately $1,421,933.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.71% of the stock is currently owned by insiders.

Apartment Investment and Management Company Profile

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust. The Company, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. Its segments include conventional real estate and affordable real estate.

5 Day Chart for NYSE:AIV

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