Apartment Investment and Management Company (AIV) Shares Sold by Virtu KCG Holdings LLC

Virtu KCG Holdings LLC lessened its holdings in shares of Apartment Investment and Management Company (NYSE:AIV) by 39.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,482 shares of the real estate investment trust’s stock after selling 4,861 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Apartment Investment and Management were worth $322,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AIV. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Apartment Investment and Management by 190.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 1,900 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of Apartment Investment and Management in the 2nd quarter worth approximately $124,000. Raymond James Trust N.A. purchased a new position in shares of Apartment Investment and Management in the 2nd quarter worth approximately $217,000. LS Investment Advisors LLC boosted its holdings in shares of Apartment Investment and Management by 8.6% in the 2nd quarter. LS Investment Advisors LLC now owns 6,615 shares of the real estate investment trust’s stock worth $284,000 after purchasing an additional 523 shares during the period. Finally, ING Groep NV boosted its holdings in shares of Apartment Investment and Management by 0.4% in the 2nd quarter. ING Groep NV now owns 8,048 shares of the real estate investment trust’s stock worth $346,000 after purchasing an additional 29 shares during the period. 98.20% of the stock is currently owned by institutional investors.

In related news, EVP Keith M. Kimmel sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the sale, the executive vice president now owns 28,481 shares in the company, valued at approximately $1,310,126. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

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AIV has been the subject of a number of research analyst reports. Zacks Investment Research lowered Apartment Investment and Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. UBS AG lowered Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a research note on Friday, September 8th. Mizuho lowered Apartment Investment and Management from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $45.00 to $42.00 in a research note on Monday, July 10th. Robert W. Baird reaffirmed a “hold” rating and set a $46.00 target price on shares of Apartment Investment and Management in a research report on Tuesday, September 12th. Finally, BidaskClub raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $46.90.

Shares of Apartment Investment and Management Company (NYSE AIV) traded up 2.35% on Friday, reaching $44.37. The company had a trading volume of 1,599,794 shares. Apartment Investment and Management Company has a 12 month low of $39.66 and a 12 month high of $46.86. The firm has a market capitalization of $6.97 billion, a PE ratio of 34.94 and a beta of 0.46. The firm’s 50 day moving average is $44.74 and its 200 day moving average is $44.29.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.51). The company had revenue of $254.64 million during the quarter, compared to the consensus estimate of $249.17 million. Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.13%. During the same quarter last year, the business earned $0.54 earnings per share. On average, equities research analysts expect that Apartment Investment and Management Company will post $0.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, November 16th. Apartment Investment and Management’s payout ratio is 109.92%.

About Apartment Investment and Management

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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