Apartment Investment and Management Company (NYSE:AIV) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its holdings in Apartment Investment and Management Company (NYSE:AIV) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,575 shares of the real estate investment trust’s stock after purchasing an additional 5,672 shares during the period. The Manufacturers Life Insurance Company owned about 0.10% of Apartment Investment and Management worth $7,028,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Schroder Investment Management Group acquired a new position in shares of Apartment Investment and Management during the 2nd quarter worth approximately $124,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Apartment Investment and Management by 190.0% in the first 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 purchasing an additional 1,900 shares during the period. Raymond James Trust N.A. purchased a new stake in Apartment Investment and Management in the second quarter valued at approximately $217,000. Shelton Capital Management purchased a new stake in Apartment Investment and Management in the second quarter valued at approximately $246,000. Finally, LS Investment Advisors LLC raised its position in Apartment Investment and Management by 8.6% in the second quarter. LS Investment Advisors LLC now owns 6,615 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 523 shares during the period. Hedge funds and other institutional investors own 98.78% of the company’s stock.

AIV has been the topic of a number of research analyst reports. Barclays PLC cut their target price on Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 18th. Zacks Investment Research upgraded shares of Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Monday, July 24th. BidaskClub upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Canaccord Genuity set a $50.00 target price on shares of Apartment Investment and Management and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, UBS AG cut shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $47.40.

Apartment Investment and Management Company (AIV) traded down $0.08 during trading on Friday, reaching $45.13. 764,800 shares of the company traded hands, compared to its average volume of 1,074,229. Apartment Investment and Management Company has a 12-month low of $39.66 and a 12-month high of $46.85. The stock has a market cap of $7,070.00, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 2.68 and a beta of 0.47. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.59 and a quick ratio of 0.59.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.51). Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. The company had revenue of $254.64 million during the quarter, compared to the consensus estimate of $249.17 million. During the same period in the previous year, the firm posted $0.54 EPS. sell-side analysts predict that Apartment Investment and Management Company will post 2.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders 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 yield of 3.19%. The ex-dividend date of this dividend is Thursday, November 16th. Apartment Investment and Management’s payout ratio is 464.52%.

In other Apartment Investment and Management news, EVP Keith M. Kimmel sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the sale, the executive vice president now directly owns 28,481 shares in the company, valued at approximately $1,310,126. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Terry Considine sold 111,577 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

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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.

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

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