Pacer Advisors Inc. Has $1.46 Million Holdings in Apartment Investment and Management Company (AIV)

Pacer Advisors Inc. boosted its stake in Apartment Investment and Management Company (NYSE:AIV) by 11.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,304 shares of the real estate investment trust’s stock after acquiring an additional 3,406 shares during the quarter. Pacer Advisors Inc.’s holdings in Apartment Investment and Management were worth $1,461,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Calamos Advisors LLC boosted its holdings in 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 acquiring an additional 2,914 shares during the period. SG Americas Securities LLC boosted its holdings in Apartment Investment and Management by 50.4% in the 2nd quarter. SG Americas Securities LLC now owns 40,041 shares of the real estate investment trust’s stock worth $1,721,000 after acquiring an additional 13,410 shares during the period. Westpac Banking Corp boosted its holdings in Apartment Investment and Management by 9.8% in the 2nd quarter. Westpac Banking Corp now owns 189,853 shares of the real estate investment trust’s stock worth $8,158,000 after acquiring an additional 16,870 shares during the period. Delta Lloyd Asset Management N.V. purchased a new position in Apartment Investment and Management in the 2nd quarter worth approximately $1,917,000. Finally, Principal Financial Group Inc. boosted its holdings in Apartment Investment and Management by 10.4% in the 2nd quarter. Principal Financial Group Inc. now owns 7,481,959 shares of the real estate investment trust’s stock worth $321,500,000 after acquiring an additional 701,904 shares during the period. Hedge funds and other institutional investors own 97.03% of the company’s stock.

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 stock was 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 of the company’s stock, valued at approximately $1,310,126. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Terry Considine sold 111,577 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total value of $4,910,503.77. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

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A number of research firms have weighed in on AIV. Robert W. Baird restated a “hold” rating and issued a $46.00 price target on shares of Apartment Investment and Management in a report on Tuesday, October 17th. BidaskClub upgraded Apartment Investment and Management from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research raised Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Monday, July 24th. Canaccord Genuity set a $50.00 target price on Apartment Investment and Management and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets reaffirmed a “sell” rating on shares of Apartment Investment and Management in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Apartment Investment and Management has a consensus rating of “Hold” and a consensus price target of $47.67.

Shares of Apartment Investment and Management Company (NYSE AIV) traded up $0.06 on Tuesday, hitting $44.25. The company’s stock had a trading volume of 754,700 shares, compared to its average volume of 1,079,733. Apartment Investment and Management Company has a one year low of $39.66 and a one year high of $46.85. The firm has a market cap of $6,938.86, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 2.66 and a beta of 0.47. 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 (NYSE:AIV) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.51). The firm had revenue of $254.64 million for the quarter, compared to analyst estimates of $249.17 million. Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.81%. During the same period in the prior year, the company posted $0.54 earnings per share. analysts anticipate that Apartment Investment and Management Company will post 2.44 earnings per share for the current year.

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

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

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