State of Alaska Department of Revenue Has $5.53 Million Position in Apartment Investment and Management Company (AIV)

State of Alaska Department of Revenue increased its position in Apartment Investment and Management Company (NYSE:AIV) by 30.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,601 shares of the real estate investment trust’s stock after buying an additional 29,745 shares during the quarter. State of Alaska Department of Revenue owned 0.08% of Apartment Investment and Management worth $5,532,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Calamos Advisors LLC increased its stake in shares of Apartment Investment and Management by 3.8% in the third quarter. Calamos Advisors LLC now owns 79,448 shares of the real estate investment trust’s stock worth $3,485,000 after buying an additional 2,914 shares during the period. AMP Capital Investors Ltd increased its stake in shares of Apartment Investment and Management by 23.7% in the third quarter. AMP Capital Investors Ltd now owns 65,681 shares of the real estate investment trust’s stock worth $2,880,000 after buying an additional 12,565 shares during the period. BlackRock Inc. increased its stake in shares of Apartment Investment and Management by 2.9% in the second quarter. BlackRock Inc. now owns 12,834,106 shares of the real estate investment trust’s stock worth $551,483,000 after buying an additional 362,331 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Apartment Investment and Management by 23.8% in the second quarter. Parametric Portfolio Associates LLC now owns 358,390 shares of the real estate investment trust’s stock worth $15,400,000 after buying an additional 68,936 shares during the period. Finally, Toronto Dominion Bank increased its stake in shares of Apartment Investment and Management by 26.1% in the second quarter. Toronto Dominion Bank now owns 51,263 shares of the real estate investment trust’s stock worth $2,203,000 after buying an additional 10,608 shares during the period.

In other news, CEO Terry Considine sold 111,577 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total transaction of $4,910,503.77. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John E. Bezzant sold 7,564 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $44.77, for a total transaction of $338,640.28. Following the sale, the insider now owns 48,422 shares in the company, valued at approximately $2,167,852.94. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several brokerages recently commented on AIV. Robert W. Baird reaffirmed a “hold” rating and issued a $46.00 target price on shares of Apartment Investment and Management in a research note on Tuesday, October 17th. Zacks Investment Research downgraded shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Raymond James Financial cut shares of Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $52.00 to $50.00 in a report on Tuesday, December 12th. BMO Capital Markets reiterated a “sell” rating and issued a $44.00 price target on shares of Apartment Investment and Management in a report on Monday, November 27th. Finally, TheStreet cut shares of Apartment Investment and Management from a “b-” rating to a “c+” rating in a report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $47.70.

Shares of Apartment Investment and Management Company (AIV) opened at $40.60 on Friday. The firm has a market cap of $6,375.13, a price-to-earnings ratio of 16.78, a P/E/G ratio of 2.35 and a beta of 0.46. Apartment Investment and Management Company has a fifty-two week low of $40.36 and a fifty-two week high of $46.85. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.35.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share 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 13.81%. During the same quarter last year, the firm earned $0.54 EPS. equities analysts expect that Apartment Investment and Management Company will post 2.45 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “State of Alaska Department of Revenue Has $5.53 Million Position in Apartment Investment and Management Company (AIV)” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2018/01/21/state-of-alaska-department-of-revenue-has-5-53-million-position-in-apartment-investment-and-management-company-aiv.html.

Apartment Investment and Management 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.

Want to see what other hedge funds are holding AIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apartment Investment and Management Company (NYSE:AIV).

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

Receive News & Ratings for Apartment Investment and Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply