Swiss National Bank Has $11.69 Million Holdings in Apartment Investment and Management Co (AIV)

Swiss National Bank boosted its stake in Apartment Investment and Management Co (NYSE:AIV) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 267,500 shares of the real estate investment trust’s stock after purchasing an additional 5,900 shares during the period. Swiss National Bank’s holdings in Apartment Investment and Management were worth $11,692,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vident Investment Advisory LLC purchased a new position in Apartment Investment and Management in the 3rd quarter worth approximately $202,000. CAPROCK Group Inc. purchased a new position in Apartment Investment and Management in the 3rd quarter worth approximately $251,000. Lourd Capital LLC purchased a new position in Apartment Investment and Management in the 4th quarter worth approximately $375,000. Amica Retiree Medical Trust purchased a new position in Apartment Investment and Management in the 3rd quarter worth approximately $377,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in Apartment Investment and Management in the 4th quarter worth approximately $555,000. 98.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of Apartment Investment and Management Co (NYSE AIV) opened at $39.11 on Wednesday. The firm has a market capitalization of $6,210.57, a P/E ratio of 16.20, a PEG ratio of 2.63 and a beta of 0.41. Apartment Investment and Management Co has a 1 year low of $38.19 and a 1 year high of $46.85. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.65 and a quick ratio of 0.59.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.63. The firm had revenue of $250.23 million for the quarter, compared to analyst estimates of $243.24 million. Apartment Investment and Management had a return on equity of 21.25% and a net margin of 31.19%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. equities research analysts anticipate that Apartment Investment and Management Co will post 2.51 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be given a $0.38 dividend. This is a positive change from Apartment Investment and Management’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Thursday, February 15th. Apartment Investment and Management’s dividend payout ratio (DPR) is currently 77.95%.

In related news, insider Lisa R. Cohn sold 9,694 shares of Apartment Investment and Management stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $39.00, for a total transaction of $378,066.00. Following the sale, the insider now directly owns 82,139 shares in the company, valued at $3,203,421. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lisa R. Cohn sold 831 shares of Apartment Investment and Management stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $42.38, for a total value of $35,217.78. Following the sale, the executive vice president now owns 53,071 shares in the company, valued at $2,249,148.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,534 shares of company stock worth $979,784. Corporate insiders own 1.20% of the company’s stock.

A number of equities analysts have commented on AIV shares. Mizuho raised Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 price target on the stock in a research note on Monday, November 6th. Zacks Investment Research cut Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. TheStreet cut Apartment Investment and Management from a “b-” rating to a “c+” rating in a research note on Friday, November 3rd. SunTrust Banks raised Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Monday, January 22nd. Finally, Raymond James Financial cut Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $52.00 to $50.00 in a research note on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $46.64.

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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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