Signition LP Decreases Position in Apartment Investment and Management Co (AIV)

Signition LP cut its stake in Apartment Investment and Management Co (NYSE:AIV) by 61.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,107 shares of the real estate investment trust’s stock after selling 8,198 shares during the quarter. Signition LP’s holdings in Apartment Investment and Management were worth $225,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AIV. Quad Cities Investment Group LLC purchased a new position in Apartment Investment and Management in the 2nd quarter valued at about $150,000. Advisors Asset Management Inc. lifted its stake in Apartment Investment and Management by 114.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,122 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 2,200 shares in the last quarter. Shine Investment Advisory Services Inc. lifted its stake in Apartment Investment and Management by 104.8% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 4,690 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 2,400 shares in the last quarter. Carret Asset Management LLC purchased a new position in Apartment Investment and Management in the 2nd quarter valued at about $206,000. Finally, Virtu Financial LLC purchased a new position in Apartment Investment and Management in the 2nd quarter valued at about $235,000. 98.88% of the stock is currently owned by hedge funds and other institutional investors.

AIV opened at $43.80 on Tuesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.59 and a current ratio of 0.43. Apartment Investment and Management Co has a 1-year low of $37.97 and a 1-year high of $45.64. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 3.72 and a beta of 0.44.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $3.00. Apartment Investment and Management had a net margin of 92.50% and a return on equity of 55.25%. The business had revenue of $242.48 million for the quarter, compared to analyst estimates of $239.80 million. During the same period last year, the company posted $0.63 EPS. The business’s revenue was down 4.8% on a year-over-year basis. Sell-side analysts forecast that Apartment Investment and Management Co will post 2.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Thursday, November 15th. Apartment Investment and Management’s dividend payout ratio (DPR) is 62.04%.

In other Apartment Investment and Management news, insider Keith M. Kimmel sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $43.21, for a total value of $1,080,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

A number of research analysts recently weighed in on AIV shares. TheStreet raised shares of Apartment Investment and Management from a “c+” rating to a “b” rating in a research note on Thursday, November 1st. Jefferies Financial Group raised their price target on shares of Apartment Investment and Management from $42.00 to $46.00 and gave the company a “hold” rating in a research note on Thursday, August 16th. Zacks Investment Research raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Mizuho reaffirmed a “hold” rating and issued a $44.00 price target on shares of Apartment Investment and Management in a research note on Monday, August 6th. Finally, Scotiabank started coverage on shares of Apartment Investment and Management in a research note on Tuesday, October 16th. They issued an “underperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $45.75.

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Apartment Investment and Management Profile

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 133 communities in 17 states and the District of Columbia.

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

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