120,478 Shares in Apartment Investment and Management Co (AIV) Purchased by Two Sigma Investments LP

Two Sigma Investments LP purchased a new stake in Apartment Investment and Management Co (NYSE:AIV) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 120,478 shares of the real estate investment trust’s stock, valued at approximately $5,287,000. Two Sigma Investments LP owned about 0.08% of Apartment Investment and Management at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AIV. Securian Asset Management Inc increased its stake in Apartment Investment and Management by 1.3% during the 4th quarter. Securian Asset Management Inc now owns 16,050 shares of the real estate investment trust’s stock worth $704,000 after purchasing an additional 210 shares in the last quarter. Private Capital Group LLC boosted its position in Apartment Investment and Management by 24.5% during the 4th quarter. Private Capital Group LLC now owns 1,101 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 217 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Apartment Investment and Management by 3.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 9,265 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 299 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in Apartment Investment and Management by 3.4% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 10,779 shares of the real estate investment trust’s stock worth $473,000 after acquiring an additional 354 shares during the last quarter. Finally, Altshuler Shaham Ltd acquired a new position in Apartment Investment and Management during the 4th quarter worth approximately $26,000.

In related news, insider Lisa R. Cohn sold 1,879 shares of the stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $48.64, for a total value of $91,394.56. Following the sale, the insider now owns 72,923 shares in the company, valued at approximately $3,546,974.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Terry Considine sold 100,000 shares of the stock in a transaction on Monday, February 11th. The shares were sold at an average price of $49.28, for a total value of $4,928,000.00. Following the completion of the sale, the chief executive officer now owns 378,365 shares in the company, valued at approximately $18,645,827.20. The disclosure for this sale can be found here. In the last three months, insiders sold 167,177 shares of company stock valued at $8,248,379. 2.83% of the stock is currently owned by insiders.

NYSE AIV opened at $50.03 on Tuesday. The company has a market capitalization of $7.21 billion, a PE ratio of 19.62, a P/E/G ratio of 3.76 and a beta of 0.67. The company has a debt-to-equity ratio of 2.49, a current ratio of 0.32 and a quick ratio of 0.32. Apartment Investment and Management Co has a 12 month low of $38.54 and a 12 month high of $50.89.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.61). The company had revenue of $232.00 million during the quarter, compared to analyst estimates of $234.44 million. Apartment Investment and Management had a net margin of 68.29% and a return on equity of 39.20%. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. On average, sell-side analysts forecast that Apartment Investment and Management Co will post 2.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 22nd were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.12%. The ex-dividend date was Thursday, February 21st. This is an increase from Apartment Investment and Management’s previous quarterly dividend of $0.38. Apartment Investment and Management’s dividend payout ratio is presently 61.18%.

AIV has been the subject of a number of recent research reports. Zacks Investment Research raised Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Wednesday, January 23rd. BMO Capital Markets reaffirmed a “hold” rating and set a $54.00 price target on shares of Apartment Investment and Management in a research report on Monday. Wells Fargo & Co reaffirmed a “buy” rating on shares of Apartment Investment and Management in a research report on Monday, March 4th. SunTrust Banks downgraded Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research report on Monday, February 25th. They noted that the move was a valuation call. Finally, Barclays downgraded Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 price target for the company. in a research report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.00.

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Apartment Investment and Management Company 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 132 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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