Teachers Insurance & Annuity Association of America Has $2.68 Million Stock Holdings in Apartment Investment and Management Co (NYSE:AIV)

Teachers Insurance & Annuity Association of America cut its position in Apartment Investment and Management Co (NYSE:AIV) by 63.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,513 shares of the real estate investment trust’s stock after selling 91,494 shares during the period. Teachers Insurance & Annuity Association of America’s holdings in Apartment Investment and Management were worth $2,682,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Comerica Bank lifted its holdings in Apartment Investment and Management by 2.3% during the second quarter. Comerica Bank now owns 85,562 shares of the real estate investment trust’s stock worth $4,364,000 after acquiring an additional 1,950 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Apartment Investment and Management by 4.1% during the 1st quarter. Swiss National Bank now owns 289,739 shares of the real estate investment trust’s stock valued at $14,571,000 after purchasing an additional 11,539 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its holdings in shares of Apartment Investment and Management by 12.4% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,022 shares of the real estate investment trust’s stock valued at $403,000 after purchasing an additional 887 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Apartment Investment and Management by 124.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 242,657 shares of the real estate investment trust’s stock valued at $12,203,000 after purchasing an additional 134,482 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. grew its position in shares of Apartment Investment and Management by 32.5% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,415,282 shares of the real estate investment trust’s stock valued at $70,934,000 after purchasing an additional 346,827 shares during the period. 95.68% of the stock is currently owned by institutional investors.

NYSE AIV traded up $0.11 during trading on Wednesday, hitting $50.89. The stock had a trading volume of 46,099 shares, compared to its average volume of 1,018,351. Apartment Investment and Management Co has a 12 month low of $41.73 and a 12 month high of $52.49. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.22 and a current ratio of 0.22. The company’s 50-day moving average price is $50.50 and its two-hundred day moving average price is $50.31. The company has a market capitalization of $7.67 billion, a PE ratio of 19.95, a P/E/G ratio of 3.35 and a beta of 0.56.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). Apartment Investment and Management had a net margin of 98.61% and a return on equity of 49.61%. The business had revenue of $224.20 million during the quarter, compared to analyst estimates of $224.36 million. During the same quarter last year, the business earned $0.59 earnings per share. Apartment Investment and Management’s revenue for the quarter was down 10.4% on a year-over-year basis. As a group, equities analysts anticipate that Apartment Investment and Management Co will post 2.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.56 annualized dividend and a yield of 3.07%. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 61.18%.

Several analysts have commented on the stock. ValuEngine downgraded shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BMO Capital Markets raised shares of Apartment Investment and Management from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $56.00 to $58.00 in a research report on Friday, September 6th. Mizuho upgraded shares of Apartment Investment and Management from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Tuesday, August 6th. Zelman & Associates raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Finally, SunTrust Banks boosted their price objective on shares of Apartment Investment and Management from $49.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $52.83.

In other news, Director Kathleen M. Nelson sold 2,400 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $50.16, for a total transaction of $120,384.00. Following the completion of the transaction, the director now directly owns 44,329 shares in the company, valued at approximately $2,223,542.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.83% of the company’s stock.

About Apartment Investment and Management

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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