Apartment Investment and Management Company (AIV) Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC increased its stake in shares of Apartment Investment and Management Company (NYSE:AIV) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,448 shares of the real estate investment trust’s stock after acquiring an additional 2,914 shares during the period. Calamos Advisors LLC owned about 0.05% of Apartment Investment and Management worth $3,485,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AIV. KCG Holdings Inc. bought a new position in Apartment Investment and Management in the first quarter valued at $547,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Apartment Investment and Management by 190.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 1,900 shares in the last quarter. Janus Capital Management LLC grew its position in Apartment Investment and Management by 4.7% in the first quarter. Janus Capital Management LLC now owns 498,357 shares of the real estate investment trust’s stock valued at $22,102,000 after purchasing an additional 22,348 shares in the last quarter. Bank of Nova Scotia bought a new position in Apartment Investment and Management in the first quarter valued at $1,434,000. Finally, Fox Run Management L.L.C. grew its position in Apartment Investment and Management by 50.8% in the second quarter. Fox Run Management L.L.C. now owns 8,900 shares of the real estate investment trust’s stock valued at $382,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

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Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.51). The company had revenue of $254.64 million for 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 in the previous year, the company posted $0.54 EPS.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.44 annualized dividend and a yield of 3.30%. Apartment Investment and Management’s payout ratio is currently 109.92%.

In related news, CEO Terry Considine sold 111,577 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total transaction of $4,910,503.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Keith M. Kimmel sold 10,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the transaction, the executive vice president now owns 28,481 shares of the company’s stock, valued at approximately $1,310,126. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

AIV has been the subject of a number of analyst reports. JMP Securities raised shares of Apartment Investment and Management from a “market perform” rating to an “outperform” rating and set a $52.00 target price for the company in a research report on Monday, July 10th. Mizuho downgraded shares of Apartment Investment and Management from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $45.00 to $42.00 in a research report on Monday, July 10th. BidaskClub downgraded shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Barclays PLC decreased their target price on shares of Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, July 18th. Finally, Zacks Investment Research raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Apartment Investment and Management has a consensus rating of “Hold” and an average price target of $46.90.

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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