Apartment Investment and Management Co (AIV) Holdings Lifted by Fmr LLC

Fmr LLC grew its position in Apartment Investment and Management Co (NYSE:AIV) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,312,251 shares of the real estate investment trust’s stock after buying an additional 66,717 shares during the quarter. Fmr LLC’s holdings in Apartment Investment and Management were worth $278,559,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FIL Ltd lifted its position in shares of Apartment Investment and Management by 44.1% in the third quarter. FIL Ltd now owns 971,284 shares of the real estate investment trust’s stock worth $42,863,000 after purchasing an additional 297,317 shares in the last quarter. American International Group Inc. lifted its position in shares of Apartment Investment and Management by 6.5% in the third quarter. American International Group Inc. now owns 55,938 shares of the real estate investment trust’s stock worth $2,469,000 after purchasing an additional 3,416 shares in the last quarter. BlackRock Inc. lifted its position in shares of Apartment Investment and Management by 2.2% in the third quarter. BlackRock Inc. now owns 13,642,189 shares of the real estate investment trust’s stock worth $602,030,000 after purchasing an additional 290,703 shares in the last quarter. Capital Growth Management LP purchased a new stake in shares of Apartment Investment and Management in the third quarter worth approximately $11,915,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Apartment Investment and Management by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 1,538,067 shares of the real estate investment trust’s stock worth $67,875,000 after purchasing an additional 14,248 shares in the last quarter.

In related news, insider Lisa R. Cohn sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $45.62, for a total transaction of $228,100.00. Following the transaction, the insider now owns 73,754 shares of the company’s stock, valued at $3,364,657.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on AIV shares. TheStreet raised shares of Apartment Investment and Management from a “c+” rating to a “b” rating in a research report on Thursday, November 1st. Zacks Investment Research raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Monday, November 26th. ValuEngine raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Wells Fargo & Co set a $50.00 price objective on shares of Apartment Investment and Management and gave the company a “buy” rating in a research report on Friday, November 16th. Finally, Jefferies Financial Group raised their price objective on shares of Apartment Investment and Management from $42.00 to $46.00 and gave the company a “hold” rating in a research report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $46.80.

Shares of AIV opened at $47.11 on Tuesday. The company has a market cap of $7.33 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 4.09 and a beta of 0.51. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.43 and a current ratio of 0.43. Apartment Investment and Management Co has a twelve month low of $37.97 and a twelve month high of $47.46.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share for the quarter, beating the consensus estimate of $0.61 by $3.00. The firm had revenue of $242.48 million for the quarter, compared to analyst estimates of $239.80 million. Apartment Investment and Management had a net margin of 92.50% and a return on equity of 55.25%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. Analysts predict that Apartment Investment and Management Co will post 2.49 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Thursday, November 15th. Apartment Investment and Management’s payout ratio is presently 62.04%.

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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 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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