Apartment Investment and Management Co (NYSE:AIV) Shares Sold by Dean Capital Investments Management LLC

Share on StockTwits

Dean Capital Investments Management LLC trimmed its position in shares of Apartment Investment and Management Co (NYSE:AIV) by 8.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,848 shares of the real estate investment trust’s stock after selling 1,054 shares during the period. Dean Capital Investments Management LLC’s holdings in Apartment Investment and Management were worth $566,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Comerica Bank lifted its stake 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 purchasing an additional 1,950 shares in the last quarter. Brinker Capital Inc. increased its position in shares of Apartment Investment and Management by 21.6% during the third quarter. Brinker Capital Inc. now owns 9,825 shares of the real estate investment trust’s stock worth $512,000 after acquiring an additional 1,743 shares during the period. Schroder Investment Management Group increased its position in shares of Apartment Investment and Management by 2.1% during the second quarter. Schroder Investment Management Group now owns 646,694 shares of the real estate investment trust’s stock worth $32,412,000 after acquiring an additional 13,099 shares during the period. Duff & Phelps Investment Management Co. increased its position in shares of Apartment Investment and Management by 32.5% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,415,282 shares of the real estate investment trust’s stock worth $70,934,000 after acquiring an additional 346,827 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Apartment Investment and Management by 227.9% during the second quarter. SG Americas Securities LLC now owns 114,955 shares of the real estate investment trust’s stock worth $5,762,000 after acquiring an additional 79,893 shares during the period. Institutional investors own 96.29% of the company’s stock.

A number of analysts have recently weighed in on the company. Zelman & Associates raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. TheStreet lowered Apartment Investment and Management from a “b” rating to a “c+” rating in a research report on Thursday, October 31st. Goldman Sachs Group initiated coverage on Apartment Investment and Management in a research report on Friday, November 8th. They set a “buy” rating and a $62.00 price objective on the stock. SunTrust Banks increased their target price on Apartment Investment and Management from $49.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, August 29th. Finally, Mizuho raised Apartment Investment and Management from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, August 6th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $54.38.

In other Apartment Investment and Management news, Director Kathleen M. Nelson sold 2,400 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $50.16, for a total transaction of $120,384.00. Following the transaction, the director now owns 44,329 shares of the company’s stock, valued at $2,223,542.64. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.83% of the company’s stock.

NYSE:AIV traded up $0.81 during trading hours on Wednesday, hitting $53.63. The company’s stock had a trading volume of 25,822 shares, compared to its average volume of 1,088,410. The stock has a market capitalization of $7.92 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 4.64 and a beta of 0.52. The stock has a fifty day moving average of $53.46 and a 200-day moving average of $51.27. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 2.38. Apartment Investment and Management Co has a 52-week low of $42.06 and a 52-week high of $55.49.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Thursday, October 31st. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.62). The business had revenue of $229.80 million during the quarter, compared to analysts’ expectations of $224.73 million. Apartment Investment and Management had a net margin of 37.98% and a return on equity of 19.60%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the company earned $3.61 EPS. On average, sell-side analysts forecast that Apartment Investment and Management Co will post 2.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, November 14th. Apartment Investment and Management’s payout ratio is 61.18%.

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.

Further Reading: What is systematic risk?

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

Receive News & Ratings for Apartment Investment and Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.