Apartment Investment and Management Company (AIV) Holdings Boosted by Calamos Advisors LLC

Calamos Advisors LLC grew its holdings in Apartment Investment and Management Company (NYSE:AIV) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,534 shares of the real estate investment trust’s stock after acquiring an additional 2,028 shares during the period. Calamos Advisors LLC’s holdings in Apartment Investment and Management were worth $3,289,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AIV. Israel Discount Bank of New York purchased a new position in shares of Apartment Investment and Management in the 1st quarter valued at $115,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Apartment Investment and Management by 190.0% during the 1st 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. Ameritas Investment Partners Inc. acquired a new stake in Apartment Investment and Management during the 1st quarter valued at $166,000. Koch Industries Inc. acquired a new stake in Apartment Investment and Management during the 1st quarter valued at $234,000. Finally, Meadow Creek Investment Management LLC grew its holdings in Apartment Investment and Management by 12.3% during the 1st quarter. Meadow Creek Investment Management LLC now owns 5,856 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 640 shares in the last quarter. 98.42% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Company (NYSE:AIV) traded down 0.59% on Friday, hitting $45.49. 342,246 shares of the stock traded hands. The company’s 50 day moving average price is $45.57 and its 200-day moving average price is $44.32. Apartment Investment and Management Company has a 12-month low of $39.66 and a 12-month high of $47.91. The stock has a market capitalization of $7.14 billion, a P/E ratio of 35.82 and a beta of 0.45.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The company had revenue of $246.24 million for the quarter, compared to analysts’ expectations of $240.78 million. Apartment Investment and Management had a return on equity of 12.46% and a net margin of 20.64%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 earnings per share. Analysts predict that Apartment Investment and Management Company will post $0.47 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Friday, August 18th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Wednesday, August 16th. Apartment Investment and Management’s dividend payout ratio (DPR) is currently 113.39%.

In other news, EVP Keith M. Kimmel sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the sale, the executive vice president now directly owns 28,481 shares in the company, valued at $1,310,126. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

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Several brokerages have weighed in on AIV. BidaskClub lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Zacks Investment Research raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Monday, July 24th. JMP Securities raised shares of Apartment Investment and Management from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a report on Monday, July 10th. BMO Capital Markets reaffirmed a “sell” rating and issued a $42.00 price target on shares of Apartment Investment and Management in a report on Thursday, May 25th. Finally, Barclays PLC cut their price objective on shares of Apartment Investment and Management from $49.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, May 18th. Two investment 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. Apartment Investment and Management currently has an average rating of “Hold” and a consensus 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.

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

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