Clinton Group Inc. Buys Shares of 11,768 Apartment Investment and Management Company (AIV)

Clinton Group Inc. acquired a new position in Apartment Investment and Management Company (NYSE:AIV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,768 shares of the real estate investment trust’s stock, valued at approximately $506,000.

A number of other hedge funds also recently bought and sold shares of AIV. UBS Asset Management Americas Inc. grew its holdings in shares of Apartment Investment and Management by 20.0% during the first quarter. UBS Asset Management Americas Inc. now owns 315,296 shares of the real estate investment trust’s stock worth $13,983,000 after purchasing an additional 52,486 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Apartment Investment and Management by 180.0% during the first quarter. Ameriprise Financial Inc. now owns 240,317 shares of the real estate investment trust’s stock worth $10,658,000 after purchasing an additional 154,498 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Apartment Investment and Management during the first quarter worth about $166,000. Mason Street Advisors LLC grew its holdings in shares of Apartment Investment and Management by 1.1% during the first quarter. Mason Street Advisors LLC now owns 21,699 shares of the real estate investment trust’s stock worth $962,000 after purchasing an additional 237 shares in the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Apartment Investment and Management by 1.5% during the first quarter. Prudential Financial Inc. now owns 220,594 shares of the real estate investment trust’s stock worth $9,783,000 after purchasing an additional 3,290 shares in the last quarter. 98.18% of the stock is owned by institutional investors and hedge funds.

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A number of analysts recently weighed in on the company. BidaskClub downgraded Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Zacks Investment Research downgraded Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Monday. JMP Securities raised Apartment Investment and Management from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research note on Monday, July 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $46.00 price target on shares of Apartment Investment and Management in a research note on Tuesday, September 12th. Finally, Canaccord Genuity set a $50.00 price target on Apartment Investment and Management and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.90.

Apartment Investment and Management Company (AIV) traded up 0.02% on Tuesday, hitting $44.26. The stock had a trading volume of 20,471 shares. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 34.85 and a beta of 0.46. The company has a 50 day moving average price of $45.00 and a 200-day moving average price of $44.32. Apartment Investment and Management Company has a 52-week low of $39.66 and a 52-week high of $46.86.

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

In other news, EVP Keith M. Kimmel sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the sale, the executive vice president now owns 28,481 shares in the company, valued at approximately $1,310,126. The sale 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.

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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