Forsta AP Fonden Has $2.05 Million Stake in Apartment Investment and Management Co (AIV)

Forsta AP Fonden trimmed its holdings in shares of Apartment Investment and Management Co (NYSE:AIV) by 29.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 46,800 shares of the real estate investment trust’s stock after selling 19,200 shares during the period. Forsta AP Fonden’s holdings in Apartment Investment and Management were worth $2,046,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in AIV. Lord Abbett & CO. LLC bought a new position in shares of Apartment Investment and Management during the 2nd quarter worth about $23,487,000. Forward Management LLC bought a new position in shares of Apartment Investment and Management during the 4th quarter worth about $21,667,000. Russell Investments Group Ltd. lifted its holdings in shares of Apartment Investment and Management by 125.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 615,125 shares of the real estate investment trust’s stock worth $26,984,000 after acquiring an additional 342,028 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Apartment Investment and Management by 4.5% during the 3rd quarter. Principal Financial Group Inc. now owns 7,819,386 shares of the real estate investment trust’s stock worth $342,958,000 after acquiring an additional 337,427 shares during the period. Finally, Koch Industries Inc. lifted its holdings in shares of Apartment Investment and Management by 4,905.3% during the 2nd quarter. Koch Industries Inc. now owns 264,831 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 259,540 shares during the period. 99.74% of the stock is owned by institutional investors.

Shares of Apartment Investment and Management Co (AIV) opened at $39.69 on Friday. The stock has a market cap of $6,160.50, a PE ratio of 16.07, a P/E/G ratio of 2.61 and a beta of 0.41. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 2.67. Apartment Investment and Management Co has a 1 year low of $38.19 and a 1 year high of $46.85.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, February 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. The business had revenue of $250.23 million during the quarter, compared to analysts’ expectations of $243.24 million. Apartment Investment and Management had a net margin of 31.19% and a return on equity of 21.25%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the company posted $0.60 EPS. analysts expect that Apartment Investment and Management Co will post 2.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from Apartment Investment and Management’s previous quarterly dividend of $0.36. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 77.95%.

A number of research firms have recently commented on AIV. BMO Capital Markets set a $42.00 price objective on shares of Apartment Investment and Management and gave the stock a “sell” rating in a report on Monday, February 12th. Mizuho set a $39.00 target price on shares of Apartment Investment and Management and gave the stock a “hold” rating in a research report on Friday, February 9th. Zelman & Associates upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Zacks Investment Research upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, Barclays dropped 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, January 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $46.64.

In other Apartment Investment and Management news, EVP Miles Cortez sold 2,587 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $41.90, for a total value of $108,395.30. Following the completion of the sale, the executive vice president now owns 102,456 shares in the company, valued at approximately $4,292,906.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa R. Cohn sold 9,694 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $39.00, for a total transaction of $378,066.00. Following the completion of the sale, the insider now owns 82,139 shares of the company’s stock, valued at approximately $3,203,421. The disclosure for this sale can be found here. Insiders sold a total of 23,534 shares of company stock valued at $979,784 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

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Apartment Investment and Management Company Profile

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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