Strs Ohio Lowers Position in Apartment Investment and Management Company (AIV)

Strs Ohio reduced its stake in shares of Apartment Investment and Management Company (NYSE:AIV) by 1.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,726 shares of the real estate investment trust’s stock after selling 2,637 shares during the period. Strs Ohio owned 0.15% of Apartment Investment and Management Company worth $10,638,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of AIV. Shinko Asset Management Co. Ltd. boosted its position in shares of Apartment Investment and Management Company by 317.2% in the third quarter. Shinko Asset Management Co. Ltd. now owns 1,586,577 shares of the real estate investment trust’s stock valued at $72,840,000 after buying an additional 1,206,304 shares during the last quarter. FMR LLC boosted its position in Apartment Investment and Management Company by 14.2% in the second quarter. FMR LLC now owns 8,922,874 shares of the real estate investment trust’s stock valued at $394,034,000 after buying an additional 1,108,155 shares in the last quarter. Citadel Advisors LLC boosted its position in Apartment Investment and Management Company by 244.9% in the second quarter. Citadel Advisors LLC now owns 1,082,382 shares of the real estate investment trust’s stock valued at $47,798,000 after buying an additional 768,556 shares in the last quarter. Vanguard Group Inc. boosted its position in Apartment Investment and Management Company by 2.8% in the second quarter. Vanguard Group Inc. now owns 25,944,279 shares of the real estate investment trust’s stock valued at $1,145,700,000 after buying an additional 712,079 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Apartment Investment and Management Company by 84.4% in the second quarter. American Century Companies Inc. now owns 1,536,779 shares of the real estate investment trust’s stock valued at $67,864,000 after buying an additional 703,454 shares in the last quarter.

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

Apartment Investment and Management Company (NYSE:AIV) traded down 0.32% on Wednesday, reaching $44.11. 98,371 shares of the company were exchanged. The firm has a market capitalization of $6.92 billion, a P/E ratio of 21.33 and a beta of 0.39. The firm has a 50-day moving average of $43.31 and a 200 day moving average of $44.03. Apartment Investment and Management Company has a 12-month low of $34.97 and a 12-month high of $47.91.

Apartment Investment and Management Company (NYSE:AIV) last announced its quarterly earnings data on Thursday, October 27th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.01. The business earned $244.12 million during the quarter, compared to analysts’ expectations of $239.45 million. Apartment Investment and Management Company had a return on equity of 19.95% and a net margin of 33.39%. Apartment Investment and Management Company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 EPS. On average, equities analysts predict that Apartment Investment and Management Company will post $1.86 earnings per share for the current year.

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Several research firms have commented on AIV. Zacks Investment Research cut shares of Apartment Investment and Management Company from a “hold” rating to a “sell” rating in a research report on Wednesday, October 26th. Mizuho reissued a “buy” rating on shares of Apartment Investment and Management Company in a research report on Friday, December 23rd. JMP Securities cut shares of Apartment Investment and Management Company from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 20th. Finally, J P Morgan Chase & Co reissued a “hold” rating and set a $45.00 target price on shares of Apartment Investment and Management Company in a research report on Wednesday, November 16th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.88.

In other news, insider Keith M. Kimmel sold 3,000 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $39.81, for a total transaction of $119,430.00. Following the sale, the insider now owns 35,718 shares in the company, valued at $1,421,933.58. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider John E. Bezzant sold 5,732 shares of the stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $42.63, for a total transaction of $244,355.16. Following the sale, the insider now owns 49,431 shares in the company, valued at approximately $2,107,243.53. The disclosure for this sale can be found here. 1.71% of the stock is currently owned by company insiders.

About Apartment Investment and Management Company

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust. The Company, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. Its segments include conventional real estate and affordable real estate.

5 Day Chart for NYSE:AIV

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