World Asset Management Inc Buys 1,514 Shares of Apartment Investment and Management Co (AIV)

World Asset Management Inc increased its position in shares of Apartment Investment and Management Co (NYSE:AIV) by 9.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 17,768 shares of the real estate investment trust’s stock after buying an additional 1,514 shares during the period. World Asset Management Inc’s holdings in Apartment Investment and Management were worth $788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AIV. Norges Bank bought a new position in shares of Apartment Investment and Management during the fourth quarter worth about $69,353,000. FMR LLC boosted its position in shares of Apartment Investment and Management by 11.5% in the fourth quarter. FMR LLC now owns 13,565,985 shares of the real estate investment trust’s stock worth $616,574,000 after buying an additional 1,394,048 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Apartment Investment and Management during the fourth quarter worth about $37,434,000. Adelante Capital Management LLC boosted its position in shares of Apartment Investment and Management by 73.5% in the third quarter. Adelante Capital Management LLC now owns 1,645,184 shares of the real estate investment trust’s stock worth $75,530,000 after buying an additional 697,207 shares during the period. Finally, Guggenheim Capital LLC boosted its position in shares of Apartment Investment and Management by 100.0% in the fourth quarter. Guggenheim Capital LLC now owns 1,270,914 shares of the real estate investment trust’s stock worth $57,763,000 after buying an additional 635,561 shares during the period.

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

Shares of Apartment Investment and Management Co (NYSE:AIV) traded up 0.35% during mid-day trading on Tuesday, reaching $43.30. 110,674 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $43.84 and a 200 day moving average price of $43.92. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 16.73 and a beta of 0.36. Apartment Investment and Management Co has a 12-month low of $39.14 and a 12-month high of $47.91.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. The business had revenue of $246.50 million during the quarter, compared to analysts’ expectations of $242.87 million. Apartment Investment and Management had a net margin of 42.78% and a return on equity of 24.85%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share. Analysts anticipate that Apartment Investment and Management Co will post $0.44 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Friday, May 19th will be issued a $0.36 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.34%. Apartment Investment and Management’s dividend payout ratio is currently 49.62%.

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Several analysts recently issued reports on the company. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Tuesday, January 31st. Barclays PLC raised their target price on Apartment Investment and Management from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Mizuho cut Apartment Investment and Management from a “buy” rating to a “neutral” rating and cut their target price for the stock from $50.00 to $45.00 in a research note on Monday, May 1st. Canaccord Genuity set a $48.00 target price on Apartment Investment and Management and gave the stock a “hold” rating in a research note on Tuesday, February 7th. Finally, BMO Capital Markets cut Apartment Investment and Management from a “market perform” rating to an “underperform” rating and set a $42.00 target price on the stock. in a research note on Friday, February 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.57.

In related news, insider Lisa R. Cohn sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $46.72, for a total transaction of $467,200.00. Following the completion of the transaction, the insider now owns 54,987 shares of the company’s stock, valued at $2,568,992.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathleen M. Nelson sold 1,220 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $43.59, for a total transaction of $53,179.80. Following the transaction, the director now directly owns 40,630 shares of the company’s stock, valued at approximately $1,771,061.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,305 shares of company stock valued at $833,891. Corporate insiders own 1.71% of the company’s stock.

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.

12 Month Chart for NYSE:AIV

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