Apartment Investment and Management Co (AIV) Holdings Cut by Sei Investments Co.

Sei Investments Co. lowered its stake in shares of Apartment Investment and Management Co (NYSE:AIV) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 418,733 shares of the real estate investment trust’s stock after selling 22,968 shares during the quarter. Sei Investments Co.’s holdings in Apartment Investment and Management were worth $18,302,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AIV. The Manufacturers Life Insurance Company boosted its position in Apartment Investment and Management by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 163,575 shares of the real estate investment trust’s stock worth $7,028,000 after purchasing an additional 5,672 shares during the period. Toronto Dominion Bank boosted its position in Apartment Investment and Management by 26.1% during the second quarter. Toronto Dominion Bank now owns 51,263 shares of the real estate investment trust’s stock worth $2,203,000 after purchasing an additional 10,608 shares during the period. Sentry Investment Management LLC boosted its position in Apartment Investment and Management by 1.1% during the second quarter. Sentry Investment Management LLC now owns 12,340 shares of the real estate investment trust’s stock worth $530,000 after purchasing an additional 130 shares during the period. Lord Abbett & CO. LLC bought a new stake in Apartment Investment and Management during the second quarter worth approximately $23,487,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in Apartment Investment and Management by 5.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 200,000 shares of the real estate investment trust’s stock worth $8,772,000 after purchasing an additional 10,000 shares during the period. 98.30% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Co (NYSE AIV) opened at $39.69 on Monday. Apartment Investment and Management Co has a 1-year low of $38.19 and a 1-year high of $46.85. The company has a market capitalization of $6,210.57, a P/E ratio of 20.35, a PEG ratio of 2.63 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 (NYSE:AIV) last issued its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. Apartment Investment and Management had a return on equity of 21.25% and a net margin of 31.19%. The company had revenue of $250.23 million during the quarter, compared to analyst estimates of $243.24 million. During the same period in the previous year, the company earned $0.60 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. equities research analysts anticipate that Apartment Investment and Management Co will post 2.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.38 per share. The ex-dividend date is Thursday, February 15th. This is a positive change from Apartment Investment and Management’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.83%. Apartment Investment and Management’s payout ratio is 77.95%.

A number of equities research analysts have issued reports on AIV shares. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Raymond James Financial cut Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $52.00 to $50.00 in a research report on Tuesday, December 12th. TheStreet cut Apartment Investment and Management from a “b-” rating to a “c+” rating in a research report on Friday, November 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $42.00 target price on shares of Apartment Investment and Management in a research report on Tuesday, January 9th. Finally, BMO Capital Markets reaffirmed a “sell” rating and set a $44.00 target price on shares of Apartment Investment and Management in a research report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Apartment Investment and Management has an average rating of “Hold” and an average price target of $46.64.

In related news, insider John E. Bezzant sold 7,564 shares of the company’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $44.77, for a total value of $338,640.28. Following the completion of the transaction, the insider now directly owns 48,422 shares in the company, valued at $2,167,852.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lisa R. Cohn sold 9,694 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $39.00, for a total value of $378,066.00. Following the completion of the transaction, the insider now owns 82,139 shares of the company’s stock, valued at $3,203,421. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,534 shares of company stock valued at $979,784. 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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