Neuburgh Advisers LLC boosted its position in shares of Apartment Inv & Mgmt (NYSE:AIV) by 14.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,604 shares of the real estate investment trust’s stock after buying an additional 1,320 shares during the quarter. Neuburgh Advisers LLC’s holdings in Apartment Inv & Mgmt were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Zeke Capital Advisors LLC purchased a new stake in shares of Apartment Inv & Mgmt during the fourth quarter valued at $210,000. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Apartment Inv & Mgmt during the first quarter valued at $204,000. Allianz Asset Management GmbH purchased a new stake in shares of Apartment Inv & Mgmt during the fourth quarter valued at $266,000. Vident Investment Advisory LLC boosted its stake in shares of Apartment Inv & Mgmt by 43.0% during the fourth quarter. Vident Investment Advisory LLC now owns 6,585 shares of the real estate investment trust’s stock valued at $288,000 after purchasing an additional 1,980 shares during the period. Finally, MANA Advisors LLC purchased a new stake in shares of Apartment Inv & Mgmt during the fourth quarter valued at $288,000. 99.19% of the stock is owned by institutional investors.
In related news, Director Kathleen M. Nelson sold 1,318 shares of the company’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $41.12, for a total value of $54,196.16. Following the completion of the sale, the director now directly owns 43,782 shares of the company’s stock, valued at $1,800,315.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.
A number of analysts have recently issued reports on AIV shares. SunTrust Banks set a $44.00 target price on shares of Apartment Inv & Mgmt and gave the company a “buy” rating in a research note on Friday, March 2nd. Barclays lowered their target price on shares of Apartment Inv & Mgmt from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. Zacks Investment Research lowered shares of Apartment Inv & Mgmt from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Zelman & Associates lowered shares of Apartment Inv & Mgmt from a “hold” rating to a “sell” rating in a research note on Thursday, May 10th. Finally, ValuEngine lowered shares of Apartment Inv & Mgmt from a “hold” rating to a “sell” rating in a research note on Thursday, May 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $46.45.
NYSE:AIV opened at $39.11 on Tuesday. Apartment Inv & Mgmt has a 1-year low of $37.97 and a 1-year high of $46.72. The stock has a market capitalization of $6.11 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 2.62 and a beta of 0.41. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 2.77.
Apartment Inv & Mgmt (NYSE:AIV) last released its quarterly earnings data on Monday, May 7th. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.08). Apartment Inv & Mgmt had a return on equity of 26.79% and a net margin of 38.11%. The business had revenue of $247.72 million during the quarter, compared to analysts’ expectations of $240.46 million. During the same period last year, the company earned $0.58 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. analysts predict that Apartment Inv & Mgmt will post 2.46 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Friday, May 18th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Thursday, May 17th. Apartment Inv & Mgmt’s dividend payout ratio (DPR) is presently 62.04%.
About Apartment Inv & Mgmt
Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 182 communities in 22 states and the District of Columbia.
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