Oppenheimer Asset Management Inc. trimmed its stake in Apartment Investment and Management Co (NYSE:AIV) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,240 shares of the real estate investment trust’s stock after selling 2,039 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Apartment Investment and Management were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in AIV. Vident Investment Advisory LLC purchased a new stake in Apartment Investment and Management in the 3rd quarter valued at about $202,000. Shelton Capital Management purchased a new stake in Apartment Investment and Management in the 2nd quarter valued at about $246,000. CAPROCK Group Inc. purchased a new stake in Apartment Investment and Management in the 3rd quarter valued at about $251,000. Koch Industries Inc. boosted its position in Apartment Investment and Management by 4,905.3% in the 2nd quarter. Koch Industries Inc. now owns 264,831 shares of the real estate investment trust’s stock valued at $259,000 after buying an additional 259,540 shares during the period. Finally, Lourd Capital LLC purchased a new stake in Apartment Investment and Management in the 4th quarter valued at about $375,000. 99.84% of the stock is owned by institutional investors.

In other news, insider John E. Bezzant sold 7,564 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $44.77, for a total value of $338,640.28. Following the completion of the sale, the insider now owns 48,422 shares of the company’s stock, valued at approximately $2,167,852.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lisa R. Cohn sold 831 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $42.38, for a total transaction of $35,217.78. Following the completion of the sale, the executive vice president now directly owns 53,071 shares of the company’s stock, valued at approximately $2,249,148.98. The disclosure for this sale can be found here. Insiders sold a total of 13,840 shares of company stock valued at $601,718 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Shares of Apartment Investment and Management Co (AIV) opened at $39.34 on Friday. Apartment Investment and Management Co has a 52-week low of $38.19 and a 52-week high of $46.85. The firm has a market cap of $5,978.99, a P/E ratio of 20.17, a PEG ratio of 2.22 and a beta of 0.41. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.65 and a quick ratio of 0.59.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. Apartment Investment and Management had a net margin of 31.19% and a return on equity of 21.25%. The firm had revenue of $250.23 million during the quarter, compared to analysts’ expectations of $243.24 million. During the same quarter in the prior year, the company earned $0.60 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. research analysts expect that Apartment Investment and Management Co will post 2.53 earnings per share for the current fiscal 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 given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.86%. 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 is presently 73.85%.

Several research firms have issued reports on AIV. Mizuho set a $39.00 price objective on shares of Apartment Investment and Management and gave the company a “hold” rating in a research report on Friday. Zelman & Associates raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Wednesday. Barclays lowered their price objective 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. Finally, JMP Securities cut shares of Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Apartment Investment and Management has an average rating of “Hold” and an average target price of $46.82.

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Apartment Investment and Management 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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