Apartment Investment and Management Co (NYSE:AIV) insider Lisa R. Cohn sold 9,694 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 82,139 shares in the company, valued at $3,203,421. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Apartment Investment and Management Co (NYSE AIV) opened at $39.28 on Wednesday. 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 debt-to-equity ratio of 2.67, a current ratio of 0.65 and a quick ratio of 0.59. The company has a market capitalization of $6,144.85, a P/E ratio of 20.14, a P/E/G ratio of 2.30 and a beta of 0.41.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $243.24 million. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. equities analysts anticipate that Apartment Investment and Management Co will post 2.52 earnings per share for the current year.

The company 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 dividend of $0.38 per share. The ex-dividend date is Thursday, February 15th. This is a boost from Apartment Investment and Management’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 3.87%. Apartment Investment and Management’s dividend payout ratio (DPR) is 73.85%.

Hedge funds have recently modified their holdings of the company. Calamos Advisors LLC increased its position in shares of Apartment Investment and Management by 3.8% during the 3rd quarter. Calamos Advisors LLC now owns 79,448 shares of the real estate investment trust’s stock valued at $3,485,000 after purchasing an additional 2,914 shares during the period. AMP Capital Investors Ltd increased its position in shares of Apartment Investment and Management by 23.7% during the 3rd quarter. AMP Capital Investors Ltd now owns 65,681 shares of the real estate investment trust’s stock valued at $2,880,000 after purchasing an additional 12,565 shares during the period. California Public Employees Retirement System increased its position in shares of Apartment Investment and Management by 5.1% during the 3rd quarter. California Public Employees Retirement System now owns 363,593 shares of the real estate investment trust’s stock valued at $15,947,000 after purchasing an additional 17,520 shares during the period. Toronto Dominion Bank increased its position in shares of Apartment Investment and Management by 26.1% during the 2nd quarter. Toronto Dominion Bank now owns 51,263 shares of the real estate investment trust’s stock valued at $2,203,000 after purchasing an additional 10,608 shares during the period. Finally, Eii Capital Management Inc. acquired a new position in shares of Apartment Investment and Management during the 3rd quarter valued at $2,248,000. Institutional investors own 99.74% of the company’s stock.

Several analysts recently commented on AIV shares. Zacks Investment Research upgraded 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 lowered their target price for the company 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 restated a “hold” rating and issued a $42.00 target price on shares of Apartment Investment and Management in a research report on Tuesday, January 9th. Finally, BMO Capital Markets restated a “sell” rating and issued a $44.00 target price on shares of Apartment Investment and Management in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Apartment Investment and Management currently has a consensus rating of “Hold” and a consensus price target of $46.64.

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About Apartment Investment and Management

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.

Insider Buying and Selling by Quarter for Apartment Investment and Management (NYSE:AIV)

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