Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Apartment Investment and Management Co (NYSE:AIV) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,023 shares of the real estate investment trust’s stock after acquiring an additional 8,575 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Apartment Investment and Management were worth $6,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of AIV. Long Pond Capital LP increased its position in Apartment Investment and Management by 21.8% during the first quarter. Long Pond Capital LP now owns 7,351,291 shares of the real estate investment trust’s stock valued at $299,565,000 after acquiring an additional 1,315,826 shares during the last quarter. Allianz Asset Management GmbH increased its position in Apartment Investment and Management by 9,850.5% during the first quarter. Allianz Asset Management GmbH now owns 605,291 shares of the real estate investment trust’s stock valued at $24,665,000 after acquiring an additional 599,208 shares during the last quarter. Echo Street Capital Management LLC bought a new position in Apartment Investment and Management during the first quarter valued at $17,106,000. V3 Capital Management L.P. bought a new position in Apartment Investment and Management during the first quarter valued at $16,919,000. Finally, Schroder Investment Management Group increased its position in Apartment Investment and Management by 1,223.0% during the first quarter. Schroder Investment Management Group now owns 335,459 shares of the real estate investment trust’s stock valued at $13,670,000 after acquiring an additional 310,104 shares during the last quarter.

In other news, insider Keith M. Kimmel sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $43.21, for a total value of $1,080,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

A number of research firms have weighed in on AIV. Zacks Investment Research cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. SunTrust Banks restated a “buy” rating and issued a $45.00 price target on shares of Apartment Investment and Management in a report on Wednesday, June 27th. Mizuho restated a “hold” rating and issued a $44.00 price target on shares of Apartment Investment and Management in a report on Monday, August 6th. ValuEngine upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Thursday, May 31st. Finally, Jefferies Financial Group upped their price target on shares of Apartment Investment and Management from $42.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $46.00.

NYSE AIV opened at $43.50 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 2.93. The stock has a market capitalization of $6.75 billion, a PE ratio of 17.76, a P/E/G ratio of 3.73 and a beta of 0.45. Apartment Investment and Management Co has a 12 month low of $37.97 and a 12 month high of $46.72.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.60). The company had revenue of $250.13 million during the quarter, compared to the consensus estimate of $242.93 million. Apartment Investment and Management had a return on equity of 25.11% and a net margin of 36.78%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 earnings per share. equities research analysts anticipate that Apartment Investment and Management Co will post 2.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Friday, August 17th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Thursday, August 16th. Apartment Investment and Management’s payout ratio is presently 62.04%.

Apartment Investment and Management Company Profile

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 133 communities in 17 states and the District of Columbia.

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

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