Apartment Investment and Management Company (AIV) Stake Raised by New York State Common Retirement Fund

New York State Common Retirement Fund grew its position in Apartment Investment and Management Company (NYSE:AIV) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 345,700 shares of the real estate investment trust’s stock after purchasing an additional 7,000 shares during the period. New York State Common Retirement Fund owned about 0.22% of Apartment Investment and Management worth $15,162,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Schroder Investment Management Group acquired a new stake in shares of Apartment Investment and Management in the 2nd quarter valued at $124,000. Raymond James Trust N.A. acquired a new stake in shares of Apartment Investment and Management in the 2nd quarter valued at $217,000. Shelton Capital Management acquired a new stake in shares of Apartment Investment and Management in the 2nd quarter valued at $246,000. CAPROCK Group Inc. acquired a new stake in shares of Apartment Investment and Management in the 3rd quarter valued at $251,000. Finally, Koch Industries Inc. boosted its stake in shares of 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 purchasing an additional 259,540 shares in the last quarter. Institutional investors own 98.30% of the company’s stock.

AIV has been the topic of several recent analyst reports. Mizuho upgraded shares of Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 target price on the stock in a research note on Monday, November 6th. Zacks Investment Research upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. TheStreet downgraded shares of Apartment Investment and Management from a “b-” rating to a “c+” rating in a research note on Friday, November 3rd. UBS cut Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a report on Friday, September 8th. Finally, BMO Capital Markets reaffirmed a “sell” rating and issued a $44.00 price target on shares of Apartment Investment and Management in a report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, six 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 a consensus price target of $48.10.

In other Apartment Investment and Management news, CEO Terry Considine sold 111,577 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $44.01, for a total transaction of $4,910,503.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John E. Bezzant sold 7,564 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $44.77, for a total value of $338,640.28. Following the sale, the insider now directly owns 48,422 shares of the company’s stock, valued at $2,167,852.94. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Apartment Investment and Management Company (NYSE AIV) opened at $43.84 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.35. Apartment Investment and Management Company has a twelve month low of $41.87 and a twelve month high of $46.85. The stock has a market capitalization of $6,883.89, a PE ratio of 18.12, a P/E/G ratio of 2.63 and a beta of 0.46.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.51). Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.81%. The business had revenue of $254.64 million during the quarter, compared to the consensus estimate of $249.17 million. During the same period in the prior year, the firm earned $0.54 earnings per share. research analysts predict that Apartment Investment and Management Company will post 2.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 17th were issued a $0.36 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.28%. Apartment Investment and Management’s dividend payout ratio is 109.92%.

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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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