Apartment Investment and Management Co. (NYSE:AIV) insider Keith M. Kimmel sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $39.81, for a total transaction of $119,430.00. Following the completion of the transaction, the insider now owns 35,718 shares of the company’s stock, valued at approximately $1,421,933.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Apartment Investment and Management Co. (NYSE:AIV) traded down 0.20% during trading on Tuesday, hitting $39.80. 147,954 shares of the stock traded hands. Apartment Investment and Management Co. has a 1-year low of $34.97 and a 1-year high of $47.91. The stock has a 50 day moving average price of $42.78 and a 200-day moving average price of $43.63. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 19.25 and a beta of 0.45.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, October 27th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.01. The business had revenue of $244.12 million for the quarter, compared to the consensus estimate of $239.45 million. Apartment Investment and Management had a net margin of 33.39% and a return on equity of 19.95%. Apartment Investment and Management’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 EPS. Equities analysts forecast that Apartment Investment and Management Co. will post $2.31 EPS for the current year.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Friday, November 18th will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, November 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.31%. Apartment Investment and Management’s dividend payout ratio is presently 64.08%.

Several research firms have recently weighed in on AIV. Zacks Investment Research cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Wednesday, October 26th. JMP Securities lowered shares of Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 20th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $45.00 price objective on shares of Apartment Investment and Management in a research report on Wednesday, November 16th. Canaccord Genuity boosted their price objective on shares of Apartment Investment and Management from $41.00 to $47.00 and gave the stock a “hold” rating in a research report on Tuesday, August 2nd. Finally, Mizuho raised shares of Apartment Investment and Management from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $48.00 to $49.00 in a research report on Monday, October 31st. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.78.

Several institutional investors have recently made changes to their positions in AIV. Panagora Asset Management Inc. increased its position in shares of Apartment Investment and Management by 6.7% in the first quarter. Panagora Asset Management Inc. now owns 953,666 shares of the real estate investment trust’s stock worth $39,882,000 after buying an additional 59,896 shares in the last quarter. Nationwide Fund Advisors increased its position in shares of Apartment Investment and Management by 61.7% in the second quarter. Nationwide Fund Advisors now owns 272,151 shares of the real estate investment trust’s stock worth $12,018,000 after buying an additional 103,875 shares in the last quarter. BlackRock Advisors LLC increased its position in shares of Apartment Investment and Management by 19.7% in the second quarter. BlackRock Advisors LLC now owns 66,974 shares of the real estate investment trust’s stock worth $2,958,000 after buying an additional 11,038 shares in the last quarter. Trust Co. of Toledo NA OH increased its position in shares of Apartment Investment and Management by 0.5% in the second quarter. Trust Co. of Toledo NA OH now owns 28,963 shares of the real estate investment trust’s stock worth $1,279,000 after buying an additional 142 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Apartment Investment and Management by 0.8% in the second quarter. Retirement Systems of Alabama now owns 79,841 shares of the real estate investment trust’s stock worth $3,526,000 after buying an additional 609 shares in the last quarter.

About Apartment Investment and Management

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust. The Company, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. Its segments include conventional real estate and affordable real estate.

5 Day Chart for NYSE:AIV

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