Traders purchased shares of Apartment Investment and Management Co. (NYSE:AIV) on weakness during trading hours on Monday after an insider sold shares in the company. $18.68 million flowed into the stock on the tick-up and $7.80 million flowed out of the stock on the tick-down, for a money net flow of $10.88 million into the stock. Of all equities tracked, Apartment Investment and Management had the 29th highest net in-flow for the day. Apartment Investment and Management traded down ($0.57) for the day and closed at $39.88Specifically, insider Keith M. Kimmel sold 3,000 shares of Apartment Investment and Management stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $39.81, for a total transaction of $119,430.00. Following the completion of the sale, the insider now owns 35,718 shares of the company’s stock, valued at $1,421,933.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.71% of the company’s stock.

AIV has been the subject of several research analyst reports. Zacks Investment Research lowered Apartment Investment and Management from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Mizuho lowered Apartment Investment and Management from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $47.00 to $48.00 in a research note on Monday, August 1st. Canaccord Genuity lifted their price target on Apartment Investment and Management from $41.00 to $47.00 and gave the stock a “hold” rating in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. reissued a “hold” rating and issued a $45.00 target price on shares of Apartment Investment and Management in a research note on Wednesday, November 16th. Finally, JMP Securities lowered Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 20th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $45.78.

The firm has a market cap of $6.26 billion, a P/E ratio of 19.28 and a beta of 0.45. The stock’s 50-day moving average price is $42.78 and its 200 day moving average price is $43.63.

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

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

Several hedge funds and other institutional investors have recently made changes to their positions in AIV. 1st Global Advisors Inc. increased its position in shares of Apartment Investment and Management by 1.2% in the second quarter. 1st Global Advisors Inc. now owns 13,003 shares of the real estate investment trust’s stock worth $574,000 after buying an additional 154 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Apartment Investment and Management by 0.4% in the second quarter. State of Alaska Department of Revenue now owns 74,486 shares of the real estate investment trust’s stock worth $3,289,000 after buying an additional 291 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Apartment Investment and Management during the second quarter worth approximately $318,000. Sarasin & Partners LLP increased its position in shares of Apartment Investment and Management by 1.1% in the second quarter. Sarasin & Partners LLP now owns 71,301 shares of the real estate investment trust’s stock worth $3,149,000 after buying an additional 771 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of Apartment Investment and Management by 1.8% in the second quarter. Capstone Asset Management Co. now owns 10,604 shares of the real estate investment trust’s stock worth $468,000 after buying an additional 189 shares during 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.

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