AT Bancorp acquired a new position in shares of Apartment Investment and Management Co. (NYSE:AIV) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,285 shares of the real estate investment trust’s stock, valued at approximately $1,850,000.

A number of other large investors also recently made changes to their positions in the stock. NEXT Financial Group Inc raised its stake in shares of Apartment Investment and Management by 1.7% in the second quarter. NEXT Financial Group Inc now owns 2,913 shares of the real estate investment trust’s stock worth $128,000 after buying an additional 50 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of Apartment Investment and Management during the second quarter worth $223,000. Conning Inc. raised its stake in shares of Apartment Investment and Management by 2.1% in the second quarter. Conning Inc. now owns 5,378 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 110 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Apartment Investment and Management by 9.8% in the third quarter. Raymond James Trust N.A. now owns 5,900 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 525 shares during the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Apartment Investment and Management during the second quarter worth $279,000.

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

Apartment Investment and Management Co. (NYSE:AIV) traded up 1.56% during mid-day trading on Monday, reaching $41.70. 1,428,417 shares of the company’s stock traded hands. The stock has a market capitalization of $6.54 billion, a PE ratio of 20.16 and a beta of 0.45. Apartment Investment and Management Co. has a 52 week low of $34.97 and a 52 week high of $47.91. The stock’s 50 day moving average is $42.55 and its 200-day moving average is $43.58.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data 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. The company had revenue of $244.12 million for the quarter, compared to analyst estimates of $239.45 million. Apartment Investment and Management had a net margin of 33.39% and a return on equity of 19.95%. The business’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. On average, equities analysts anticipate that Apartment Investment and Management Co. will post $2.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Friday, November 18th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Wednesday, November 16th. Apartment Investment and Management’s dividend payout ratio is 64.08%.

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AIV has been the topic of a number of research reports. Mizuho raised shares of Apartment Investment and Management from a “neutral” rating to a “buy” rating and raised their target price for the company from $48.00 to $49.00 in a research report on Monday, October 31st. Zacks Investment Research downgraded shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. Canaccord Genuity raised their target price on shares of Apartment Investment and Management from $41.00 to $47.00 and gave the company a “hold” rating in a research report on Tuesday, August 2nd. JPMorgan Chase & Co. reissued a “hold” rating and set a $45.00 target price on shares of Apartment Investment and Management in a research report on Wednesday, November 16th. Finally, JMP Securities downgraded shares of Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 20th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $45.78.

In other news, insider Keith M. Kimmel sold 3,000 shares of the 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 transaction, the insider now owns 35,718 shares of the company’s stock, valued at approximately $1,421,933.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.71% of the company’s stock.

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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