OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Apartment Investment and Management Company (NYSE:AIV) by 190.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,900 shares of the real estate investment trust’s stock after buying an additional 1,900 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Apartment Investment and Management were worth $129,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Apartment Investment and Management by 2.8% in the first quarter. Vanguard Group Inc. now owns 27,397,533 shares of the real estate investment trust’s stock valued at $1,215,081,000 after buying an additional 748,512 shares during the last quarter. BlackRock Inc. increased its stake in Apartment Investment and Management by 3,261.5% in the first quarter. BlackRock Inc. now owns 12,471,775 shares of the real estate investment trust’s stock valued at $553,123,000 after buying an additional 12,100,758 shares during the last quarter. Principal Financial Group Inc. increased its stake in Apartment Investment and Management by 1.5% in the first quarter. Principal Financial Group Inc. now owns 6,780,055 shares of the real estate investment trust’s stock valued at $300,801,000 after buying an additional 101,279 shares during the last quarter. Renaissance Technologies LLC increased its stake in Apartment Investment and Management by 38.0% in the first quarter. Renaissance Technologies LLC now owns 2,189,200 shares of the real estate investment trust’s stock valued at $97,091,000 after buying an additional 602,400 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Apartment Investment and Management by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,143,531 shares of the real estate investment trust’s stock valued at $95,065,000 after buying an additional 32,118 shares during the last quarter. 99.27% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Investment and Management Company (AIV) traded up 0.09% on Thursday, reaching $45.53. 1,143,875 shares of the company’s stock were exchanged. Apartment Investment and Management Company has a 12 month low of $39.66 and a 12 month high of $47.91. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 35.57 and a beta of 0.44. The firm has a 50-day moving average of $43.72 and a 200-day moving average of $44.13.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $246.24 million during the quarter, compared to analysts’ expectations of $240.78 million. Apartment Investment and Management had a net margin of 20.64% and a return on equity of 12.46%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. On average, equities analysts expect that Apartment Investment and Management Company will post $0.50 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 18th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Wednesday, August 16th. Apartment Investment and Management’s dividend payout ratio (DPR) is currently 113.39%.

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Several equities research analysts have recently weighed in on AIV shares. Zacks Investment Research downgraded shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Barclays PLC boosted their target price on shares of Apartment Investment and Management from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Bank of America Corporation downgraded shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $47.00 price objective for the company. in a research report on Friday, June 16th. Canaccord Genuity lowered their price objective on shares of Apartment Investment and Management from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, May 2nd. Finally, Mizuho downgraded shares of Apartment Investment and Management from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $45.00 to $42.00 in a research report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $46.88.

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.

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

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