Apartment Investment and Management Company (NYSE:AIV) EVP Keith M. Kimmel sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the sale, the executive vice president now owns 28,481 shares of the company’s stock, valued at $1,310,126. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Apartment Investment and Management Company (AIV) opened at 45.75 on Friday. The stock has a market capitalization of $7.18 billion, a PE ratio of 36.02 and a beta of 0.44. The company’s 50 day moving average price is $44.69 and its 200 day moving average price is $44.30. Apartment Investment and Management Company has a 12 month low of $39.66 and a 12 month high of $47.91.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Apartment Investment and Management had a return on equity of 12.46% and a net margin of 20.64%. The company had revenue of $246.24 million during the quarter, compared to the consensus estimate of $240.78 million. During the same quarter in the prior year, the firm earned $0.59 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts anticipate that Apartment Investment and Management Company will post $0.50 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.15%. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 113.39%.

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Several large investors have recently made changes to their positions in the stock. ING Groep NV increased its stake in shares of Apartment Investment and Management by 0.4% in the second quarter. ING Groep NV now owns 8,048 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 29 shares during the period. CIBC Asset Management Inc increased its stake in shares of Apartment Investment and Management by 0.5% in the second quarter. CIBC Asset Management Inc now owns 13,451 shares of the real estate investment trust’s stock worth $578,000 after buying an additional 69 shares during the period. Utah Retirement Systems increased its stake in shares of Apartment Investment and Management by 0.3% in the second quarter. Utah Retirement Systems now owns 35,735 shares of the real estate investment trust’s stock worth $1,535,000 after buying an additional 96 shares during the period. New Mexico Educational Retirement Board increased its stake in shares of Apartment Investment and Management by 0.3% in the first quarter. New Mexico Educational Retirement Board now owns 37,483 shares of the real estate investment trust’s stock worth $1,663,000 after buying an additional 100 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Apartment Investment and Management by 0.3% in the first quarter. Arizona State Retirement System now owns 38,916 shares of the real estate investment trust’s stock worth $1,726,000 after buying an additional 100 shares during the period. Institutional investors own 98.96% of the company’s stock.

AIV has been the subject of a number of recent analyst reports. Canaccord Genuity cut their price objective on 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. Zacks Investment Research upgraded Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Monday, July 24th. BidaskClub upgraded Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Mizuho cut Apartment Investment and Management from a “buy” rating to a “neutral” rating and cut their price objective for the company from $50.00 to $45.00 in a research report on Monday, May 1st. Finally, Bank of America Corporation cut 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. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Apartment Investment and Management has a consensus rating of “Hold” and a consensus 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.

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

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