First Trust Advisors LP increased its position in Apartment Investment and Management Company (NYSE:AIV) by 129.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,020 shares of the real estate investment trust’s stock after buying an additional 75,726 shares during the period. First Trust Advisors LP owned approximately 0.09% of Apartment Investment and Management worth $5,759,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Paloma Partners Management Co increased its stake in shares of Apartment Investment and Management by 37.9% in the first quarter. Paloma Partners Management Co now owns 52,552 shares of the real estate investment trust’s stock worth $2,331,000 after buying an additional 14,452 shares in the last quarter. Bank of Nova Scotia bought a new stake in shares of Apartment Investment and Management during the first quarter worth about $1,434,000. Transamerica Financial Advisors Inc. increased its stake in shares of Apartment Investment and Management by 1.0% in the first quarter. Transamerica Financial Advisors Inc. now owns 14,744 shares of the real estate investment trust’s stock worth $654,000 after buying an additional 152 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of Apartment Investment and Management by 4.7% in the first quarter. Janus Capital Management LLC now owns 498,357 shares of the real estate investment trust’s stock worth $22,102,000 after buying an additional 22,348 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in shares of Apartment Investment and Management by 9.7% in the first quarter. Aberdeen Asset Management PLC UK now owns 30,161 shares of the real estate investment trust’s stock worth $1,338,000 after buying an additional 2,679 shares in the last quarter. 98.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of Apartment Investment and Management Company (NYSE AIV) opened at 45.39 on Thursday. The firm has a 50 day moving average price of $44.69 and a 200-day moving average price of $44.30. The firm has a market cap of $7.13 billion, a P/E ratio of 35.74 and a beta of 0.44. Apartment Investment and Management Company has a one year low of $39.66 and a one year high of $47.91.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Friday, August 18th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.44 dividend on an annualized basis and a yield of 3.17%. Apartment Investment and Management’s dividend payout ratio is currently 113.39%.

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AIV has been the topic of a number of analyst reports. Zacks Investment Research downgraded Apartment Investment and Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Bank of America Corporation downgraded Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research report on Friday, June 16th. Barclays PLC reduced their price target on Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 18th. Mizuho downgraded Apartment Investment and Management from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $45.00 to $42.00 in a research report on Monday, July 10th. Finally, BidaskClub raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $46.88.

In other Apartment Investment and Management news, EVP Keith M. Kimmel sold 10,000 shares of Apartment Investment and Management stock in a transaction 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 sale, the executive vice president now directly owns 28,481 shares in the company, valued at approximately $1,310,126. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

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.

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

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