Cibc World Markets Corp lifted its stake in Apartment Investment and Management Company (NYSE:AIV) by 35.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,182 shares of the real estate investment trust’s stock after purchasing an additional 5,793 shares during the period. Cibc World Markets Corp’s holdings in Apartment Investment and Management were worth $953,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AIV. Schroder Investment Management Group bought a new stake in Apartment Investment and Management during the 2nd quarter worth about $124,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Apartment Investment and Management by 190.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 1,900 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Apartment Investment and Management in the 1st quarter valued at about $166,000. Raymond James Trust N.A. bought a new position in shares of Apartment Investment and Management in the 2nd quarter valued at about $217,000. Finally, Koch Industries Inc. bought a new position in shares of Apartment Investment and Management in the 1st quarter valued at about $234,000. 98.30% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/10/03/apartment-investment-and-management-company-aiv-shares-bought-by-cibc-world-markets-corp.html.

A number of equities research analysts recently weighed in on the stock. UBS AG downgraded shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 price target for the company. in a research note on Friday, September 8th. BidaskClub raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Canaccord Genuity set a $50.00 price objective on shares of Apartment Investment and Management and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $46.00 target price on shares of Apartment Investment and Management in a report on Tuesday, September 12th. Finally, Bank of America Corporation lowered shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $47.00 target price for the company. in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $46.90.

In related news, EVP Keith M. Kimmel sold 10,000 shares of Apartment Investment and Management stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the transaction, the executive vice president now directly owns 28,481 shares of the company’s stock, valued at $1,310,126. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

Shares of Apartment Investment and Management Company (AIV) opened at 43.98 on Tuesday. The firm has a 50-day moving average of $45.27 and a 200 day moving average of $44.30. The company has a market cap of $6.91 billion, a P/E ratio of 34.63 and a beta of 0.46. Apartment Investment and Management Company has a 52 week low of $39.66 and a 52 week high of $46.86.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $246.24 million during the quarter, compared to analysts’ expectations of $240.78 million. Apartment Investment and Management had a return on equity of 12.46% and a net margin of 20.64%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Equities analysts anticipate that Apartment Investment and Management Company will post $0.47 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding AIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apartment Investment and Management Company (NYSE:AIV).

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

Receive News & Stock Ratings for Apartment Investment and Management Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management Company and related stocks with our FREE daily email newsletter.