Public Sector Pension investment Board decreased its stake in shares of Apartment Investment and Management Company (NYSE:AIV) by 51.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,146 shares of the real estate investment trust’s stock after selling 18,500 shares during the period. Public Sector Pension investment Board’s holdings in Apartment Investment and Management were worth $737,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. UBS Asset Management Americas Inc. lifted its position in Apartment Investment and Management by 9.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 343,922 shares of the real estate investment trust’s stock worth $14,778,000 after buying an additional 28,626 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in Apartment Investment and Management by 6.9% during the 2nd quarter. Mutual of America Capital Management LLC now owns 39,438 shares of the real estate investment trust’s stock worth $1,695,000 after buying an additional 2,548 shares in the last quarter. New York State Common Retirement Fund lifted its position in Apartment Investment and Management by 0.3% during the 2nd quarter. New York State Common Retirement Fund now owns 338,700 shares of the real estate investment trust’s stock worth $14,554,000 after buying an additional 999 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in Apartment Investment and Management by 10.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 95,417 shares of the real estate investment trust’s stock worth $4,100,000 after buying an additional 8,670 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Apartment Investment and Management by 2.2% during the 2nd quarter. ProShare Advisors LLC now owns 99,617 shares of the real estate investment trust’s stock worth $4,281,000 after buying an additional 2,120 shares in the last quarter. Institutional investors and hedge funds own 98.30% of the company’s stock.

Shares of Apartment Investment and Management Company (NYSE AIV) opened at 44.74 on Friday. The firm’s 50-day moving average price is $45.14 and its 200 day moving average price is $44.30. The company has a market capitalization of $7.03 billion, a PE ratio of 35.23 and a beta of 0.46. Apartment Investment and Management Company has a one year low of $39.66 and a one year high of $46.86.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $246.24 million for the quarter, compared to analyst estimates of $240.78 million. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts anticipate that Apartment Investment and Management Company will post $0.47 earnings per share for the current year.

Several brokerages recently issued reports on AIV. BidaskClub upgraded shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Mizuho downgraded shares of 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. Canaccord Genuity set a $50.00 price target on shares of Apartment Investment and Management and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Barclays PLC reduced their price target on shares of 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. Finally, UBS AG downgraded shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.90.

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In other news, EVP Keith M. Kimmel sold 10,000 shares of Apartment Investment and Management stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the sale, the executive vice president now directly owns 28,481 shares of the company’s stock, valued at $1,310,126. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Apartment Investment and Management 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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