Clinton Group Inc. purchased a new position in Apartment Investment and Management Company (NYSE:AIV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,768 shares of the real estate investment trust’s stock, valued at approximately $506,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AIV. UBS Asset Management Americas Inc. raised its holdings in shares of Apartment Investment and Management by 20.0% in the first quarter. UBS Asset Management Americas Inc. now owns 315,296 shares of the real estate investment trust’s stock worth $13,983,000 after buying an additional 52,486 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Apartment Investment and Management by 180.0% in the first quarter. Ameriprise Financial Inc. now owns 240,317 shares of the real estate investment trust’s stock worth $10,658,000 after buying an additional 154,498 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Apartment Investment and Management in the first quarter worth $166,000. Mason Street Advisors LLC raised its holdings in shares of Apartment Investment and Management by 1.1% in the first quarter. Mason Street Advisors LLC now owns 21,699 shares of the real estate investment trust’s stock worth $962,000 after buying an additional 237 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Apartment Investment and Management by 1.5% in the first quarter. Prudential Financial Inc. now owns 220,594 shares of the real estate investment trust’s stock worth $9,783,000 after buying an additional 3,290 shares during the last quarter. 98.30% of the stock is owned by institutional investors and hedge funds.

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In other Apartment Investment and Management news, EVP Keith M. Kimmel sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the transaction, the executive vice president now 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 can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on the stock. UBS AG cut 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 report on Friday, September 8th. BidaskClub upgraded 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 stock a “hold” rating in a research note on Wednesday, August 2nd. Robert W. Baird reiterated a “hold” rating and issued a $46.00 price objective on shares of Apartment Investment and Management in a research note 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 price objective on the stock. in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $46.90.

Shares of Apartment Investment and Management Company (NYSE:AIV) opened at 44.40 on Friday. The company’s 50-day moving average is $45.11 and its 200 day moving average is $44.30. Apartment Investment and Management Company has a 52-week low of $39.66 and a 52-week high of $46.86. The firm has a market cap of $6.97 billion, a price-to-earnings ratio of 34.96 and a beta of 0.46.

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, topping the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $246.24 million during 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 quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. On average, analysts expect 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.

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

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