Koch Industries Inc. grew its holdings in shares of Apartment Investment and Management Company (NYSE:AIV) by 4,905.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 264,831 shares of the real estate investment trust’s stock after purchasing an additional 259,540 shares during the quarter. Koch Industries Inc. owned approximately 0.17% of Apartment Investment and Management worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group purchased a new stake in shares of Apartment Investment and Management during the 2nd quarter valued at about $124,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Apartment Investment and Management by 190.0% during 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. Raymond James Trust N.A. purchased a new stake in shares of Apartment Investment and Management during the 2nd quarter valued at about $217,000. Shelton Capital Management purchased a new stake in shares of Apartment Investment and Management during the 2nd quarter valued at about $246,000. Finally, LS Investment Advisors LLC increased its position in shares of Apartment Investment and Management by 8.6% during the 2nd quarter. LS Investment Advisors LLC now owns 6,615 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 523 shares during the last quarter. 98.18% of the stock is owned by hedge funds and other institutional investors.

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Several equities research analysts have recently commented on the stock. UBS AG lowered 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 report on Friday, September 8th. BidaskClub raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Canaccord Genuity set a $50.00 price target on shares of Apartment Investment and Management and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Robert W. Baird reaffirmed a “hold” rating and set a $46.00 price target on shares of Apartment Investment and Management in a research report on Tuesday, September 12th. Finally, Zacks Investment Research lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $46.90.

Shares of Apartment Investment and Management Company (NYSE AIV) opened at 44.13 on Friday. The company has a 50-day moving average of $44.88 and a 200 day moving average of $44.31. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 34.75 and a beta of 0.46. Apartment Investment and Management Company has a 12-month low of $39.66 and a 12-month high of $46.86.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data 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. The business 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 revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. Analysts predict that Apartment Investment and Management Company will post $0.41 earnings per share for the current year.

In other news, EVP Keith M. Kimmel sold 10,000 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 28,481 shares in the company, valued at $1,310,126. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by insiders.

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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