Citadel Advisors LLC lowered its holdings in shares of Apartment Investment and Management Company (NYSE:AIV) by 77.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 77,635 shares of the real estate investment trust’s stock after selling 266,180 shares during the period. Citadel Advisors LLC’s holdings in Apartment Investment and Management were worth $3,405,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Apartment Investment and Management by 2.9% during the second quarter. BlackRock Inc. now owns 12,834,106 shares of the real estate investment trust’s stock worth $551,483,000 after buying an additional 362,331 shares during the period. Principal Financial Group Inc. increased its position in shares of Apartment Investment and Management by 4.5% during the third quarter. Principal Financial Group Inc. now owns 7,819,386 shares of the real estate investment trust’s stock worth $342,958,000 after buying an additional 337,427 shares during the period. Renaissance Technologies LLC increased its position in shares of Apartment Investment and Management by 86.0% during the second quarter. Renaissance Technologies LLC now owns 4,072,785 shares of the real estate investment trust’s stock worth $175,008,000 after buying an additional 1,883,585 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Apartment Investment and Management by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,208,512 shares of the real estate investment trust’s stock worth $94,899,000 after buying an additional 64,981 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Apartment Investment and Management by 20.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,200,588 shares of the real estate investment trust’s stock worth $94,560,000 after buying an additional 371,790 shares during the period. 98.30% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in 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. BMO Capital Markets reiterated a “sell” rating and set a $44.00 price objective on shares of Apartment Investment and Management in a research report on Monday, November 27th. Mizuho upgraded shares of Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 price objective for the company in a research report on Monday, November 6th. Robert W. Baird reiterated a “hold” rating and set a $46.00 price objective on shares of Apartment Investment and Management in a research report on Tuesday, October 17th. Finally, Zacks Investment Research cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $47.89.

In other news, insider John E. Bezzant sold 7,564 shares of Apartment Investment and Management stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $44.77, for a total transaction of $338,640.28. Following the completion of the transaction, the insider now directly owns 48,422 shares in the company, valued at $2,167,852.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Terry Considine sold 111,577 shares of Apartment Investment and Management stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total transaction of $4,910,503.77. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Shares of Apartment Investment and Management Company (NYSE AIV) opened at $43.99 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.35. The company has a market cap of $6,923.16, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. Apartment Investment and Management Company has a twelve month low of $41.39 and a twelve month high of $46.85.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.51). The company had revenue of $254.64 million during the quarter, compared to analyst estimates of $249.17 million. Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. During the same quarter in the previous year, the business posted $0.54 earnings per share. equities analysts predict that Apartment Investment and Management Company will post 2.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 17th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Thursday, November 16th. Apartment Investment and Management’s payout ratio is 109.92%.

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About Apartment Investment and Management

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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