Uniplan Investment Counsel Inc. grew its position in Apartment Investment and Management Company (NYSE:AIV) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 886,931 shares of the real estate investment trust’s stock after purchasing an additional 17,743 shares during the quarter. Apartment Investment and Management comprises approximately 1.6% of Uniplan Investment Counsel Inc.’s investment portfolio, making the stock its 22nd biggest position. Uniplan Investment Counsel Inc. owned about 0.56% of Apartment Investment and Management worth $38,900,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Schroder Investment Management Group acquired a new stake in Apartment Investment and Management during the second quarter worth approximately $124,000. Raymond James Trust N.A. acquired a new stake in Apartment Investment and Management during the second quarter worth approximately $217,000. Shelton Capital Management acquired a new stake in Apartment Investment and Management during the second quarter worth approximately $246,000. CAPROCK Group Inc. acquired a new stake in Apartment Investment and Management during the third quarter worth approximately $251,000. Finally, Koch Industries Inc. grew its position in Apartment Investment and Management by 4,905.3% during the second quarter. Koch Industries Inc. now owns 264,831 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 259,540 shares in the last quarter. 98.30% of the stock is currently owned by institutional investors.

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

A number of equities research analysts recently issued reports on AIV shares. BidaskClub raised Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. UBS downgraded 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. Robert W. Baird reissued 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. Zacks Investment Research downgraded Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Finally, BMO Capital Markets reissued a “sell” rating on shares of Apartment Investment and Management in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Apartment Investment and Management currently has a consensus rating of “Hold” and a consensus target price of $47.89.

Shares of Apartment Investment and Management Company (AIV) opened at $43.39 on Wednesday. The firm has a market capitalization of $6,899.60, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 2.64 and a beta of 0.46. Apartment Investment and Management Company has a twelve month low of $41.65 and a twelve month high of $46.85. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.35.

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

The firm also recently announced 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 dividend yield of 3.32%. The ex-dividend date was Thursday, November 16th. Apartment Investment and Management’s dividend payout ratio is presently 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.

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

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