California State Teachers Retirement System trimmed its holdings in shares of Apartment Investment and Management Company (NYSE:AIV) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,009 shares of the real estate investment trust’s stock after selling 26,772 shares during the period. California State Teachers Retirement System owned about 0.17% of Apartment Investment and Management worth $11,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Stifel Financial Corp raised its stake in shares of Apartment Investment and Management by 44.8% during the third quarter. Stifel Financial Corp now owns 25,773 shares of the real estate investment trust’s stock valued at $1,130,000 after acquiring an additional 7,968 shares during the last quarter. OxFORD Asset Management LLP bought a new position in Apartment Investment and Management in the third quarter worth about $1,131,000. Dimensional Fund Advisors LP raised its stake in Apartment Investment and Management by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,282,817 shares of the real estate investment trust’s stock worth $100,124,000 after buying an additional 74,305 shares in the last quarter. Schroder Investment Management Group raised its stake in Apartment Investment and Management by 658.6% in the third quarter. Schroder Investment Management Group now owns 22,120 shares of the real estate investment trust’s stock worth $970,000 after buying an additional 19,204 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its stake in Apartment Investment and Management by 21.5% in the third quarter. Virginia Retirement Systems ET AL now owns 293,800 shares of the real estate investment trust’s stock worth $12,886,000 after buying an additional 51,900 shares in the last quarter. Institutional investors and hedge funds own 98.18% of the company’s stock.

In other news, insider John E. Bezzant sold 7,564 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $44.77, for a total transaction of $338,640.28. Following the sale, the insider now owns 48,422 shares in the company, valued at $2,167,852.94. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Terry Considine sold 111,577 shares of the stock in a transaction that occurred on 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. 1.20% of the stock is currently owned by company insiders.

Apartment Investment and Management Company (AIV) opened at $43.19 on Monday. Apartment Investment and Management Company has a one year low of $41.87 and a one year high of $46.85. The firm has a market cap of $6,790.00, a P/E ratio of 139.32, a price-to-earnings-growth ratio of 2.59 and a beta of 0.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.35.

Apartment Investment and Management (NYSE:AIV) last announced 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). Apartment Investment and Management had a net margin of 8.79% and a return on equity of 5.25%. The business had revenue of $254.64 million for the quarter, compared to the consensus estimate of $249.17 million. 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 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 17th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Thursday, November 16th. Apartment Investment and Management’s dividend payout ratio is 464.52%.

A number of equities analysts recently issued reports on AIV shares. Robert W. Baird reissued a “hold” rating and issued a $46.00 price target on shares of Apartment Investment and Management in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Mizuho raised shares of Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 price target for the company in a research note on Monday, November 6th. Raymond James Financial downgraded shares of Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $52.00 to $50.00 in a research note on Tuesday, December 12th. Finally, BMO Capital Markets reissued a “sell” rating on shares of Apartment Investment and Management in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $48.10.

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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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