Hsbc Holdings PLC reduced its position in Apartment Investment and Management Co (NYSE:AIV) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,113 shares of the real estate investment trust’s stock after selling 11,800 shares during the period. Hsbc Holdings PLC’s holdings in Apartment Investment and Management were worth $5,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of AIV. First Trust Advisors LP grew its stake in Apartment Investment and Management by 68.6% in the 3rd quarter. First Trust Advisors LP now owns 154,480 shares of the real estate investment trust’s stock valued at $6,817,000 after buying an additional 62,881 shares in the last quarter. Victory Capital Management Inc. grew its stake in Apartment Investment and Management by 0.4% in the 3rd quarter. Victory Capital Management Inc. now owns 304,769 shares of the real estate investment trust’s stock valued at $13,449,000 after buying an additional 1,201 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Apartment Investment and Management by 2.9% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 164,614 shares of the real estate investment trust’s stock valued at $7,264,000 after buying an additional 4,591 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Apartment Investment and Management by 16.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 579,838 shares of the real estate investment trust’s stock valued at $25,588,000 after buying an additional 83,057 shares in the last quarter. Finally, Redpoint Investment Management Pty Ltd purchased a new position in shares of Apartment Investment and Management during the 3rd quarter valued at $503,000. Hedge funds and other institutional investors own 93.37% of the company’s stock.

In other news, CEO Terry Considine sold 100,000 shares of Apartment Investment and Management stock in a transaction on Monday, February 11th. The shares were sold at an average price of $49.28, for a total transaction of $4,928,000.00. Following the completion of the sale, the chief executive officer now directly owns 378,365 shares of the company’s stock, valued at approximately $18,645,827.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas L. Keltner sold 3,500 shares of Apartment Investment and Management stock in a transaction on Monday, December 17th. The stock was sold at an average price of $46.67, for a total transaction of $163,345.00. Following the sale, the director now directly owns 37,829 shares of the company’s stock, valued at $1,765,479.43. The disclosure for this sale can be found here. Insiders have sold a total of 170,677 shares of company stock valued at $8,411,724 over the last ninety days. 2.83% of the stock is currently owned by insiders.

AIV opened at $50.77 on Friday. The firm has a market cap of $7.26 billion, a PE ratio of 19.91, a PEG ratio of 3.75 and a beta of 0.67. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 2.49. Apartment Investment and Management Co has a one year low of $38.40 and a one year high of $50.79.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.61). Apartment Investment and Management had a return on equity of 39.20% and a net margin of 68.29%. The company had revenue of $232.00 million for the quarter, compared to the consensus estimate of $234.44 million. During the same period in the prior year, the firm posted $1.67 earnings per share. The business’s revenue was down 9.1% on a year-over-year basis. Sell-side analysts forecast that Apartment Investment and Management Co will post 2.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, February 22nd will be issued a dividend of $0.39 per share. This is an increase from Apartment Investment and Management’s previous quarterly dividend of $0.38. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Thursday, February 21st. Apartment Investment and Management’s payout ratio is currently 61.18%.

A number of research analysts have recently commented on the stock. Wells Fargo & Co restated a “buy” rating on shares of Apartment Investment and Management in a research report on Monday, March 4th. SunTrust Banks lowered shares of Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research report on Monday, February 25th. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and set a $47.00 price target on shares of Apartment Investment and Management in a research report on Monday, February 4th. Barclays lowered shares of Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 price target for the company. in a research report on Monday, February 4th. Finally, Zacks Investment Research upgraded shares of Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $48.13.

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About Apartment Investment and Management

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 132 communities in 17 states and the District of Columbia.

Further Reading: Return on Equity (ROE)

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

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