Tyers Asset Management LLC increased its holdings in Apartment Investment and Management Co (NYSE:AIV) by 27.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,672 shares of the real estate investment trust’s stock after acquiring an additional 4,620 shares during the quarter. Tyers Asset Management LLC’s holdings in Apartment Investment and Management were worth $1,086,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. USA Financial Portformulas Corp grew its position in Apartment Investment and Management by 31.3% during the 2nd quarter. USA Financial Portformulas Corp now owns 1,103 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 263 shares during the last quarter. Sawtooth Solutions LLC purchased a new stake in Apartment Investment and Management in the 1st quarter valued at approximately $206,000. Advisor Partners LLC acquired a new position in Apartment Investment and Management during the 2nd quarter worth approximately $206,000. HighPoint Advisor Group LLC acquired a new position in Apartment Investment and Management during the 1st quarter worth approximately $212,000. Finally, Raymond James Trust N.A. increased its position in Apartment Investment and Management by 10.1% during the 2nd quarter. Raymond James Trust N.A. now owns 4,387 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 404 shares during the period. 95.68% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently commented on the company. SunTrust Banks raised their price target on Apartment Investment and Management from $49.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, August 29th. Zelman & Associates upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Barclays reduced their target price on Apartment Investment and Management from $53.00 to $51.00 and set an “equal weight” rating for the company in a report on Friday, September 6th. ValuEngine downgraded Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Mizuho upgraded shares of Apartment Investment and Management from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Apartment Investment and Management has an average rating of “Hold” and a consensus price target of $52.83.

NYSE AIV traded up $0.13 during trading hours on Wednesday, reaching $50.91. The company’s stock had a trading volume of 312,963 shares, compared to its average volume of 1,018,351. The stock has a market cap of $7.67 billion, a PE ratio of 19.96, a PEG ratio of 3.35 and a beta of 0.56. Apartment Investment and Management Co has a fifty-two week low of $41.73 and a fifty-two week high of $52.49. The company’s 50-day moving average is $50.50 and its two-hundred day moving average is $50.31. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.22 and a current ratio of 0.22.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). Apartment Investment and Management had a net margin of 98.61% and a return on equity of 49.61%. The business had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $224.36 million. During the same quarter last year, the business posted $0.59 earnings per share. The business’s revenue was down 10.4% compared to the same quarter last year. Equities analysts expect that Apartment Investment and Management Co will post 2.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.06%. Apartment Investment and Management’s dividend payout ratio (DPR) is 61.18%.

In related news, Director Kathleen M. Nelson sold 2,400 shares of Apartment Investment and Management stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $50.16, for a total transaction of $120,384.00. Following the completion of the transaction, the director now directly owns 44,329 shares in the company, valued at approximately $2,223,542.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.83% of the company’s stock.

Apartment Investment and Management Profile

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.

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

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