Aperio Group LLC Purchases 4,676 Shares of Apartment Investment and Management Company (AIV)

Aperio Group LLC raised its position in Apartment Investment and Management Company (NYSE:AIV) by 10.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,411 shares of the real estate investment trust’s stock after purchasing an additional 4,676 shares during the quarter. Aperio Group LLC’s holdings in Apartment Investment and Management were worth $2,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Trust Advisors LP grew its stake in Apartment Investment and Management by 10.4% in the third quarter. First Trust Advisors LP now owns 147,985 shares of the real estate investment trust’s stock valued at $6,491,000 after purchasing an additional 13,965 shares in the last quarter. Boston Advisors LLC boosted its stake in shares of Apartment Investment and Management by 0.8% during the 3rd quarter. Boston Advisors LLC now owns 184,551 shares of the real estate investment trust’s stock worth $8,094,000 after acquiring an additional 1,475 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Apartment Investment and Management by 376.5% during the 3rd quarter. Nationwide Fund Advisors now owns 249,317 shares of the real estate investment trust’s stock worth $10,935,000 after acquiring an additional 196,998 shares in the last quarter. CAPROCK Group Inc. bought a new stake in shares of Apartment Investment and Management during the 3rd quarter worth about $251,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Apartment Investment and Management by 5.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 200,000 shares of the real estate investment trust’s stock worth $8,772,000 after acquiring an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 99.95% of the company’s stock.

Several analysts have recently issued reports on the company. Robert W. Baird reiterated a “hold” rating and set a $46.00 price target on shares of Apartment Investment and Management in a research note on Tuesday, October 17th. BidaskClub raised Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Monday, July 24th. Canaccord Genuity set a $50.00 price objective on Apartment Investment and Management and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets reissued a “sell” rating on shares of Apartment Investment and Management in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Apartment Investment and Management presently has an average rating of “Hold” and a consensus target price of $47.40.

In other news, EVP Keith M. Kimmel sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total value of $460,000.00. Following the completion of the transaction, the executive vice president now directly owns 28,481 shares of the company’s stock, valued at approximately $1,310,126. The sale was disclosed in a legal 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 stock was sold at an average price of $44.01, for a total value of $4,910,503.77. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Apartment Investment and Management Company (NYSE:AIV) opened at $45.47 on Tuesday. 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 capitalization of $7,086.46, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 2.68 and a beta of 0.47. Apartment Investment and Management Company has a twelve month low of $39.66 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 the consensus estimate of $0.62 by ($0.51). The firm 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 last year, the company earned $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 business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.17%. Apartment Investment and Management’s payout ratio is presently 109.92%.

COPYRIGHT VIOLATION NOTICE: “Aperio Group LLC Purchases 4,676 Shares of Apartment Investment and Management Company (AIV)” was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.truebluetribune.com/2017/11/14/aperio-group-llc-purchases-4676-shares-of-apartment-investment-and-management-company-aiv.html.

Apartment Investment and Management Company 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.

Want to see what other hedge funds are holding AIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apartment Investment and Management Company (NYSE:AIV).

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

Receive News & Ratings for Apartment Investment and Management Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply