Apartment Investment and Management Co (AIV) Shares Sold by RMR Advisors LLC

RMR Advisors LLC cut its holdings in shares of Apartment Investment and Management Co (NYSE:AIV) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,451 shares of the real estate investment trust’s stock after selling 794 shares during the quarter. RMR Advisors LLC’s holdings in Apartment Investment and Management were worth $1,280,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AIV. Great West Life Assurance Co. Can boosted its position in shares of Apartment Investment and Management by 15.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 144,962 shares of the real estate investment trust’s stock valued at $5,911,000 after purchasing an additional 18,961 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Apartment Investment and Management by 16.6% in the third quarter. Macquarie Group Ltd. now owns 743,421 shares of the real estate investment trust’s stock valued at $32,808,000 after acquiring an additional 105,783 shares in the last quarter. Strs Ohio boosted its stake in Apartment Investment and Management by 5.8% in the fourth quarter. Strs Ohio now owns 227,852 shares of the real estate investment trust’s stock valued at $9,998,000 after acquiring an additional 12,588 shares in the last quarter. Citigroup Inc. boosted its stake in Apartment Investment and Management by 59.4% in the fourth quarter. Citigroup Inc. now owns 291,277 shares of the real estate investment trust’s stock valued at $12,781,000 after acquiring an additional 108,506 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Apartment Investment and Management by 13.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 170,000 shares of the real estate investment trust’s stock valued at $7,460,000 after acquiring an additional 20,000 shares in the last quarter.

In related news, insider Patti K. Fielding sold 20,272 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $49.64, for a total value of $1,006,302.08. Following the sale, the insider now directly owns 35,187 shares of the company’s stock, valued at $1,746,682.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Terry Considine sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was 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 in the company, valued at $18,645,827.20. The disclosure for this sale can be found here. Insiders have sold a total of 167,177 shares of company stock valued at $8,248,379 over the last 90 days. 2.83% of the stock is currently owned by insiders.

AIV traded down $0.83 on Wednesday, reaching $48.57. 273,144 shares of the company’s stock were exchanged, compared to its average volume of 1,138,539. The firm has a market capitalization of $7.34 billion, a PE ratio of 19.05, a PEG ratio of 3.75 and a beta of 0.67. Apartment Investment and Management Co has a twelve month low of $38.54 and a twelve month high of $51.25. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 2.49.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Monday, February 4th. The real estate investment trust reported $0.03 earnings per share 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 business had revenue of $232.00 million for the quarter, compared to analyst estimates of $234.44 million. During the same quarter in the previous year, the firm posted $1.67 earnings per share. The business’s revenue was down 9.1% compared to the same quarter last year. As a group, analysts predict that Apartment Investment and Management Co will post 2.51 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 22nd were 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 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Thursday, February 21st. Apartment Investment and Management’s dividend payout ratio (DPR) is 61.18%.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Tuesday. Barclays reiterated a “hold” rating and issued a $51.00 target price on shares of Apartment Investment and Management in a research report on Tuesday. BMO Capital Markets reiterated a “hold” rating and issued a $54.00 target price on shares of Apartment Investment and Management in a research report on Monday, March 25th. Wells Fargo & Co restated a “buy” rating on shares of Apartment Investment and Management in a research report on Monday, March 4th. Finally, SunTrust Banks lowered shares of Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research report on Monday, February 25th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $49.25.

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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.

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

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