Caxton Associates LP Invests $507,000 in Apartment Investment and Management Company (AIV)

Caxton Associates LP purchased a new position in Apartment Investment and Management Company (NYSE:AIV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,800 shares of the real estate investment trust’s stock, valued at approximately $507,000.

Several other large investors have also recently modified their holdings of the company. ING Groep NV boosted its stake in shares of Apartment Investment and Management by 0.4% in the second quarter. ING Groep NV now owns 8,048 shares of the real estate investment trust’s stock worth $346,000 after acquiring an additional 29 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Apartment Investment and Management by 0.5% in the second quarter. CIBC Asset Management Inc now owns 13,451 shares of the real estate investment trust’s stock worth $578,000 after acquiring an additional 69 shares during the last quarter. Utah Retirement Systems boosted its stake in shares of Apartment Investment and Management by 0.3% in the second quarter. Utah Retirement Systems now owns 35,735 shares of the real estate investment trust’s stock worth $1,535,000 after acquiring an additional 96 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Apartment Investment and Management by 0.3% in the second quarter. Retirement Systems of Alabama now owns 76,133 shares of the real estate investment trust’s stock worth $3,271,000 after acquiring an additional 233 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Apartment Investment and Management by 0.3% in the first quarter. Nomura Asset Management Co. Ltd. now owns 103,290 shares of the real estate investment trust’s stock worth $4,581,000 after acquiring an additional 310 shares during the last quarter. 98.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Apartment Investment and Management Company (NYSE:AIV) traded up 0.33% during trading on Thursday, reaching $45.12. The company had a trading volume of 73,311 shares. The firm’s 50 day moving average price is $45.07 and its 200 day moving average price is $44.31. Apartment Investment and Management Company has a 12 month low of $39.66 and a 12 month high of $46.85. The firm has a market capitalization of $7.08 billion, a P/E ratio of 35.53 and a beta of 0.46.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $246.24 million for the quarter, compared to analysts’ expectations of $240.78 million. Apartment Investment and Management had a return on equity of 12.46% and a net margin of 20.64%. Apartment Investment and Management’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. Equities analysts predict that Apartment Investment and Management Company will post $0.47 EPS for the current year.

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In other Apartment Investment and Management news, EVP Keith M. Kimmel sold 10,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the sale, the executive vice president now owns 28,481 shares in the company, valued at approximately $1,310,126. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on AIV. Robert W. Baird reaffirmed 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. UBS AG lowered Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research note on Friday, September 8th. BidaskClub raised Apartment Investment and Management from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Canaccord Genuity set a $50.00 price target on Apartment Investment and Management and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Apartment Investment and Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Apartment Investment and Management currently has an average rating of “Hold” and a consensus target price of $46.90.

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.

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

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