Hartford Investment Management Co. Acquires 21,752 Shares of Apartment Investment and Management Co (AIV)

Hartford Investment Management Co. lifted its holdings in Apartment Investment and Management Co (NYSE:AIV) by 94.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 44,780 shares of the real estate investment trust’s stock after buying an additional 21,752 shares during the quarter. Hartford Investment Management Co.’s holdings in Apartment Investment and Management were worth $1,965,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Private Capital Group LLC lifted its position in Apartment Investment and Management by 24.5% in the 4th quarter. Private Capital Group LLC now owns 1,101 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 217 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Apartment Investment and Management by 3.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 9,265 shares of the real estate investment trust’s stock valued at $407,000 after purchasing an additional 299 shares during the last quarter. Dupont Capital Management Corp lifted its position in Apartment Investment and Management by 38.0% in the 4th quarter. Dupont Capital Management Corp now owns 2,262 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 623 shares during the last quarter. We Are One Seven LLC bought a new stake in Apartment Investment and Management in the 4th quarter valued at about $39,000. Finally, Eii Capital Management Inc. lifted its position in Apartment Investment and Management by 3.8% in the 4th quarter. Eii Capital Management Inc. now owns 27,750 shares of the real estate investment trust’s stock valued at $1,218,000 after purchasing an additional 1,027 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Monday, November 26th. BMO Capital Markets reiterated a “hold” rating and issued a $47.00 price objective on shares of Apartment Investment and Management in a research report on Monday, February 4th. Barclays downgraded shares of Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 price objective on the stock. in a research report on Monday, February 4th. ValuEngine upgraded shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Finally, Wells Fargo & Co set a $50.00 price objective on shares of Apartment Investment and Management and gave the company a “buy” rating in a research report on Friday, November 16th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $47.75.

Apartment Investment and Management stock opened at $49.25 on Monday. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 3.58 and a beta of 0.71. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.43 and a current ratio of 0.32. Apartment Investment and Management Co has a 52 week low of $37.97 and a 52 week high of $49.92.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Monday, February 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.61). The company had revenue of $232.00 million for the quarter, compared to analyst estimates of $234.44 million. Apartment Investment and Management had a net margin of 68.29% and a return on equity of 39.20%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.67 EPS. As a group, research analysts forecast that Apartment Investment and Management Co will post 2.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, February 22nd will be paid a dividend of $0.39 per share. This is a boost from Apartment Investment and Management’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, February 21st. This represents a $1.56 annualized dividend and a yield of 3.17%. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 61.54%.

In other Apartment Investment and Management news, Director Thomas L. Keltner sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $46.67, for a total transaction of $163,345.00. Following the transaction, the director now owns 37,829 shares of the company’s stock, valued at approximately $1,765,479.43. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lisa R. Cohn sold 1,879 shares of Apartment Investment and Management stock in a transaction that occurred on Wednesday, January 30th. The stock was sold at an average price of $48.64, for a total transaction of $91,394.56. Following the completion of the transaction, the insider now directly owns 72,923 shares in the company, valued at approximately $3,546,974.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,210 shares of company stock worth $294,628. 1.20% of the stock is owned by corporate insiders.

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Apartment Investment and Management Company 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 133 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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