Apartment Investment and Management Co (AIV) Shares Sold by Stephens Inc. AR

Stephens Inc. AR lessened its stake in Apartment Investment and Management Co (NYSE:AIV) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,124 shares of the real estate investment trust’s stock after selling 1,511 shares during the quarter. Stephens Inc. AR’s holdings in Apartment Investment and Management were worth $2,018,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Optimum Investment Advisors lifted its stake in Apartment Investment and Management by 214.1% in the first quarter. Optimum Investment Advisors now owns 2,199 shares of the real estate investment trust’s stock valued at $111,000 after acquiring an additional 1,499 shares during the last quarter. Stevens Capital Management LP acquired a new stake in Apartment Investment and Management in the first quarter valued at $1,862,000. Honeywell International Inc. acquired a new stake in Apartment Investment and Management in the first quarter valued at $3,451,000. Hartz Capital Inc. acquired a new stake in Apartment Investment and Management in the first quarter valued at $1,477,000. Finally, Pearl River Capital LLC lifted its stake in Apartment Investment and Management by 1,817.8% in the first quarter. Pearl River Capital LLC now owns 4,104 shares of the real estate investment trust’s stock valued at $206,000 after acquiring an additional 3,890 shares during the last quarter.

A number of analysts have commented on AIV shares. Barclays cut shares of Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 price target for the company. in a research note on Monday, February 4th. Zacks Investment Research cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. BMO Capital Markets reiterated a “hold” rating and issued a $47.00 price target on shares of Apartment Investment and Management in a research note on Monday, February 4th. SunTrust Banks cut shares of Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research note on Monday, February 25th. They noted that the move was a valuation call. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Apartment Investment and Management in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $49.25.

In other news, insider Miles Cortez sold 9,500 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $49.50, for a total value of $470,250.00. Following the transaction, the insider now directly owns 101,826 shares of the company’s stock, valued at $5,040,387. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Keith M. Kimmel sold 25,000 shares of the stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $49.55, for a total transaction of $1,238,750.00. Following the completion of the transaction, the executive vice president now directly owns 28,753 shares in the company, valued at $1,424,711.15. The disclosure for this sale can be found here. Insiders sold 54,772 shares of company stock worth $2,715,302 over the last three months. Insiders own 2.83% of the company’s stock.

Shares of AIV opened at $49.74 on Thursday. The stock has a market capitalization of $7.45 billion, a PE ratio of 19.51, a P/E/G ratio of 3.72 and a beta of 0.65. Apartment Investment and Management Co has a fifty-two week low of $38.54 and a fifty-two week high of $51.25. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.68 and a current ratio of 0.68.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The company had revenue of $230.24 million for the quarter, compared to analyst estimates of $226.53 million. Apartment Investment and Management had a net margin of 89.47% and a return on equity of 48.32%. The company’s revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 earnings per share. Equities research analysts anticipate that Apartment Investment and Management Co will post 2.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, May 16th. Apartment Investment and Management’s payout ratio is presently 61.18%.

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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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