Meeder Asset Management Inc. Acquires 529 Shares of Apartment Investment and Management Co (NYSE:AIV)

Meeder Asset Management Inc. lifted its holdings in shares of Apartment Investment and Management Co (NYSE:AIV) by 3.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,776 shares of the real estate investment trust’s stock after acquiring an additional 529 shares during the quarter. Meeder Asset Management Inc.’s holdings in Apartment Investment and Management were worth $791,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in AIV. AJO LP raised its holdings in shares of Apartment Investment and Management by 113.6% during the first quarter. AJO LP now owns 1,708,262 shares of the real estate investment trust’s stock valued at $85,908,000 after acquiring an additional 908,403 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Apartment Investment and Management by 7.7% during the first quarter. Principal Financial Group Inc. now owns 8,204,694 shares of the real estate investment trust’s stock valued at $412,614,000 after acquiring an additional 589,211 shares in the last quarter. Hexavest Inc. bought a new position in shares of Apartment Investment and Management during the second quarter valued at approximately $22,138,000. FMR LLC raised its holdings in shares of Apartment Investment and Management by 5.7% during the first quarter. FMR LLC now owns 6,614,021 shares of the real estate investment trust’s stock valued at $332,619,000 after acquiring an additional 358,290 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. raised its holdings in shares of Apartment Investment and Management by 32.5% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,415,282 shares of the real estate investment trust’s stock valued at $70,934,000 after acquiring an additional 346,827 shares in the last quarter. Institutional investors own 97.79% of the company’s stock.

In other news, Director Kathleen M. Nelson sold 2,400 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $50.16, for a total value of $120,384.00. Following the sale, the director now directly owns 44,329 shares of the company’s stock, valued at $2,223,542.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.83% of the company’s stock.

AIV has been the subject of a number of research reports. ValuEngine downgraded Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BMO Capital Markets set a $55.00 price objective on Apartment Investment and Management and gave the stock a “hold” rating in a report on Friday, August 2nd. Mizuho upgraded Apartment Investment and Management from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, August 6th. Finally, Zelman & Associates upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $52.00.

AIV opened at $50.60 on Thursday. The stock has a fifty day simple moving average of $50.56 and a two-hundred day simple moving average of $50.15. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 2.17. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 3.31 and a beta of 0.57. Apartment Investment and Management Co has a 12-month low of $41.73 and a 12-month high of $52.49.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The firm had revenue of $224.20 million during the quarter, compared to the consensus estimate of $224.36 million. Apartment Investment and Management had a return on equity of 49.61% and a net margin of 98.61%. Apartment Investment and Management’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.59 EPS. On average, analysts predict that Apartment Investment and Management Co will post 2.48 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a $0.39 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 3.08%. Apartment Investment and Management’s dividend payout ratio (DPR) is 61.18%.

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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