California State Teachers Retirement System Has $12.28 Million Stock Position in Apartment Investment and Management Co (NYSE:AIV)

California State Teachers Retirement System raised its holdings in shares of Apartment Investment and Management Co (NYSE:AIV) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 235,468 shares of the real estate investment trust’s stock after acquiring an additional 636 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Apartment Investment and Management worth $12,277,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AIV. State Street Corp grew its position in Apartment Investment and Management by 0.4% in the third quarter. State Street Corp now owns 9,412,335 shares of the real estate investment trust’s stock valued at $490,759,000 after purchasing an additional 39,864 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Apartment Investment and Management by 10.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 4,439,017 shares of the real estate investment trust’s stock valued at $231,450,000 after acquiring an additional 406,949 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Apartment Investment and Management by 191.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,852,566 shares of the real estate investment trust’s stock valued at $92,850,000 after acquiring an additional 1,217,071 shares in the last quarter. Morgan Stanley increased its position in shares of Apartment Investment and Management by 43.2% in the second quarter. Morgan Stanley now owns 1,815,925 shares of the real estate investment trust’s stock valued at $91,014,000 after acquiring an additional 547,576 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Apartment Investment and Management by 12.5% in the second quarter. Bank of New York Mellon Corp now owns 1,707,843 shares of the real estate investment trust’s stock valued at $85,597,000 after acquiring an additional 189,955 shares during the last quarter. 99.02% of the stock is owned by institutional investors.

Shares of NYSE AIV opened at $52.90 on Wednesday. The business’s 50 day moving average price is $53.95 and its two-hundred day moving average price is $51.71. The company has a market cap of $8.01 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 4.68 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 2.38. Apartment Investment and Management Co has a twelve month low of $42.06 and a twelve month high of $55.49.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.62). The business had revenue of $229.80 million during the quarter, compared to analyst estimates of $224.73 million. Apartment Investment and Management had a net margin of 37.98% and a return on equity of 19.60%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.61 earnings per share. As a group, research analysts anticipate that Apartment Investment and Management Co will post 2.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.95%. The ex-dividend date was Thursday, November 14th. Apartment Investment and Management’s dividend payout ratio is 61.18%.

Several research analysts recently commented on the company. Zelman & Associates raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Goldman Sachs Group started coverage on Apartment Investment and Management in a research note on Friday, November 8th. They set a “buy” rating and a $62.00 price objective on the stock. Mizuho raised 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. Barclays set a $53.00 target price on shares of Apartment Investment and Management and gave the company a “hold” rating in a research note on Friday, October 11th. Finally, SunTrust Banks boosted their target price on shares of Apartment Investment and Management from $50.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, November 29th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $55.83.

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.

See Also: Lock-Up Period Expiration

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

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