Apartment Investment and Management Company (AIV) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its stake in shares of Apartment Investment and Management Company (NYSE:AIV) by 67.3% during the first quarter, Holdings Channel reports. The institutional investor owned 20,054 shares of the real estate investment trust’s stock after selling 41,248 shares during the period. Stifel Financial Corp’s holdings in Apartment Investment and Management Company were worth $889,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Prudential Financial Inc. boosted its position in shares of Apartment Investment and Management Company by 1.5% in the first quarter. Prudential Financial Inc. now owns 220,594 shares of the real estate investment trust’s stock valued at $9,783,000 after buying an additional 3,290 shares in the last quarter. Transamerica Financial Advisors Inc. boosted its position in shares of Apartment Investment and Management Company by 1.0% in the first quarter. Transamerica Financial Advisors Inc. now owns 14,744 shares of the real estate investment trust’s stock valued at $654,000 after buying an additional 152 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Apartment Investment and Management Company during the first quarter valued at $1,137,000. NN Investment Partners Holdings N.V. boosted its position in shares of Apartment Investment and Management Company by 16.8% in the first quarter. NN Investment Partners Holdings N.V. now owns 42,483 shares of the real estate investment trust’s stock valued at $1,884,000 after buying an additional 6,115 shares in the last quarter. Finally, HGI Capital Management LLC boosted its position in shares of Apartment Investment and Management Company by 0.7% in the first quarter. HGI Capital Management LLC now owns 133,416 shares of the real estate investment trust’s stock valued at $5,917,000 after buying an additional 981 shares in the last quarter.

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

Apartment Investment and Management Company (NYSE:AIV) opened at 43.99 on Thursday. Apartment Investment and Management Company has a 52 week low of $39.66 and a 52 week high of $47.91. The stock has a 50 day moving average price of $43.54 and a 200 day moving average price of $44.21. The company has a market cap of $6.91 billion, a price-to-earnings ratio of 17.00 and a beta of 0.42.

Apartment Investment and Management Company (NYSE:AIV) last posted its earnings results on Thursday, April 27th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. The company had revenue of $246.50 million for the quarter, compared to analysts’ expectations of $242.87 million. Apartment Investment and Management Company had a return on equity of 23.66% and a net margin of 41.53%. Apartment Investment and Management Company’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. On average, equities analysts forecast that Apartment Investment and Management Company will post $0.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Friday, May 19th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $1.44 annualized dividend and a yield of 3.27%. Apartment Investment and Management Company’s payout ratio is 55.81%.

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Several equities analysts have weighed in on the company. Bank of America Corporation cut Apartment Investment and Management Company from a “buy” rating to a “neutral” rating and set a $47.00 price objective for the company. in a report on Friday, June 16th. BMO Capital Markets reiterated a “sell” rating and issued a $42.00 price target on shares of Apartment Investment and Management Company in a research note on Thursday, May 25th. Barclays PLC decreased their price target on Apartment Investment and Management Company from $49.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, May 18th. Zacks Investment Research upgraded Apartment Investment and Management Company from a “sell” rating to a “hold” rating in a research note on Thursday, May 18th. Finally, Canaccord Genuity decreased their price target on Apartment Investment and Management Company from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Apartment Investment and Management Company presently has an average rating of “Hold” and a consensus target price of $46.00.

In other Apartment Investment and Management Company news, Director Kathleen M. Nelson sold 1,220 shares of Apartment Investment and Management Company stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $43.59, for a total transaction of $53,179.80. Following the sale, the director now directly owns 40,630 shares of the company’s stock, valued at approximately $1,771,061.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John E. Bezzant sold 7,085 shares of Apartment Investment and Management Company stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $44.25, for a total value of $313,511.25. Following the sale, the insider now directly owns 45,717 shares in the company, valued at $2,022,977.25. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Apartment Investment and Management Company 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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