Apartment Investment and Management Co (AIV) Shares Sold by RMR Advisors LLC

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RMR Advisors LLC lessened its stake in Apartment Investment and Management Co (NYSE:AIV) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,451 shares of the real estate investment trust’s stock after selling 794 shares during the period. RMR Advisors LLC’s holdings in Apartment Investment and Management were worth $1,280,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AIV. Shine Investment Advisory Services Inc. raised its stake in shares of Apartment Investment and Management by 69.3% in the first quarter. Shine Investment Advisory Services Inc. now owns 7,939 shares of the real estate investment trust’s stock valued at $399,000 after purchasing an additional 3,249 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Apartment Investment and Management by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 8,452 shares of the real estate investment trust’s stock worth $425,000 after buying an additional 252 shares in the last quarter. Virtu Financial LLC raised its position in shares of Apartment Investment and Management by 52.1% in the first quarter. Virtu Financial LLC now owns 10,662 shares of the real estate investment trust’s stock worth $536,000 after buying an additional 3,653 shares in the last quarter. CAPROCK Group Inc. raised its position in shares of Apartment Investment and Management by 7.0% in the first quarter. CAPROCK Group Inc. now owns 9,737 shares of the real estate investment trust’s stock worth $490,000 after buying an additional 640 shares in the last quarter. Finally, Calamos Advisors LLC raised its position in shares of Apartment Investment and Management by 1.0% in the first quarter. Calamos Advisors LLC now owns 162,788 shares of the real estate investment trust’s stock worth $8,187,000 after buying an additional 1,690 shares in the last quarter.

A number of equities research analysts recently issued reports on AIV shares. Zacks Investment Research reiterated a “buy” rating and issued a $51.00 price objective on shares of Apartment Investment and Management in a research report on Monday, December 31st. Wells Fargo & Co reiterated a “buy” rating on shares of Apartment Investment and Management in a research report on Monday, March 4th. Barclays downgraded Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 price target on the stock. in a research report on Monday, February 4th. BMO Capital Markets restated a “hold” rating and set a $54.00 price target on shares of Apartment Investment and Management in a research report on Monday, March 25th. Finally, SunTrust Banks downgraded Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research report on Monday, February 25th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.25.

NYSE AIV traded down $0.83 during trading hours on Wednesday, reaching $48.57. 273,144 shares of the stock traded hands, compared to its average volume of 1,138,539. Apartment Investment and Management Co has a 1 year low of $38.54 and a 1 year high of $51.25. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 2.49. The company has a market capitalization of $7.34 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 3.75 and a beta of 0.67.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Monday, February 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.61). Apartment Investment and Management had a net margin of 68.29% and a return on equity of 39.20%. The firm had revenue of $232.00 million for the quarter, compared to analysts’ expectations of $234.44 million. During the same quarter in the previous year, the business earned $1.67 EPS. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities analysts expect that Apartment Investment and Management Co will post 2.51 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 22nd were given a dividend of $0.39 per share. This is an increase from Apartment Investment and Management’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $1.56 dividend on an annualized basis and a yield of 3.21%. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 61.18%.

In other news, insider Lisa R. Cohn sold 1,879 shares of Apartment Investment and Management stock in a transaction dated Wednesday, January 30th. The stock was sold at an average price of $48.64, for a total value of $91,394.56. Following the transaction, the insider now owns 72,923 shares in the company, valued at $3,546,974.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Terry Considine sold 100,000 shares of Apartment Investment and Management stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $49.28, for a total value of $4,928,000.00. Following the completion of the transaction, the chief executive officer now owns 378,365 shares in the company, valued at approximately $18,645,827.20. The disclosure for this sale can be found here. Insiders have sold 167,177 shares of company stock worth $8,248,379 in the last 90 days. Company insiders own 2.83% of the company’s stock.

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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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