V3 Capital Management L.P. Buys New Holdings in Apartment Investment and Management Co (NYSE:AIV)

Share on StockTwits

V3 Capital Management L.P. acquired a new stake in shares of Apartment Investment and Management Co (NYSE:AIV) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 415,200 shares of the real estate investment trust’s stock, valued at approximately $16,919,000. Apartment Investment and Management comprises approximately 3.0% of V3 Capital Management L.P.’s investment portfolio, making the stock its 9th largest position. V3 Capital Management L.P. owned approximately 0.26% of Apartment Investment and Management as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zeke Capital Advisors LLC purchased a new position in shares of Apartment Investment and Management during the fourth quarter valued at approximately $210,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Apartment Investment and Management during the first quarter valued at approximately $204,000. Allianz Asset Management GmbH purchased a new position in shares of Apartment Investment and Management during the fourth quarter valued at approximately $266,000. Vident Investment Advisory LLC raised its holdings in shares of Apartment Investment and Management by 43.0% during the fourth quarter. Vident Investment Advisory LLC now owns 6,585 shares of the real estate investment trust’s stock valued at $288,000 after purchasing an additional 1,980 shares during the last quarter. Finally, MANA Advisors LLC purchased a new position in shares of Apartment Investment and Management during the fourth quarter valued at approximately $288,000.

Several research firms have recently weighed in on AIV. Zacks Investment Research cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Monday, June 25th. Barclays reissued a “buy” rating and set a $47.00 price objective on shares of Apartment Investment and Management in a report on Tuesday, April 17th. SunTrust Banks reissued a “buy” rating and set a $45.00 price objective on shares of Apartment Investment and Management in a report on Wednesday. Zelman & Associates lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Thursday, May 10th. Finally, Bank of America boosted their target price on shares of Apartment Investment and Management from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, June 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $46.08.

In other Apartment Investment and Management news, Director Kathleen M. Nelson sold 1,318 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $41.12, for a total value of $54,196.16. Following the completion of the transaction, the director now directly owns 43,782 shares in the company, valued at $1,800,315.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Shares of Apartment Investment and Management opened at $42.30 on Friday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $6.63 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 3.67 and a beta of 0.42. Apartment Investment and Management Co has a 12-month low of $37.97 and a 12-month high of $46.72.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Monday, May 7th. The real estate investment trust reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.08). The firm had revenue of $247.72 million during the quarter, compared to the consensus estimate of $240.46 million. Apartment Investment and Management had a return on equity of 26.79% and a net margin of 38.11%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 earnings per share. equities research analysts anticipate that Apartment Investment and Management Co will post 2.44 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Friday, May 18th were given a $0.38 dividend. The ex-dividend date was Thursday, May 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.59%. Apartment Investment and Management’s payout ratio is currently 62.04%.

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 184 communities in 22 states and the District of Columbia.

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

Receive News & Ratings for Apartment Investment and Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply