Stephens Inc. AR Sells 3,626 Shares of Apartment Investment and Management Co (AIV)

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Stephens Inc. AR trimmed its stake in Apartment Investment and Management Co (NYSE:AIV) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,103 shares of the real estate investment trust’s stock after selling 3,626 shares during the period. Stephens Inc. AR’s holdings in Apartment Investment and Management were worth $1,908,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Calamos Advisors LLC grew its position in Apartment Investment and Management by 22.6% in the second quarter. Calamos Advisors LLC now owns 100,116 shares of the real estate investment trust’s stock valued at $4,235,000 after acquiring an additional 18,480 shares during the period. Signition LP bought a new stake in Apartment Investment and Management in the second quarter valued at $563,000. Sei Investments Co. grew its position in Apartment Investment and Management by 12.3% in the second quarter. Sei Investments Co. now owns 453,700 shares of the real estate investment trust’s stock valued at $19,191,000 after acquiring an additional 49,523 shares during the period. Schroder Investment Management Group grew its position in Apartment Investment and Management by 1,223.0% in the first quarter. Schroder Investment Management Group now owns 335,459 shares of the real estate investment trust’s stock valued at $13,670,000 after acquiring an additional 310,104 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Apartment Investment and Management by 3.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 151,448 shares of the real estate investment trust’s stock valued at $6,172,000 after acquiring an additional 4,551 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

NYSE:AIV opened at $43.49 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 2.93. The stock has a market cap of $6.89 billion, a P/E ratio of 17.75, a PEG ratio of 3.76 and a beta of 0.41. Apartment Investment and Management Co has a 52-week low of $37.97 and a 52-week high of $46.72.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, August 2nd. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.60). Apartment Investment and Management had a return on equity of 25.11% and a net margin of 36.78%. The business had revenue of $250.13 million for the quarter, compared to the consensus estimate of $242.93 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The business’s revenue was up 1.6% compared to the same quarter last year. research analysts predict that Apartment Investment and Management Co will post 2.44 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 17th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, August 16th. This represents a $1.52 annualized dividend and a dividend yield of 3.50%. Apartment Investment and Management’s dividend payout ratio is currently 62.04%.

In other news, insider Keith M. Kimmel sold 25,000 shares of Apartment Investment and Management stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $43.21, for a total transaction of $1,080,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

Several analysts have recently commented on AIV shares. Jefferies Financial Group increased their target price on Apartment Investment and Management from $42.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. ValuEngine upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Thursday, May 31st. Mizuho restated a “hold” rating and set a $44.00 target price on shares of Apartment Investment and Management in a report on Monday, August 6th. Zacks Investment Research cut Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. Finally, Bank of America increased their target price on Apartment Investment and Management from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, June 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $46.00.

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 133 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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