Apartment Investment and Management Co (AIV) Position Maintained by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky held its stake in shares of Apartment Investment and Management Co (NYSE:AIV) during the fourth quarter, Holdings Channel reports. The firm owned 20,806 shares of the real estate investment trust’s stock at the end of the fourth quarter. Teachers Retirement System of The State of Kentucky’s holdings in Apartment Investment and Management were worth $946,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Apartment Investment and Management during the fourth quarter worth approximately $123,000. Toronto Dominion Bank purchased a new stake in shares of Apartment Investment and Management during the third quarter worth approximately $148,000. Bailard Inc. purchased a new stake in shares of Apartment Investment and Management during the third quarter worth approximately $207,000. Tower Research Capital LLC TRC raised its stake in shares of Apartment Investment and Management by 4,584.0% in the third quarter. Tower Research Capital LLC TRC now owns 4,684 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 4,584 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Apartment Investment and Management by 0.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,970 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 30 shares in the last quarter.

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

Apartment Investment and Management Co (NYSE:AIV) opened at 44.21 on Monday. Apartment Investment and Management Co has a 52 week low of $39.14 and a 52 week high of $47.91. The stock’s 50 day moving average price is $44.85 and its 200 day moving average price is $44.02. The firm has a market capitalization of $6.94 billion, a P/E ratio of 16.56 and a beta of 0.36.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, February 2nd. The real estate investment trust reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. Apartment Investment and Management had a return on equity of 24.85% and a net margin of 42.78%. The company had revenue of $249.49 million for the quarter, compared to the consensus estimate of $241.62 million. During the same period last year, the business posted $0.58 EPS. The company’s revenue was up 1.5% on a year-over-year basis. On average, equities analysts expect that Apartment Investment and Management Co will post $0.55 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Friday, February 17th were paid a $0.36 dividend. This is an increase from Apartment Investment and Management’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Wednesday, February 15th. Apartment Investment and Management’s dividend payout ratio (DPR) is 49.62%.

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A number of equities research analysts recently commented on AIV shares. Zacks Investment Research upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Tuesday, January 31st. Barclays PLC decreased their price target on Apartment Investment and Management from $49.00 to $47.00 and set an “equal weight” rating for the company in a report on Monday, January 23rd. Canaccord Genuity set a $48.00 price target on Apartment Investment and Management and gave the company a “hold” rating in a report on Tuesday, February 7th. BMO Capital Markets downgraded Apartment Investment and Management from a “market perform” rating to an “underperform” rating and set a $42.00 price target for the company. in a report on Friday, February 17th. Finally, Mizuho reissued a “buy” rating on shares of Apartment Investment and Management in a report on Friday, December 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $45.22.

In other Apartment Investment and Management news, insider Miles Cortez sold 2,927 shares of Apartment Investment and Management stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $44.48, for a total value of $130,192.96. Following the transaction, the insider now directly owns 107,184 shares in the company, valued at approximately $4,767,544.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa R. Cohn sold 2,438 shares of Apartment Investment and Management stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $45.17, for a total value of $110,124.46. Following the completion of the transaction, the insider now owns 64,987 shares in the company, valued at $2,935,462.79. The disclosure for this sale can be found here. Insiders sold a total of 15,365 shares of company stock worth $707,517 over the last quarter. Company insiders own 1.71% of the company’s stock.

About Apartment Investment and Management

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust. The Company, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. Its segments include conventional real estate and affordable real estate.

5 Day Chart for NYSE:AIV

Want to see what other hedge funds are holding AIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apartment Investment and Management Co (NYSE:AIV).

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