Apartment Investment and Management Co (AIV) Stake Raised by Kempen Capital Management N.V.

Kempen Capital Management N.V. boosted its position in shares of Apartment Investment and Management Co (NYSE:AIV) by 55.6% during the first quarter, Holdings Channel reports. The institutional investor owned 95,923 shares of the real estate investment trust’s stock after buying an additional 34,288 shares during the period. Kempen Capital Management N.V.’s holdings in Apartment Investment and Management were worth $4,254,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. AXA raised its stake in shares of Apartment Investment and Management by 0.3% in the first quarter. AXA now owns 112,979 shares of the real estate investment trust’s stock worth $5,011,000 after buying an additional 325 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Apartment Investment and Management during the first quarter worth about $289,000. Cibc World Markets Corp raised its stake in shares of Apartment Investment and Management by 52.1% in the first quarter. Cibc World Markets Corp now owns 16,389 shares of the real estate investment trust’s stock worth $727,000 after buying an additional 5,614 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Apartment Investment and Management by 0.3% in the first quarter. Arizona State Retirement System now owns 38,916 shares of the real estate investment trust’s stock worth $1,726,000 after buying an additional 100 shares in the last quarter. Finally, Cipher Capital LP purchased a new stake in shares of Apartment Investment and Management during the first quarter worth about $1,216,000.

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

Apartment Investment and Management Co (NYSE:AIV) traded up 0.88% on Thursday, hitting $43.65. The company’s stock had a trading volume of 198,151 shares. The stock has a market cap of $6.85 billion, a PE ratio of 16.87 and a beta of 0.36. The firm has a 50 day moving average of $43.77 and a 200-day moving average of $43.91. Apartment Investment and Management Co has a 12 month low of $39.14 and a 12 month high of $47.91.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.58 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.58. The company had revenue of $246.50 million during the quarter, compared to the consensus estimate of $242.87 million. Apartment Investment and Management had a return on equity of 24.85% and a net margin of 42.78%. Apartment Investment and Management’s revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $0.57 earnings per share. On average, analysts expect that Apartment Investment and Management Co will post $0.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Friday, May 19th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Wednesday, May 17th. Apartment Investment and Management’s dividend payout ratio is currently 49.62%.

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A number of brokerages recently issued reports on AIV. BMO Capital Markets reissued a “sell” rating and issued a $42.00 target price on shares of Apartment Investment and Management in a research report on Thursday. Barclays PLC dropped their target price on Apartment Investment and Management from $49.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, May 18th. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Thursday, May 18th. Canaccord Genuity dropped their target price on Apartment Investment and Management from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, May 2nd. Finally, Mizuho lowered Apartment Investment and Management from a “buy” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $45.00 in a research report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $45.57.

In other news, Director Kathleen M. Nelson sold 1,220 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $43.59, for a total value of $53,179.80. Following the completion of the transaction, the director now directly owns 40,630 shares of the company’s stock, valued at $1,771,061.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John E. Bezzant sold 7,085 shares of the firm’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $44.25, for a total value of $313,511.25. Following the completion of the transaction, the insider now directly owns 45,717 shares of the company’s stock, valued at $2,022,977.25. The disclosure for this sale can be found here. Insiders sold 18,305 shares of company stock valued at $833,891 over the last three months. 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 (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.

12 Month 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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