ARP Americas LP Takes $391,000 Position in Apartment Investment and Management Co (NYSE:AIV)

ARP Americas LP acquired a new stake in Apartment Investment and Management Co (NYSE:AIV) during the second quarter, HoldingsChannel reports. The firm acquired 10,380 shares of the real estate investment trust’s stock, valued at approximately $391,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AIV. Nissay Asset Management Corp Japan ADV lifted its position in Apartment Investment and Management by 3.0% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 11,607 shares of the real estate investment trust’s stock worth $408,000 after acquiring an additional 342 shares during the period. Gateway Investment Advisers LLC lifted its holdings in shares of Apartment Investment and Management by 0.4% in the 1st quarter. Gateway Investment Advisers LLC now owns 87,947 shares of the real estate investment trust’s stock valued at $3,091,000 after buying an additional 346 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Apartment Investment and Management by 98.1% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 929 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 460 shares during the period. Optimum Investment Advisors lifted its holdings in shares of Apartment Investment and Management by 18.5% in the 1st quarter. Optimum Investment Advisors now owns 3,199 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 500 shares during the period. Finally, American International Group Inc. lifted its holdings in shares of Apartment Investment and Management by 1.0% in the 1st quarter. American International Group Inc. now owns 53,515 shares of the real estate investment trust’s stock valued at $1,881,000 after buying an additional 552 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.

NYSE AIV traded up $0.52 during mid-day trading on Friday, hitting $38.82. The stock had a trading volume of 2,984,703 shares, compared to its average volume of 963,944. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.67. The company has a 50 day simple moving average of $37.68 and a 200 day simple moving average of $41.66. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 9.82 and a beta of 0.85. Apartment Investment and Management Co has a 52-week low of $24.53 and a 52-week high of $55.68.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.62). The company had revenue of $224.50 million for the quarter, compared to analysts’ expectations of $228.15 million. Apartment Investment and Management had a return on equity of 11.34% and a net margin of 22.75%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. As a group, equities analysts anticipate that Apartment Investment and Management Co will post 2.49 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.22%. The ex-dividend date is Thursday, August 13th. Apartment Investment and Management’s payout ratio is 65.60%.

Several analysts have recently commented on the company. SunTrust Banks raised Apartment Investment and Management from a “hold” rating to a “buy” rating and raised their price target for the company from $43.00 to $44.00 in a report on Thursday, June 18th. Citigroup dropped their price objective on Apartment Investment and Management from $55.00 to $35.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Bank of America downgraded Apartment Investment and Management from a “neutral” rating to an “underperform” rating in a research note on Monday, May 18th. Raymond James downgraded Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th. Finally, Mizuho downgraded Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $37.00 price objective for the company. in a research note on Tuesday, May 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Apartment Investment and Management presently has a consensus rating of “Hold” and a consensus target price of $47.50.

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 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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