Marshall Wace LLP Buys Shares of 30,728 Apartment Investment and Management Co (AIV)

Share on StockTwits

Marshall Wace LLP acquired a new position in shares of Apartment Investment and Management Co (NYSE:AIV) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,728 shares of the real estate investment trust’s stock, valued at approximately $1,300,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Signition LP acquired a new stake in Apartment Investment and Management during the second quarter worth about $563,000. Calamos Advisors LLC grew its position in Apartment Investment and Management by 22.6% in the 2nd quarter. Calamos Advisors LLC now owns 100,116 shares of the real estate investment trust’s stock worth $4,235,000 after purchasing an additional 18,480 shares during the last quarter. Paloma Partners Management Co bought a new position in Apartment Investment and Management in the 2nd quarter worth about $1,654,000. Sei Investments Co. grew its position in Apartment Investment and Management by 12.3% in the 2nd quarter. Sei Investments Co. now owns 453,700 shares of the real estate investment trust’s stock worth $19,191,000 after purchasing an additional 49,523 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. grew its position in Apartment Investment and Management by 104.8% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 4,690 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 98.80% of the company’s stock.

Several research analysts have commented on the stock. Mizuho restated a “hold” rating and issued a $44.00 target price on shares of Apartment Investment and Management in a research report on Monday, August 6th. Jefferies Financial Group upped their target price on shares of Apartment Investment and Management from $42.00 to $46.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Zacks Investment Research upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. SunTrust Banks reiterated a “buy” rating and issued a $45.00 price objective on shares of Apartment Investment and Management in a report on Wednesday, June 27th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $44.00 price objective on shares of Apartment Investment and Management in a report on Thursday, July 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $45.75.

In related news, insider Keith M. Kimmel sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $43.21, for a total transaction of $1,080,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Shares of Apartment Investment and Management stock traded down $0.28 on Friday, hitting $41.85. The company had a trading volume of 1,749,636 shares, compared to its average volume of 1,016,242. The stock has a market capitalization of $6.94 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 3.79 and a beta of 0.42. Apartment Investment and Management Co has a 52 week low of $37.97 and a 52 week high of $45.64. The company has a debt-to-equity ratio of 2.93, a current ratio of 0.59 and a quick ratio of 0.59.

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

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.

Recommended Story: What Factors Can Affect Return on Equity?

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