Oppenheimer & Co. Inc. Sells 1,810 Shares of Apartment Investment and Management Co (AIV)

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Oppenheimer & Co. Inc. lowered its holdings in shares of Apartment Investment and Management Co (NYSE:AIV) by 19.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 7,455 shares of the real estate investment trust’s stock after selling 1,810 shares during the period. Oppenheimer & Co. Inc.’s holdings in Apartment Investment and Management were worth $375,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AIV. Norges Bank bought a new position in shares of Apartment Investment and Management during the 4th quarter valued at $72,158,000. Millennium Management LLC grew its holdings in shares of Apartment Investment and Management by 1,121.4% during the 4th quarter. Millennium Management LLC now owns 829,481 shares of the real estate investment trust’s stock valued at $36,398,000 after purchasing an additional 761,569 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Apartment Investment and Management by 172.3% during the 4th quarter. Deutsche Bank AG now owns 958,789 shares of the real estate investment trust’s stock valued at $42,066,000 after purchasing an additional 606,725 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of Apartment Investment and Management by 915.5% during the 4th quarter. WINTON GROUP Ltd now owns 570,060 shares of the real estate investment trust’s stock valued at $25,014,000 after purchasing an additional 513,922 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Apartment Investment and Management by 3.2% during the 4th quarter. BlackRock Inc. now owns 14,083,432 shares of the real estate investment trust’s stock valued at $617,981,000 after purchasing an additional 441,243 shares during the last quarter.

In other news, insider Lisa R. Cohn sold 9,695 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $48.87, for a total value of $473,794.65. Following the completion of the sale, the insider now directly owns 88,791 shares of the company’s stock, valued at approximately $4,339,216.17. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Patti K. Fielding sold 20,272 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $49.64, for a total transaction of $1,006,302.08. Following the completion of the sale, the insider now directly owns 35,187 shares of the company’s stock, valued at $1,746,682.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,467 shares of company stock valued at $8,117,097. Corporate insiders own 2.83% of the company’s stock.

Shares of Apartment Investment and Management stock opened at $49.11 on Thursday. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 3.73 and a beta of 0.65. Apartment Investment and Management Co has a 12-month low of $38.54 and a 12-month high of $51.25. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.32 and a current ratio of 0.68.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The business had revenue of $230.24 million for the quarter, compared to analyst estimates of $226.53 million. Apartment Investment and Management had a net margin of 89.47% and a return on equity of 48.32%. The company’s revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.59 EPS. Research analysts expect that Apartment Investment and Management Co will post 2.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a $0.39 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.56 annualized dividend and a dividend yield of 3.18%. Apartment Investment and Management’s dividend payout ratio is 61.18%.

Several equities analysts recently commented on AIV shares. Barclays lowered shares of Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 target price on the stock. in a report on Monday, February 4th. Zacks Investment Research lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. BMO Capital Markets reissued a “hold” rating and issued a $47.00 price target on shares of Apartment Investment and Management in a report on Monday, February 4th. SunTrust Banks lowered shares of Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a report on Monday, February 25th. They noted that the move was a valuation call. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Apartment Investment and Management in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $49.25.

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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.

Featured Article: Certificate of Deposit (CD)

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

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