4,591 Shares in Apartment Investment and Management Co (NYSE:AIV) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd purchased a new stake in shares of Apartment Investment and Management Co (NYSE:AIV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,591 shares of the real estate investment trust’s stock, valued at approximately $237,000.

A number of other large investors have also made changes to their positions in AIV. Rafferty Asset Management LLC lifted its position in Apartment Investment and Management by 9.0% during the 4th quarter. Rafferty Asset Management LLC now owns 28,285 shares of the real estate investment trust’s stock valued at $1,461,000 after acquiring an additional 2,346 shares during the period. California State Teachers Retirement System boosted its stake in shares of Apartment Investment and Management by 0.3% during the 3rd quarter. California State Teachers Retirement System now owns 235,468 shares of the real estate investment trust’s stock worth $12,277,000 after acquiring an additional 636 shares during the last quarter. Man Group plc boosted its stake in shares of Apartment Investment and Management by 7.6% during the 3rd quarter. Man Group plc now owns 165,000 shares of the real estate investment trust’s stock worth $8,603,000 after acquiring an additional 11,722 shares during the last quarter. State Street Corp grew its position in shares of Apartment Investment and Management by 0.4% during the 3rd quarter. State Street Corp now owns 9,412,335 shares of the real estate investment trust’s stock valued at $490,759,000 after acquiring an additional 39,864 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of Apartment Investment and Management by 64.6% during the 3rd quarter. Squarepoint Ops LLC now owns 184,132 shares of the real estate investment trust’s stock valued at $9,601,000 after acquiring an additional 72,286 shares during the period. Institutional investors own 99.00% of the company’s stock.

NYSE:AIV traded up $2.50 on Thursday, reaching $33.01. 1,914,857 shares of the company’s stock traded hands, compared to its average volume of 1,406,262. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.42. The stock has a 50-day simple moving average of $47.28 and a 200-day simple moving average of $51.29. The firm has a market cap of $3.92 billion, a PE ratio of 10.35, a P/E/G ratio of 2.27 and a beta of 0.63. Apartment Investment and Management Co has a 12 month low of $24.53 and a 12 month high of $55.68.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.90 EPS for the quarter, topping the consensus estimate of $0.65 by $0.25. The business had revenue of $230.03 million for the quarter, compared to analysts’ expectations of $223.91 million. Apartment Investment and Management had a net margin of 51.85% and a return on equity of 25.88%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 EPS. On average, equities analysts anticipate that Apartment Investment and Management Co will post 2.66 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.97%. The ex-dividend date was Thursday, February 13th. This is a positive change from Apartment Investment and Management’s previous quarterly dividend of $0.39. Apartment Investment and Management’s payout ratio is 65.60%.

AIV has been the subject of several analyst reports. BMO Capital Markets lowered shares of Apartment Investment and Management from an “outperform” rating to a “market perform” rating and set a $54.00 target price for the company. in a report on Tuesday, January 28th. TheStreet downgraded shares of Apartment Investment and Management from a “b-” rating to a “c+” rating in a report on Tuesday, March 17th. Finally, SunTrust Banks upped their price target on shares of Apartment Investment and Management from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, November 29th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Apartment Investment and Management currently has an average rating of “Hold” and a consensus price target of $55.60.

In other news, CEO Terry Considine sold 30,000 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $51.17, for a total transaction of $1,535,100.00. Following the transaction, the chief executive officer now directly owns 280,879 shares of the company’s stock, valued at $14,372,578.43. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Lisa R. Cohn sold 7,482 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $53.77, for a total value of $402,307.14. Following the transaction, the executive vice president now directly owns 88,835 shares in the company, valued at $4,776,657.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,284 shares of company stock valued at $6,504,580. 1.44% of the stock is currently owned by company insiders.

Apartment Investment and Management Company 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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