Apartment Investment and Management Co (NYSE:AIV) Shares Purchased by M&T Bank Corp

M&T Bank Corp lifted its position in Apartment Investment and Management Co (NYSE:AIV) by 3.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,553 shares of the real estate investment trust’s stock after purchasing an additional 371 shares during the quarter. M&T Bank Corp’s holdings in Apartment Investment and Management were worth $528,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in Apartment Investment and Management by 7.7% during the 1st quarter. Principal Financial Group Inc. now owns 8,204,694 shares of the real estate investment trust’s stock valued at $412,614,000 after purchasing an additional 589,211 shares during the last quarter. FMR LLC raised its position in Apartment Investment and Management by 5.7% during the 1st quarter. FMR LLC now owns 6,614,021 shares of the real estate investment trust’s stock valued at $332,619,000 after purchasing an additional 358,290 shares during the last quarter. AJO LP raised its position in Apartment Investment and Management by 113.6% during the 1st quarter. AJO LP now owns 1,708,262 shares of the real estate investment trust’s stock valued at $85,908,000 after purchasing an additional 908,403 shares during the last quarter. Duff & Phelps Investment Management Co. raised its position in Apartment Investment and Management by 32.5% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,415,282 shares of the real estate investment trust’s stock valued at $70,934,000 after purchasing an additional 346,827 shares during the last quarter. Finally, WINTON GROUP Ltd raised its position in Apartment Investment and Management by 33.8% during the 2nd quarter. WINTON GROUP Ltd now owns 854,663 shares of the real estate investment trust’s stock valued at $42,836,000 after purchasing an additional 215,687 shares during the last quarter. Institutional investors own 95.75% of the company’s stock.

AIV has been the subject of several research reports. Barclays decreased their target price on Apartment Investment and Management from $53.00 to $51.00 and set an “equal weight” rating for the company in a research report on Friday, September 6th. BMO Capital Markets raised Apartment Investment and Management from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $56.00 to $58.00 in a research report on Friday, September 6th. ValuEngine lowered Apartment Investment and Management from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Mizuho upgraded Apartment Investment and Management from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Tuesday, August 6th. Finally, SunTrust Banks increased their target price on Apartment Investment and Management from $49.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $52.83.

In related news, Director Kathleen M. Nelson sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $50.16, for a total value of $120,384.00. Following the completion of the transaction, the director now owns 44,329 shares of the company’s stock, valued at $2,223,542.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.83% of the company’s stock.

Shares of AIV stock opened at $51.82 on Friday. Apartment Investment and Management Co has a 12-month low of $41.73 and a 12-month high of $52.49. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 2.17. The stock’s 50-day moving average price is $50.96 and its 200-day moving average price is $50.47. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 3.36 and a beta of 0.56.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). Apartment Investment and Management had a net margin of 98.61% and a return on equity of 49.61%. The business had revenue of $224.20 million for the quarter, compared to analysts’ expectations of $224.36 million. During the same quarter last year, the firm earned $0.59 EPS. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. As a group, research analysts predict that Apartment Investment and Management Co will post 2.48 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, August 15th. Apartment Investment and Management’s dividend payout ratio (DPR) is 61.18%.

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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