Apartment Inv & Mgmt (AIV) Shares Bought by Wealthfront Inc.

Wealthfront Inc. grew its stake in Apartment Inv & Mgmt (NYSE:AIV) by 30.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,416 shares of the real estate investment trust’s stock after purchasing an additional 4,050 shares during the period. Wealthfront Inc.’s holdings in Apartment Inv & Mgmt were worth $710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AIV. Bank of Montreal Can grew its position in Apartment Inv & Mgmt by 31.5% in the 4th quarter. Bank of Montreal Can now owns 142,199 shares of the real estate investment trust’s stock worth $6,216,000 after purchasing an additional 34,057 shares during the last quarter. State of Alaska Department of Revenue grew its position in Apartment Inv & Mgmt by 30.7% in the 4th quarter. State of Alaska Department of Revenue now owns 126,601 shares of the real estate investment trust’s stock worth $5,532,000 after purchasing an additional 29,745 shares during the last quarter. Strs Ohio grew its position in Apartment Inv & Mgmt by 3.4% in the 4th quarter. Strs Ohio now owns 203,255 shares of the real estate investment trust’s stock worth $8,884,000 after purchasing an additional 6,775 shares during the last quarter. Green Street Investors LLC grew its position in Apartment Inv & Mgmt by 5.9% in the 4th quarter. Green Street Investors LLC now owns 146,200 shares of the real estate investment trust’s stock worth $6,390,000 after purchasing an additional 8,100 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Apartment Inv & Mgmt by 199.2% in the 4th quarter. SG Americas Securities LLC now owns 49,803 shares of the real estate investment trust’s stock worth $2,177,000 after purchasing an additional 33,160 shares during the last quarter.

In other news, Director Kathleen M. Nelson sold 1,318 shares of the firm’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $41.12, for a total transaction of $54,196.16. Following the completion of the transaction, the director now directly owns 43,782 shares of the company’s stock, valued at approximately $1,800,315.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

AIV has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Apartment Inv & Mgmt from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. BMO Capital Markets set a $42.00 price target on shares of Apartment Inv & Mgmt and gave the stock a “sell” rating in a research report on Monday, February 12th. SunTrust Banks set a $44.00 price target on shares of Apartment Inv & Mgmt and gave the stock a “buy” rating in a research report on Friday, March 2nd. JMP Securities lowered shares of Apartment Inv & Mgmt from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. Finally, Barclays restated a “buy” rating and issued a $48.00 price target on shares of Apartment Inv & Mgmt in a research report on Tuesday, March 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Apartment Inv & Mgmt has a consensus rating of “Hold” and a consensus target price of $46.45.

Apartment Inv & Mgmt opened at $40.62 on Tuesday, Marketbeat.com reports. The stock has a market cap of $6.43 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 2.86 and a beta of 0.41. Apartment Inv & Mgmt has a 52 week low of $40.45 and a 52 week high of $40.98. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 2.77.

Apartment Inv & Mgmt (NYSE:AIV) last released its quarterly earnings data on Monday, May 7th. The real estate investment trust reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). The business had revenue of $247.72 million for the quarter, compared to the consensus estimate of $240.46 million. Apartment Inv & Mgmt had a return on equity of 26.79% and a net margin of 38.11%. Apartment Inv & Mgmt’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 earnings per share. equities research analysts expect that Apartment Inv & Mgmt will post 2.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Friday, May 18th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Thursday, May 17th. Apartment Inv & Mgmt’s payout ratio is 62.04%.

Apartment Inv & Mgmt 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 182 communities in 22 states and the District of Columbia.

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Institutional Ownership by Quarter for Apartment Inv & Mgmt (NYSE:AIV)

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