Apartment Investment and Management Co (AIV) Stake Raised by Riverhead Capital Management LLC

Riverhead Capital Management LLC lifted its stake in shares of Apartment Investment and Management Co (NYSE:AIV) by 14.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,904 shares of the real estate investment trust’s stock after purchasing an additional 1,510 shares during the period. Riverhead Capital Management LLC’s holdings in Apartment Investment and Management were worth $485,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in AIV. Bank of Montreal Can raised its position in shares of Apartment Investment and Management by 31.5% during the fourth 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 period. Strs Ohio raised its position in shares of Apartment Investment and Management by 3.4% during the fourth 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 period. SG Americas Securities LLC raised its position in shares of Apartment Investment and Management by 199.2% during the fourth 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 period. Lourd Capital LLC acquired a new stake in shares of Apartment Investment and Management during the fourth quarter worth $375,000. Finally, Mutual of America Capital Management LLC raised its position in shares of Apartment Investment and Management by 6.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 39,909 shares of the real estate investment trust’s stock worth $1,744,000 after purchasing an additional 2,371 shares during the period. 99.19% of the stock is currently owned by institutional investors.

Apartment Investment and Management opened at $39.51 on Friday, Marketbeat reports. The firm has a market cap of $6.26 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 2.70 and a beta of 0.41. Apartment Investment and Management Co has a 1-year low of $37.97 and a 1-year high of $46.72. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 2.77.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results 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). Apartment Investment and Management had a net margin of 38.11% and a return on equity of 26.79%. The firm had revenue of $247.72 million during the quarter, compared to analysts’ expectations of $240.46 million. During the same quarter last year, the firm earned $0.58 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. equities research analysts predict that Apartment Investment and Management Co will post 2.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 31st. Shareholders of record on Friday, May 18th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $1.52 dividend on an annualized basis and a yield of 3.85%. Apartment Investment and Management’s dividend payout ratio (DPR) is currently 62.04%.

In other Apartment Investment and Management news, Director Kathleen M. Nelson sold 1,318 shares of the business’s stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $41.12, for a total value of $54,196.16. Following the transaction, the director now owns 43,782 shares in the company, valued at $1,800,315.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. JMP Securities lowered Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 30th. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Wednesday, April 11th. Barclays dropped their price target on Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 30th. Zelman & Associates lowered Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Thursday, May 10th. Finally, BMO Capital Markets set a $42.00 price target on Apartment Investment and Management and gave the company a “sell” rating in a research report on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Apartment Investment and Management presently has an average rating of “Hold” and a consensus price target of $46.45.

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 182 communities in 22 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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