Securian Asset Management Inc Acquires 27,599 Shares of Apartment Investment and Management Co (NYSE:AIV)

Securian Asset Management Inc grew its holdings in shares of Apartment Investment and Management Co (NYSE:AIV) by 9.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,408 shares of the real estate investment trust’s stock after buying an additional 27,599 shares during the quarter. Securian Asset Management Inc owned approximately 0.22% of Apartment Investment and Management worth $16,409,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of 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 worth $412,614,000 after purchasing an additional 589,211 shares during the last quarter. FMR LLC increased its stake in shares of 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 worth $332,619,000 after purchasing an additional 358,290 shares during the last quarter. AJO LP increased its stake in shares of 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 worth $85,908,000 after purchasing an additional 908,403 shares during the last quarter. Duff & Phelps Investment Management Co. increased its stake in shares of 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 worth $70,934,000 after purchasing an additional 346,827 shares during the last quarter. Finally, WINTON GROUP Ltd increased its stake in shares of 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 worth $42,836,000 after purchasing an additional 215,687 shares during the last quarter. 97.79% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Miles Cortez sold 6,205 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $50.30, for a total value of $312,111.50. Following the transaction, the insider now owns 101,876 shares in the company, valued at approximately $5,124,362.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.83% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on AIV shares. Zelman & Associates upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Monday, August 12th. ValuEngine lowered shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Mizuho upgraded shares of Apartment Investment and Management from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Tuesday, August 6th. Finally, BMO Capital Markets set a $55.00 price target on shares of Apartment Investment and Management and gave the company a “hold” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Apartment Investment and Management has a consensus rating of “Hold” and an average price target of $52.00.

AIV traded down $0.13 on Tuesday, reaching $50.86. The company had a trading volume of 20,488 shares, compared to its average volume of 1,129,242. Apartment Investment and Management Co has a fifty-two week low of $41.73 and a fifty-two week high of $52.49. The stock has a market cap of $7.54 billion, a P/E ratio of 19.94, a P/E/G ratio of 3.29 and a beta of 0.57. The company’s fifty day moving average is $50.55 and its 200 day moving average is $50.14. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.22 and a current ratio of 0.22.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.60 EPS for the quarter, missing the Zacks’ 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 company had revenue of $224.20 million during the quarter, compared to analyst estimates of $224.36 million. During the same quarter last year, the company posted $0.59 EPS. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. On average, sell-side analysts expect that Apartment Investment and Management Co will post 2.48 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 3.07%. Apartment Investment and Management’s dividend payout ratio (DPR) is currently 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.

Further Reading: Bond

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

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