Apartment Investment and Management Company (AIV) Stake Held by Whittier Trust Co.

Whittier Trust Co. continued to hold its position in shares of Apartment Investment and Management Company (NYSE:AIV) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,729 shares of the real estate investment trust’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Apartment Investment and Management were worth $246,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AIV. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Apartment Investment and Management by 6.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,601 shares of the real estate investment trust’s stock worth $1,180,000 after buying an additional 1,563 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp acquired a new position in shares of Apartment Investment and Management during the first quarter worth about $851,000. First Quadrant L P CA acquired a new position in shares of Apartment Investment and Management during the first quarter worth about $4,288,000. Hartford Investment Management Co. increased its position in shares of Apartment Investment and Management by 0.5% in the first quarter. Hartford Investment Management Co. now owns 36,458 shares of the real estate investment trust’s stock worth $1,617,000 after buying an additional 173 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its position in shares of Apartment Investment and Management by 0.6% in the first quarter. Duff & Phelps Investment Management Co. now owns 1,019,917 shares of the real estate investment trust’s stock worth $45,233,000 after buying an additional 6,225 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Company (NYSE:AIV) traded down 0.42% during midday trading on Friday, reaching $45.55. 667,667 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $44.03 and its 200-day moving average price is $44.21. The company has a market capitalization of $7.15 billion, a PE ratio of 35.87 and a beta of 0.44. Apartment Investment and Management Company has a 1-year low of $39.66 and a 1-year high of $47.91.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The business had revenue of $246.24 million for the quarter, compared to the consensus estimate of $240.78 million. Apartment Investment and Management had a net margin of 20.64% and a return on equity of 12.46%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Equities analysts expect that Apartment Investment and Management Company will post $0.50 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Wednesday, August 16th. Apartment Investment and Management’s payout ratio is 113.39%.

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A number of equities analysts have recently issued reports on the company. BidaskClub raised Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Friday. Canaccord Genuity set a $50.00 price target on Apartment Investment and Management and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Barclays PLC boosted their price objective on shares of Apartment Investment and Management from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Bank of America Corporation lowered shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $47.00 price objective on the stock. in a report on Friday, June 16th. Finally, Zacks Investment Research lowered shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Apartment Investment and Management currently has a consensus rating of “Hold” and a consensus price target of $46.88.

Apartment Investment and Management Company Profile

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It operates through two segments: conventional real estate and affordable real estate.

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

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