New Mexico Educational Retirement Board Has $1.67 Million Position in Apartment Investment and Management Company (AIV)

New Mexico Educational Retirement Board lowered its stake in shares of Apartment Investment and Management Company (NYSE:AIV) by 2.1% during the second quarter, Holdings Channel reports. The firm owned 36,683 shares of the real estate investment trust’s stock after selling 800 shares during the period. New Mexico Educational Retirement Board’s holdings in Apartment Investment and Management were worth $1,671,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Apartment Investment and Management by 3,261.5% in the first quarter. BlackRock Inc. now owns 12,471,775 shares of the real estate investment trust’s stock valued at $553,123,000 after buying an additional 12,100,758 shares during the period. Vanguard Group Inc. increased its position in shares of Apartment Investment and Management by 2.8% in the first quarter. Vanguard Group Inc. now owns 27,397,533 shares of the real estate investment trust’s stock valued at $1,215,081,000 after buying an additional 748,512 shares during the period. Renaissance Technologies LLC increased its position in shares of Apartment Investment and Management by 38.0% in the first quarter. Renaissance Technologies LLC now owns 2,189,200 shares of the real estate investment trust’s stock valued at $97,091,000 after buying an additional 602,400 shares during the period. Presima Inc. increased its position in shares of Apartment Investment and Management by 53.5% in the second quarter. Presima Inc. now owns 1,379,400 shares of the real estate investment trust’s stock valued at $59,273,000 after buying an additional 480,900 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Apartment Investment and Management by 23.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,828,798 shares of the real estate investment trust’s stock valued at $81,108,000 after buying an additional 342,957 shares during the period. 98.28% of the stock is owned by institutional investors.

Shares of Apartment Investment and Management Company (NYSE AIV) opened at 45.55 on Friday. Apartment Investment and Management Company has a 52 week low of $39.66 and a 52 week high of $47.91. The company has a market capitalization of $7.15 billion, a PE ratio of 35.87 and a beta of 0.44. The company’s 50 day moving average is $44.03 and its 200-day moving average is $44.21.

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

The firm 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 dividend of $0.36 per share. 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 presently 113.39%.

ILLEGAL ACTIVITY WARNING: “New Mexico Educational Retirement Board Has $1.67 Million Position in Apartment Investment and Management Company (AIV)” was originally reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.thestockobserver.com/2017/08/12/new-mexico-educational-retirement-board-has-1-67-million-position-in-apartment-investment-and-management-company-aiv.html.

Several equities analysts have recently issued reports on AIV shares. Zacks Investment Research downgraded shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Barclays PLC boosted their price target 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. Canaccord Genuity reduced their price target on shares of Apartment Investment and Management from $48.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, May 2nd. Mizuho downgraded shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $45.00 in a report on Monday, May 1st. Finally, BMO Capital Markets reissued a “sell” rating and set a $42.00 price target on shares of Apartment Investment and Management in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price 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.

Want to see what other hedge funds are holding AIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apartment Investment and Management Company (NYSE:AIV).

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

Receive News & Ratings for Apartment Investment and Management Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply