Swiss National Bank Has $11.24 Million Holdings in Apartment Investment and Management Company (AIV)

Swiss National Bank grew its holdings in shares of Apartment Investment and Management Company (NYSE:AIV) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,600 shares of the real estate investment trust’s stock after buying an additional 2,100 shares during the quarter. Swiss National Bank owned approximately 0.17% of Apartment Investment and Management worth $11,241,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AIV. Great West Life Assurance Co. Can lifted its position in Apartment Investment and Management by 0.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 116,010 shares of the real estate investment trust’s stock worth $5,143,000 after buying an additional 474 shares in the last quarter. Comerica Bank lifted its position in Apartment Investment and Management by 10.2% during the 1st quarter. Comerica Bank now owns 62,401 shares of the real estate investment trust’s stock worth $2,774,000 after buying an additional 5,794 shares in the last quarter. LS Investment Advisors LLC lifted its position in Apartment Investment and Management by 64.6% during the 1st quarter. LS Investment Advisors LLC now owns 6,092 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 2,392 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Apartment Investment and Management by 4.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,441 shares of the real estate investment trust’s stock worth $1,838,000 after buying an additional 1,642 shares in the last quarter. Finally, World Asset Management Inc lifted its position in Apartment Investment and Management by 9.3% during the 1st quarter. World Asset Management Inc now owns 17,768 shares of the real estate investment trust’s stock worth $788,000 after buying an additional 1,514 shares in the last quarter. 98.42% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Keith M. Kimmel sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the transaction, the executive vice president now directly owns 28,481 shares of the company’s stock, valued at $1,310,126. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

Apartment Investment and Management Company (AIV) opened at 45.57 on Wednesday. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 35.88 and a beta of 0.45. The stock’s 50 day moving average is $45.40 and its 200 day moving average is $44.31. 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 released 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 net margin of 20.64% and a return on equity of 12.46%. The company had revenue of $246.24 million for the quarter, compared to analyst estimates of $240.78 million. During the same period last year, the firm earned $0.59 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. Analysts predict that Apartment Investment and Management Company will post $0.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 18th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Wednesday, August 16th. Apartment Investment and Management’s payout ratio is currently 113.39%.

Several brokerages have commented on AIV. BidaskClub raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Thursday, May 18th. Mizuho cut shares of Apartment Investment and Management from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $45.00 to $42.00 in a research report on Monday, July 10th. Canaccord Genuity set a $50.00 price target on shares of Apartment Investment and Management and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets reissued a “sell” rating and set a $42.00 price target on shares of Apartment Investment and Management in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $46.90.

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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.

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

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