Apartment Investment and Management Co (AIV) Holdings Trimmed by Guggenheim Capital LLC

Guggenheim Capital LLC decreased its position in Apartment Investment and Management Co (NYSE:AIV) by 34.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 857,197 shares of the real estate investment trust’s stock after selling 443,465 shares during the period. Guggenheim Capital LLC’s holdings in Apartment Investment and Management were worth $37,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in Apartment Investment and Management by 2.8% in the fourth quarter. BlackRock Inc. now owns 13,412,698 shares of the real estate investment trust’s stock valued at $586,268,000 after buying an additional 359,716 shares in the last quarter. Long Pond Capital LP increased its holdings in Apartment Investment and Management by 1.8% in the fourth quarter. Long Pond Capital LP now owns 6,035,465 shares of the real estate investment trust’s stock valued at $263,810,000 after buying an additional 106,638 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Apartment Investment and Management by 26.7% in the fourth quarter. Renaissance Technologies LLC now owns 5,346,637 shares of the real estate investment trust’s stock valued at $233,702,000 after buying an additional 1,127,588 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Apartment Investment and Management by 3.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,282,817 shares of the real estate investment trust’s stock valued at $100,124,000 after buying an additional 74,305 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. increased its holdings in Apartment Investment and Management by 2.0% in the third quarter. Uniplan Investment Counsel Inc. now owns 886,931 shares of the real estate investment trust’s stock valued at $38,900,000 after buying an additional 17,743 shares in the last quarter. 98.30% of the stock is owned by institutional investors.

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A number of research analysts have weighed in on AIV shares. Raymond James Financial cut shares of Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $52.00 to $50.00 in a report on Tuesday, December 12th. Zacks Investment Research cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Robert W. Baird reaffirmed a “hold” rating and issued a $42.00 price objective on shares of Apartment Investment and Management in a report on Tuesday, January 9th. BMO Capital Markets set a $42.00 target price on shares of Apartment Investment and Management and gave the stock a “sell” rating in a research note on Monday, February 12th. Finally, SunTrust Banks raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $46.55.

In related news, insider Lisa R. Cohn sold 2,858 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $41.80, for a total transaction of $119,464.40. Following the transaction, the insider now directly owns 53,071 shares in the company, valued at $2,218,367.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lisa R. Cohn sold 9,694 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $39.00, for a total transaction of $378,066.00. Following the transaction, the insider now owns 82,139 shares in the company, valued at $3,203,421. The disclosure for this sale can be found here. Insiders have sold 15,970 shares of company stock worth $641,143 over the last 90 days. 1.20% of the stock is currently owned by company insiders.

Shares of Apartment Investment and Management Co (AIV) opened at $40.46 on Tuesday. The company has a market cap of $6,401.77, a PE ratio of 20.75, a PEG ratio of 2.84 and a beta of 0.47. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.65 and a current ratio of 0.65. Apartment Investment and Management Co has a one year low of $37.97 and a one year high of $46.72.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, February 1st. The real estate investment trust reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. The business had revenue of $250.23 million during the quarter, compared to analysts’ expectations of $243.24 million. Apartment Investment and Management had a net margin of 31.19% and a return on equity of 21.25%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. research analysts forecast that Apartment Investment and Management Co will post 2.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Friday, February 16th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, February 15th. This is a positive change from Apartment Investment and Management’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 3.76%. Apartment Investment and Management’s payout ratio is presently 77.95%.

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About Apartment Investment and Management

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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