Fmr LLC Raises Position in Apartment Investment and Management Co (NYSE:AIV)

FMR LLC grew its stake in shares of Apartment Investment and Management Co (NYSE:AIV) by 5.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,614,021 shares of the real estate investment trust’s stock after buying an additional 358,290 shares during the quarter. FMR LLC owned approximately 4.44% of Apartment Investment and Management worth $332,619,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AIV. Vanguard Group Inc lifted its holdings in shares of Apartment Investment and Management by 0.6% in the 3rd quarter. Vanguard Group Inc now owns 25,432,876 shares of the real estate investment trust’s stock valued at $1,122,352,000 after purchasing an additional 139,888 shares during the last quarter. Dupont Capital Management Corp raised its stake in Apartment Investment and Management by 38.0% during the 4th quarter. Dupont Capital Management Corp now owns 2,262 shares of the real estate investment trust’s stock valued at $99,000 after acquiring an additional 623 shares during the last quarter. Victory Capital Management Inc. raised its stake in Apartment Investment and Management by 13.1% during the 4th quarter. Victory Capital Management Inc. now owns 344,600 shares of the real estate investment trust’s stock valued at $15,122,000 after acquiring an additional 39,831 shares during the last quarter. Comerica Bank raised its stake in Apartment Investment and Management by 15.5% during the 4th quarter. Comerica Bank now owns 91,332 shares of the real estate investment trust’s stock valued at $4,497,000 after acquiring an additional 12,284 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its stake in Apartment Investment and Management by 3.4% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 10,779 shares of the real estate investment trust’s stock valued at $473,000 after acquiring an additional 354 shares during the last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $54.00 price objective on shares of Apartment Investment and Management in a research note on Monday, March 25th. Barclays set a €45.00 ($52.33) price objective on Zalando and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Zacks Investment Research downgraded Great Portland Estates from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $49.43.

AIV traded up $0.13 on Friday, hitting $51.74. 1,042,329 shares of the company traded hands, compared to its average volume of 1,050,342. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.68 and a quick ratio of 0.68. The stock’s 50 day moving average is $50.87. Apartment Investment and Management Co has a 12-month low of $41.18 and a 12-month high of $52.49. The firm has a market cap of $7.70 billion, a PE ratio of 20.29, a PEG ratio of 3.93 and a beta of 0.55.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. Apartment Investment and Management had a return on equity of 48.32% and a net margin of 89.47%. The company had revenue of $230.24 million for the quarter, compared to analysts’ expectations of $226.53 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. Equities analysts expect that Apartment Investment and Management Co will post 2.49 EPS for the current fiscal year.

In other Apartment Investment and Management news, insider Miles Cortez sold 6,205 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $50.30, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.83% of the company’s stock.

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.

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

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