ARP Americas LP Invests $391,000 in Apartment Investment and Management Co (NYSE:AIV)

ARP Americas LP acquired a new stake in shares of Apartment Investment and Management Co (NYSE:AIV) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,380 shares of the real estate investment trust’s stock, valued at approximately $391,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sowell Financial Services LLC boosted its holdings in Apartment Investment and Management by 1,083.8% during the 1st quarter. Sowell Financial Services LLC now owns 876 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 802 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Apartment Investment and Management by 98.1% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 929 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 460 shares during the period. Arden Trust Co bought a new position in shares of Apartment Investment and Management during the 1st quarter worth $58,000. Optimum Investment Advisors increased its stake in shares of Apartment Investment and Management by 18.5% during the first quarter. Optimum Investment Advisors now owns 3,199 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 500 shares during the period. Finally, Altshuler Shaham Ltd purchased a new position in shares of Apartment Investment and Management during the first quarter valued at $114,000. Institutional investors own 98.34% of the company’s stock.

AIV stock traded up $0.52 during trading on Friday, reaching $38.82. 2,984,703 shares of the company traded hands, compared to its average volume of 963,944. Apartment Investment and Management Co has a 12 month low of $24.53 and a 12 month high of $55.68. The business has a 50 day simple moving average of $37.68 and a 200 day simple moving average of $41.66. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 9.82 and a beta of 0.85. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.07 and a current ratio of 1.07.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.62). The company had revenue of $224.50 million for the quarter, compared to the consensus estimate of $228.15 million. Apartment Investment and Management had a net margin of 22.75% and a return on equity of 11.34%. Apartment Investment and Management’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. As a group, research analysts forecast that Apartment Investment and Management Co will post 2.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, August 13th. Apartment Investment and Management’s dividend payout ratio is presently 65.60%.

Several equities analysts have recently commented on AIV shares. SunTrust Banks upgraded Apartment Investment and Management from a “hold” rating to a “buy” rating and raised their price target for the company from $43.00 to $44.00 in a research note on Thursday, June 18th. Citigroup cut their price target on Apartment Investment and Management from $55.00 to $35.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Mizuho lowered Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $37.00 price target on the stock. in a research note on Tuesday, May 19th. Zelman & Associates lowered Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Friday, July 17th. Finally, Raymond James lowered Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a research note on Friday, June 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $47.50.

About Apartment Investment and Management

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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