SG Americas Securities LLC Sells 23,398 Shares of Apartment Investment and Management Company (AIV)

SG Americas Securities LLC lessened its holdings in Apartment Investment and Management Company (NYSE:AIV) by 58.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,643 shares of the real estate investment trust’s stock after selling 23,398 shares during the quarter. SG Americas Securities LLC’s holdings in Apartment Investment and Management were worth $730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Aperio Group LLC boosted its stake in Apartment Investment and Management by 15.4% during the 2nd quarter. Aperio Group LLC now owns 44,735 shares of the real estate investment trust’s stock worth $1,922,000 after acquiring an additional 5,962 shares during the last quarter. ING Groep NV boosted its stake in Apartment Investment and Management by 0.4% during the 2nd quarter. ING Groep NV now owns 8,048 shares of the real estate investment trust’s stock worth $346,000 after acquiring an additional 29 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Apartment Investment and Management by 0.5% during the 2nd quarter. CIBC Asset Management Inc now owns 13,451 shares of the real estate investment trust’s stock worth $578,000 after acquiring an additional 69 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Apartment Investment and Management by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 76,133 shares of the real estate investment trust’s stock worth $3,271,000 after acquiring an additional 233 shares during the last quarter. Finally, TD Asset Management Inc. boosted its stake in Apartment Investment and Management by 4.7% during the 2nd quarter. TD Asset Management Inc. now owns 48,681 shares of the real estate investment trust’s stock worth $2,092,000 after acquiring an additional 2,200 shares during the last quarter. 98.30% of the stock is currently owned by institutional investors.

Shares of Apartment Investment and Management Company (NYSE:AIV) opened at $43.60 on Thursday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.59 and a current ratio of 0.59. The company has a market cap of $6,813.24, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 2.61 and a beta of 0.46. Apartment Investment and Management Company has a fifty-two week low of $41.65 and a fifty-two week high of $46.85.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.51). The company had revenue of $254.64 million for the quarter, compared to analyst estimates of $249.17 million. Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. During the same quarter last year, the business posted $0.54 earnings per share. equities analysts anticipate that Apartment Investment and Management Company will post 2.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 17th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, November 16th. This represents a $1.44 annualized dividend and a yield of 3.30%. Apartment Investment and Management’s dividend payout ratio (DPR) is currently 109.92%.

In other news, CEO Terry Considine sold 111,577 shares of Apartment Investment and Management stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total value of $4,910,503.77. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John E. Bezzant sold 7,564 shares of Apartment Investment and Management stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $44.77, for a total transaction of $338,640.28. Following the completion of the sale, the insider now owns 48,422 shares in the company, valued at $2,167,852.94. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Several research analysts recently weighed in on AIV shares. Mizuho raised shares of Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 price objective on the stock in a research note on Monday, November 6th. Zacks Investment Research upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. UBS downgraded shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 target price on the stock. in a report on Friday, September 8th. TheStreet downgraded shares of Apartment Investment and Management from a “b-” rating to a “c+” rating in a report on Friday, November 3rd. Finally, BMO Capital Markets restated a “sell” rating and set a $44.00 target price on shares of Apartment Investment and Management in a report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $47.89.

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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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