Apartment Investment and Management Co (AIV) Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System lifted its holdings in shares of Apartment Investment and Management Co (NYSE:AIV) by 0.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 262,532 shares of the real estate investment trust’s stock after purchasing an additional 1,523 shares during the quarter. California State Teachers Retirement System’s holdings in Apartment Investment and Management were worth $11,475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AIV. AMP Capital Investors Ltd boosted its stake in Apartment Investment and Management by 23.7% in the 3rd quarter. AMP Capital Investors Ltd now owns 65,681 shares of the real estate investment trust’s stock valued at $2,880,000 after purchasing an additional 12,565 shares during the period. Toronto Dominion Bank boosted its stake in Apartment Investment and Management by 10.3% in the 4th quarter. Toronto Dominion Bank now owns 58,383 shares of the real estate investment trust’s stock valued at $2,552,000 after purchasing an additional 5,450 shares during the period. Ontario Teachers Pension Plan Board boosted its stake in Apartment Investment and Management by 1.4% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 149,493 shares of the real estate investment trust’s stock valued at $6,534,000 after purchasing an additional 2,104 shares during the period. Comerica Bank boosted its stake in Apartment Investment and Management by 27.5% in the 4th quarter. Comerica Bank now owns 78,847 shares of the real estate investment trust’s stock valued at $3,319,000 after purchasing an additional 17,004 shares during the period. Finally, California Public Employees Retirement System boosted its stake in Apartment Investment and Management by 5.1% in the 3rd quarter. California Public Employees Retirement System now owns 363,593 shares of the real estate investment trust’s stock valued at $15,947,000 after purchasing an additional 17,520 shares during the period. Institutional investors own 98.30% of the company’s stock.

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AIV stock opened at $38.62 on Friday. The firm has a market capitalization of $6,260.17, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 2.77 and a beta of 0.47. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.67. Apartment Investment and Management Co has a fifty-two week low of $37.97 and a fifty-two week high of $46.72.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $250.23 million during the quarter, compared to analysts’ expectations of $243.24 million. Apartment Investment and Management had a return on equity of 21.25% and a net margin of 31.19%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. equities research analysts anticipate that Apartment Investment and Management Co will post 2.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th were issued a $0.38 dividend. The ex-dividend date was Thursday, February 15th. This is a boost from Apartment Investment and Management’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 3.94%. Apartment Investment and Management’s payout ratio is currently 77.95%.

In other news, EVP Lisa R. Cohn sold 831 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $42.38, for a total transaction of $35,217.78. Following the completion of the transaction, the executive vice president now owns 53,071 shares of the company’s stock, valued at approximately $2,249,148.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Miles Cortez sold 2,587 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $41.90, for a total value of $108,395.30. Following the transaction, the executive vice president now directly owns 102,456 shares of the company’s stock, valued at approximately $4,292,906.40. The disclosure for this sale can be found here. Insiders sold a total of 15,970 shares of company stock valued at $641,143 over the last ninety days. Insiders own 1.20% of the company’s stock.

AIV has been the subject of several recent research reports. SunTrust Banks set a $44.00 price target on Apartment Investment and Management and gave the company a “buy” rating in a research note on Friday, March 2nd. Zacks Investment Research downgraded Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Barclays restated a “buy” rating and issued a $48.00 price target on shares of Apartment Investment and Management in a research note on Tuesday, March 13th. Robert W. Baird restated a “hold” rating and issued a $42.00 price target on shares of Apartment Investment and Management in a research note on Tuesday, January 9th. Finally, Raymond James Financial downgraded Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $52.00 to $50.00 in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $46.55.

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Apartment Investment and Management 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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