Oppenheimer Asset Management Inc. Boosts Stock Holdings in Apartment Investment and Management Co (NYSE:AIV)

Oppenheimer Asset Management Inc. boosted its stake in shares of Apartment Investment and Management Co (NYSE:AIV) by 1.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,498 shares of the real estate investment trust’s stock after acquiring an additional 192 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Apartment Investment and Management were worth $808,000 at the end of the most recent quarter.

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A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Dorsey Wright & Associates grew its stake in shares of Apartment Investment and Management by 7.6% in the 2nd quarter. Dorsey Wright & Associates now owns 6,868 shares of the real estate investment trust’s stock worth $344,000 after buying an additional 485 shares in the last quarter. Eii Capital Management Inc. grew its stake in shares of Apartment Investment and Management by 12.7% in the 2nd quarter. Eii Capital Management Inc. now owns 25,112 shares of the real estate investment trust’s stock worth $1,259,000 after buying an additional 2,830 shares in the last quarter. WINTON GROUP Ltd grew its stake in shares of Apartment Investment and Management by 33.8% in the 2nd quarter. WINTON GROUP Ltd now owns 854,663 shares of the real estate investment trust’s stock worth $42,836,000 after buying an additional 215,687 shares in the last quarter. Hexavest Inc. purchased a new position in shares of Apartment Investment and Management in the 2nd quarter worth $22,138,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Apartment Investment and Management in the 2nd quarter worth $557,000. 95.74% of the stock is owned by institutional investors.

In other news, Director Kathleen M. Nelson sold 2,400 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $50.16, for a total value of $120,384.00. Following the completion of the sale, the director now owns 44,329 shares in the company, valued at approximately $2,223,542.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.83% of the stock is currently owned by company insiders.

A number of brokerages have commented on AIV. TheStreet cut shares of Apartment Investment and Management from a “b” rating to a “c+” rating in a research note on Thursday, October 31st. SunTrust Banks lifted their price objective on shares of Apartment Investment and Management from $49.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, August 29th. BMO Capital Markets raised shares of Apartment Investment and Management from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $56.00 to $58.00 in a research note on Friday, September 6th. Mizuho raised shares of Apartment Investment and Management from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research note on Tuesday, August 6th. Finally, ValuEngine cut shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.38.

Apartment Investment and Management stock opened at $53.17 on Friday. The firm has a 50-day moving average price of $53.35 and a 200-day moving average price of $51.20. The firm has a market capitalization of $7.98 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 4.77 and a beta of 0.52. The company has a current ratio of 0.23, a quick ratio of 0.22 and a debt-to-equity ratio of 2.38. Apartment Investment and Management Co has a 12-month low of $42.06 and a 12-month high of $55.49.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.62). The firm had revenue of $229.80 million during the quarter, compared to the consensus estimate of $224.73 million. Apartment Investment and Management had a return on equity of 19.60% and a net margin of 37.98%. Apartment Investment and Management’s revenue was down 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.61 EPS. As a group, sell-side analysts predict that Apartment Investment and Management Co will post 2.48 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.39 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 2.93%. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 61.18%.

Apartment Investment and Management Company 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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