Alphasimplex Group LLC Invests $413,000 in Apartment Investment and Management Co (NYSE:AIV)

Alphasimplex Group LLC purchased a new stake in Apartment Investment and Management Co (NYSE:AIV) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 8,207 shares of the real estate investment trust’s stock, valued at approximately $413,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can increased its position in shares of Apartment Investment and Management by 15.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 144,962 shares of the real estate investment trust’s stock valued at $5,911,000 after acquiring an additional 18,961 shares during the last quarter. Citigroup Inc. increased its position in shares of Apartment Investment and Management by 59.4% in the fourth quarter. Citigroup Inc. now owns 291,277 shares of the real estate investment trust’s stock valued at $12,781,000 after acquiring an additional 108,506 shares during the last quarter. Norges Bank acquired a new stake in shares of Apartment Investment and Management in the fourth quarter valued at about $72,158,000. Robeco Institutional Asset Management B.V. increased its position in shares of Apartment Investment and Management by 13.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 170,000 shares of the real estate investment trust’s stock valued at $7,460,000 after acquiring an additional 20,000 shares during the last quarter. Finally, LPL Financial LLC acquired a new stake in shares of Apartment Investment and Management in the fourth quarter valued at about $576,000. 96.19% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on AIV shares. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. BMO Capital Markets reaffirmed a “hold” rating and issued a $54.00 target price on shares of Apartment Investment and Management in a research report on Monday, March 25th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Apartment Investment and Management in a research report on Monday, March 4th. Barclays reissued a “hold” rating and set a $51.00 price target on shares of Apartment Investment and Management in a research report on Tuesday, April 16th. Finally, SunTrust Banks downgraded Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research report on Monday, February 25th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.43.

Shares of NYSE AIV opened at $51.13 on Wednesday. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 3.90 and a beta of 0.59. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.68 and a current ratio of 0.68. Apartment Investment and Management Co has a twelve month low of $40.69 and a twelve month high of $52.00.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.61. The firm had revenue of $230.24 million for the quarter, compared to the consensus estimate of $226.53 million. Apartment Investment and Management had a return on equity of 48.32% and a net margin of 89.47%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.59 earnings per share. On average, analysts anticipate that Apartment Investment and Management Co will post 2.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend was Thursday, May 16th. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 61.18%.

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 of the company’s stock, valued at $5,124,362.80. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.83% of the stock is owned by insiders.

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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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