Apartment Investment and Management Co (AIV) is Cipher Capital LP’s Largest Position

Cipher Capital LP raised its stake in Apartment Investment and Management Co (NYSE:AIV) by 713.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 239,666 shares of the real estate investment trust’s stock after acquiring an additional 210,195 shares during the period. Apartment Investment and Management makes up about 1.5% of Cipher Capital LP’s investment portfolio, making the stock its largest position. Cipher Capital LP’s holdings in Apartment Investment and Management were worth $10,516,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan bought a new position in shares of Apartment Investment and Management during the fourth quarter worth approximately $178,000. Paloma Partners Management Co increased its holdings in shares of Apartment Investment and Management by 191.7% during the fourth quarter. Paloma Partners Management Co now owns 20,166 shares of the real estate investment trust’s stock worth $885,000 after purchasing an additional 13,252 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Apartment Investment and Management by 53.3% during the fourth quarter. Nuveen Asset Management LLC now owns 38,236 shares of the real estate investment trust’s stock worth $1,678,000 after purchasing an additional 13,286 shares during the period. Squarepoint Ops LLC increased its holdings in shares of Apartment Investment and Management by 38.8% during the fourth quarter. Squarepoint Ops LLC now owns 71,308 shares of the real estate investment trust’s stock worth $3,129,000 after purchasing an additional 19,941 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Apartment Investment and Management by 5.5% during the fourth quarter. Bank of America Corp DE now owns 758,196 shares of the real estate investment trust’s stock worth $33,270,000 after purchasing an additional 39,440 shares during the period.

Several brokerages have recently commented on AIV. Zacks Investment Research cut shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Apartment Investment and Management in a report on Monday, March 4th. SunTrust Banks cut shares of Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a report on Monday, February 25th. They noted that the move was a valuation call. ValuEngine raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $47.00 target price on shares of Apartment Investment and Management in a report on Monday, February 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $48.13.



Shares of Apartment Investment and Management stock opened at $49.70 on Wednesday. Apartment Investment and Management Co has a fifty-two week low of $38.40 and a fifty-two week high of $50.89. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 2.49. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 3.72 and a beta of 0.67.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Monday, February 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.61). The company had revenue of $232.00 million during the quarter, compared to analyst estimates of $234.44 million. Apartment Investment and Management had a net margin of 68.29% and a return on equity of 39.20%. The business’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.67 EPS. Equities analysts anticipate that Apartment Investment and Management Co will post 2.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, February 22nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Thursday, February 21st. This is a positive change from Apartment Investment and Management’s previous quarterly dividend of $0.38. Apartment Investment and Management’s payout ratio is 61.18%.

In other news, insider Patti K. Fielding sold 20,272 shares of Apartment Investment and Management stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $49.64, for a total transaction of $1,006,302.08. Following the transaction, the insider now owns 35,187 shares in the company, valued at $1,746,682.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Lisa R. Cohn sold 831 shares of Apartment Investment and Management stock in a transaction on Monday, January 28th. The stock was sold at an average price of $48.00, for a total transaction of $39,888.00. Following the transaction, the executive vice president now owns 72,923 shares in the company, valued at approximately $3,500,304. The disclosure for this sale can be found here. In the last quarter, insiders have sold 167,177 shares of company stock worth $8,248,379. 2.83% of the stock is owned by company insiders.

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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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