State Treasurer State of Michigan Purchases 1,522 Shares of Apartment Investment and Management Co (AIV)

State Treasurer State of Michigan lifted its position in shares of Apartment Investment and Management Co (NYSE:AIV) by 3.4% during the 1st quarter, HoldingsChannel reports. The firm owned 46,050 shares of the real estate investment trust’s stock after purchasing an additional 1,522 shares during the quarter. State Treasurer State of Michigan’s holdings in Apartment Investment and Management were worth $2,316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in AIV. Investors Research Corp acquired a new stake in Apartment Investment and Management in the 1st quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in Apartment Investment and Management in the 4th quarter valued at $26,000. We Are One Seven LLC acquired a new stake in Apartment Investment and Management in the 4th quarter valued at $39,000. Private Capital Group LLC boosted its stake in Apartment Investment and Management by 24.5% in the 4th quarter. Private Capital Group LLC now owns 1,101 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 217 shares in the last quarter. Finally, Optimum Investment Advisors boosted its stake in Apartment Investment and Management by 214.1% in the 1st quarter. Optimum Investment Advisors now owns 2,199 shares of the real estate investment trust’s stock valued at $111,000 after buying an additional 1,499 shares in the last quarter.

Several brokerages recently commented on AIV. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Barclays reaffirmed a “hold” rating and issued a $51.00 price target on shares of Apartment Investment and Management in a research note on Tuesday, April 16th. BMO Capital Markets reaffirmed a “hold” rating and issued a $54.00 price target on shares of Apartment Investment and Management in a research note on Monday, March 25th. SunTrust Banks lowered 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 note on Monday, February 25th. They noted that the move was a valuation call. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Apartment Investment and Management in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $49.25.



In other Apartment Investment and Management news, insider Patti K. Fielding sold 20,272 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $49.64, for a total value of $1,006,302.08. Following the transaction, the insider now owns 35,187 shares of the company’s stock, valued at $1,746,682.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Miles Cortez sold 9,500 shares of the business’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $49.50, for a total value of $470,250.00. Following the completion of the transaction, the insider now directly owns 101,826 shares in the company, valued at approximately $5,040,387. The disclosure for this sale can be found here. In the last three months, insiders sold 54,772 shares of company stock worth $2,715,302. Insiders own 2.83% of the company’s stock.

Apartment Investment and Management stock traded down $0.18 on Monday, reaching $50.23. The company’s stock had a trading volume of 6,234 shares, compared to its average volume of 927,460. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $7.50 billion, a P/E ratio of 19.73, a P/E/G ratio of 3.76 and a beta of 0.65. Apartment Investment and Management Co has a twelve month low of $38.61 and a twelve month high of $51.25.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.61 EPS for the quarter, hitting analysts’ consensus estimates of $0.61. The company had revenue of $230.24 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. On average, equities research analysts predict that Apartment Investment and Management Co will post 2.48 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, May 16th. Apartment Investment and Management’s dividend payout ratio is currently 61.18%.

WARNING: “State Treasurer State of Michigan Purchases 1,522 Shares of Apartment Investment and Management Co (AIV)” was originally posted by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://dakotafinancialnews.com/2019/05/20/state-treasurer-state-of-michigan-purchases-1522-shares-of-apartment-investment-and-management-co-aiv.html.

Apartment Investment and Management 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.

Featured Story: How to Invest in Growth Stocks

Want to see what other hedge funds are holding AIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apartment Investment and Management Co (NYSE:AIV).

Institutional Ownership by Quarter for Apartment Investment and Management (NYSE:AIV)

Receive News & Ratings for Apartment Investment and Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management and related companies with MarketBeat.com's FREE daily email newsletter.