Neuburgh Advisers LLC Purchases 3,630 Shares of Apartment Investment and Management Co (NYSE:AIV)

Neuburgh Advisers LLC lifted its position in Apartment Investment and Management Co (NYSE:AIV) by 27.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,028 shares of the real estate investment trust’s stock after buying an additional 3,630 shares during the period. Neuburgh Advisers LLC’s holdings in Apartment Investment and Management were worth $853,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of AIV. Comerica Bank grew its stake in Apartment Investment and Management by 2.3% in the second quarter. Comerica Bank now owns 85,562 shares of the real estate investment trust’s stock valued at $4,364,000 after acquiring an additional 1,950 shares during the period. Swiss National Bank lifted its stake in Apartment Investment and Management by 4.1% in the first quarter. Swiss National Bank now owns 289,739 shares of the real estate investment trust’s stock valued at $14,571,000 after buying an additional 11,539 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in Apartment Investment and Management by 12.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,022 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 887 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Apartment Investment and Management by 124.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 242,657 shares of the real estate investment trust’s stock valued at $12,203,000 after buying an additional 134,482 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its holdings in shares of Apartment Investment and Management by 32.5% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,415,282 shares of the real estate investment trust’s stock valued at $70,934,000 after buying an additional 346,827 shares during the period. 95.68% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised shares of Apartment Investment and Management from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $56.00 to $58.00 in a research report 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 target price for the company in a research note on Tuesday, August 6th. Zelman & Associates upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Monday, August 12th. ValuEngine cut Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Barclays dropped their price target on Apartment Investment and Management from $53.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Apartment Investment and Management has an average rating of “Hold” and an average price target of $52.83.



Shares of AIV traded up $0.12 during mid-day trading on Wednesday, hitting $50.90. 30,369 shares of the company’s stock were exchanged, compared to its average volume of 1,018,351. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.22 and a quick ratio of 0.22. Apartment Investment and Management Co has a 52 week low of $41.73 and a 52 week high of $52.49. The company has a market cap of $7.67 billion, a PE ratio of 19.92, a P/E/G ratio of 3.35 and a beta of 0.56. The company has a 50-day simple moving average of $50.50 and a 200 day simple moving average of $50.31.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). Apartment Investment and Management had a return on equity of 49.61% and a net margin of 98.61%. The business had revenue of $224.20 million during the quarter, compared to the consensus estimate of $224.36 million. During the same period in the prior year, the firm earned $0.59 EPS. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. On average, analysts anticipate that Apartment Investment and Management Co will post 2.48 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.39 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.56 annualized dividend and a yield of 3.06%. Apartment Investment and Management’s payout ratio is currently 61.18%.

In other Apartment Investment and Management news, Director Kathleen M. Nelson sold 2,400 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $50.16, for a total transaction of $120,384.00. Following the sale, the director now directly owns 44,329 shares of the company’s stock, valued at approximately $2,223,542.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.83% of the company’s stock.

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.

Featured Story: What is a short straddle?

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.