Cigna Investments Inc. New Makes New Investment in Apartment Investment and Management Co (NYSE:AIV)

Cigna Investments Inc. New bought a new position in shares of Apartment Investment and Management Co (NYSE:AIV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,939 shares of the real estate investment trust’s stock, valued at approximately $412,000.

Several other large investors have also made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new position in Apartment Investment and Management during the 2nd quarter worth about $1,823,000. Point72 Hong Kong Ltd acquired a new position in shares of Apartment Investment and Management during the second quarter worth approximately $950,000. Glenmede Trust Co. NA grew its stake in shares of Apartment Investment and Management by 129.4% during the second quarter. Glenmede Trust Co. NA now owns 867 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 489 shares during the last quarter. Tudor Investment Corp Et Al increased its holdings in shares of Apartment Investment and Management by 695.3% in the second quarter. Tudor Investment Corp Et Al now owns 102,025 shares of the real estate investment trust’s stock valued at $3,840,000 after purchasing an additional 89,196 shares in the last quarter. Finally, Smithfield Trust Co. acquired a new stake in shares of Apartment Investment and Management in the second quarter valued at approximately $25,000.

Several research firms have recently commented on AIV. SunTrust Banks raised Apartment Investment and Management from a “hold” rating to a “buy” rating and lifted their target price for the company from $43.00 to $44.00 in a research note on Thursday, June 18th. Zelman & Associates lowered Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Friday, July 17th. Raymond James downgraded shares of Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a research report on Friday, June 12th. Zacks Investment Research upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating and set a $39.00 price target for the company in a research report on Friday, September 4th. Finally, Bank of America raised shares of Apartment Investment and Management from an “underperform” rating to a “neutral” rating in a research note on Monday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $41.29.

Shares of AIV stock opened at $36.57 on Wednesday. The stock has a market cap of $5.58 billion, a PE ratio of 30.22 and a beta of 0.76. The stock has a 50-day moving average of $36.63 and a 200-day moving average of $37.76. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.25 and a quick ratio of 1.25. Apartment Investment and Management Co has a one year low of $24.53 and a one year high of $55.68.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.35). The firm had revenue of $218.08 million for the quarter, compared to analyst estimates of $218.05 million. Apartment Investment and Management had a net margin of 20.09% and a return on equity of 10.05%. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. As a group, research analysts anticipate that Apartment Investment and Management Co will post 2.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend was Thursday, August 13th. Apartment Investment and Management’s dividend payout ratio is currently 65.60%.

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.

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

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