Apartment Investment and Management Co (NYSE:AIV) insider Patti K. Fielding sold 20,272 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $49.64, for a total transaction of $1,006,302.08. Following the transaction, the insider now directly owns 35,187 shares in the company, valued at $1,746,682.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NYSE AIV traded up $0.41 during mid-day trading on Monday, hitting $49.83. The company had a trading volume of 1,416,787 shares, compared to its average volume of 1,336,970. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.43 and a current ratio of 0.32. Apartment Investment and Management Co has a 12 month low of $38.40 and a 12 month high of $50.09. The stock has a market cap of $7.35 billion, a PE ratio of 19.54, a PEG ratio of 3.63 and a beta of 0.71.
Apartment Investment and Management (NYSE:AIV) last released its earnings results on Monday, February 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.61). The company had revenue of $232.00 million during the quarter, compared to the consensus estimate of $234.44 million. Apartment Investment and Management had a net margin of 68.29% and a return on equity of 39.20%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 EPS. Research analysts forecast that Apartment Investment and Management Co will post 2.53 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, February 22nd will be paid a dividend of $0.39 per share. This is a boost from Apartment Investment and Management’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, February 21st. This represents a $1.56 dividend on an annualized basis and a yield of 3.13%. Apartment Investment and Management’s dividend payout ratio (DPR) is currently 61.18%.
AIV has been the topic of several research analyst reports. Zacks Investment Research reaffirmed a “sell” rating on shares of Apartment Investment and Management in a research report on Monday, November 12th. Wells Fargo & Co set a $50.00 price target on Apartment Investment and Management and gave the company a “buy” rating in a research report on Friday, November 16th. Finally, ValuEngine raised Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Two 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’s stock. The company has an average rating of “Hold” and a consensus target price of $48.13.
Institutional investors and hedge funds have recently made changes to their positions in the business. Altshuler Shaham Ltd bought a new position in Apartment Investment and Management during the fourth quarter worth about $26,000. We Are One Seven LLC acquired a new stake in shares of Apartment Investment and Management during the fourth quarter worth approximately $39,000. Private Capital Group LLC increased its holdings in shares of Apartment Investment and Management by 24.5% during the fourth quarter. Private Capital Group LLC now owns 1,101 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 217 shares in the last quarter. Dupont Capital Management Corp increased its holdings in shares of Apartment Investment and Management by 38.0% during the fourth quarter. Dupont Capital Management Corp now owns 2,262 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 623 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Apartment Investment and Management during the third quarter worth approximately $118,000. Hedge funds and other institutional investors own 99.06% of the company’s stock.
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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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