Lisa R. Cohn Sells 2,438 Shares of Apartment Investment and Management Company (AIV) Stock

Apartment Investment and Management Company (NYSE:AIV) insider Lisa R. Cohn sold 2,438 shares of the company’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $45.17, for a total value of $110,124.46. Following the completion of the transaction, the insider now owns 64,987 shares in the company, valued at approximately $2,935,462.79. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Apartment Investment and Management Company (NYSE:AIV) traded down 1.00% during midday trading on Friday, hitting $44.72. The company had a trading volume of 232,137 shares. The firm’s 50-day moving average is $44.71 and its 200-day moving average is $44.01. The firm has a market capitalization of $6.98 billion, a P/E ratio of 16.75 and a beta of 0.36. Apartment Investment and Management Company has a 12-month low of $35.46 and a 12-month high of $47.91.

Apartment Investment and Management Company (NYSE:AIV) last issued its earnings results on Thursday, February 2nd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. Apartment Investment and Management Company had a return on equity of 24.85% and a net margin of 42.78%. The firm had revenue of $249.49 million for the quarter, compared to analysts’ expectations of $241.62 million. During the same quarter last year, the business earned $0.58 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that Apartment Investment and Management Company will post $0.49 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Apartment Investment and Management Company (NYSE:AIV)

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Friday, February 17th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $1.44 dividend on an annualized basis and a yield of 3.19%. This is a boost from Apartment Investment and Management Company’s previous quarterly dividend of $0.33. Apartment Investment and Management Company’s dividend payout ratio (DPR) is 49.62%.

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Institutional investors have recently modified their holdings of the company. Worth Venture Partners LLC bought a new position in shares of Apartment Investment and Management Company during the fourth quarter worth about $726,000. Summit Global Investments bought a new position in shares of Apartment Investment and Management Company during the fourth quarter worth about $450,000. Boothbay Fund Management LLC boosted its position in shares of Apartment Investment and Management Company by 46.2% in the fourth quarter. Boothbay Fund Management LLC now owns 19,290 shares of the real estate investment trust’s stock worth $877,000 after buying an additional 6,097 shares during the period. Cigna Investments Inc. New bought a new position in shares of Apartment Investment and Management Company during the fourth quarter worth about $263,000. Finally, AQR Capital Management LLC boosted its position in shares of Apartment Investment and Management Company by 2.6% in the fourth quarter. AQR Capital Management LLC now owns 142,791 shares of the real estate investment trust’s stock worth $6,490,000 after buying an additional 3,593 shares during the period.

A number of equities analysts have recently weighed in on the company. BMO Capital Markets downgraded Apartment Investment and Management Company from a “market perform” rating to an “underperform” rating in a report on Friday. Canaccord Genuity reiterated a “hold” rating and issued a $47.00 target price on shares of Apartment Investment and Management Company in a report on Monday, January 30th. Barclays PLC dropped their target price on Apartment Investment and Management Company from $49.00 to $47.00 and set an “equal weight” rating on the stock in a report on Monday, January 23rd. Zacks Investment Research upgraded Apartment Investment and Management Company from a “sell” rating to a “hold” rating in a report on Tuesday, January 31st. Finally, Mizuho reiterated a “buy” rating on shares of Apartment Investment and Management Company in a report on Friday, December 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $45.56.

Apartment Investment and Management Company Company Profile

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust. The Company, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. Its segments include conventional real estate and affordable real estate.

5 Day Chart for NYSE:AIV

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