Shares of Apartment Investment and Management Co. (NYSE:AIV) traded down 1.8% during trading on Thursday . The stock traded as low as $44.57 and last traded at $44.60, with a volume of 382,297 shares changing hands. The stock had previously closed at $45.40.

Several analysts have recently commented on the stock. Robert W. Baird reiterated a “hold” rating on shares of Apartment Investment and Management in a research report on Sunday, May 8th. Zacks Investment Research downgraded shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a research note on Monday. Barclays PLC upped their price objective on shares of Apartment Investment and Management from $47.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, July 19th. Canaccord Genuity upped their price objective on shares of Apartment Investment and Management from $41.00 to $47.00 and gave the company a “hold” rating in a research note on Tuesday, August 2nd. Finally, SunTrust Banks Inc. downgraded shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and upped their price objective for the company from $42.00 to $44.00 in a research note on Thursday, June 2nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $44.91.

The stock has a 50 day moving average of $44.78 and a 200-day moving average of $41.23. The firm has a market capitalization of $7.03 billion and a P/E ratio of 21.16.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, July 28th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The business earned $242.87 million during the quarter, compared to analyst estimates of $240.17 million. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. On average, equities research analysts forecast that Apartment Investment and Management Co. will post $2.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Friday, August 19th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $1.32 annualized dividend and a dividend yield of 2.94%.

In other news, EVP John E. Bezzant sold 5,772 shares of Apartment Investment and Management stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of $42.65, for a total value of $246,175.80. Following the transaction, the executive vice president now directly owns 55,163 shares of the company’s stock, valued at $2,352,701.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Terry Considine sold 176,000 shares of Apartment Investment and Management stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $45.29, for a total transaction of $7,971,040.00. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently added to or reduced their stakes in AIV. KBC Group NV increased its position in Apartment Investment and Management by 50.7% in the fourth quarter. KBC Group NV now owns 80,266 shares of the real estate investment trust’s stock valued at $3,213,000 after buying an additional 27,010 shares during the period. Employees Retirement System of Texas increased its position in Apartment Investment and Management by 96.2% in the fourth quarter. Employees Retirement System of Texas now owns 155,000 shares of the real estate investment trust’s stock valued at $6,205,000 after buying an additional 76,000 shares during the period. Dimensional Fund Advisors LP increased its position in Apartment Investment and Management by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,999,482 shares of the real estate investment trust’s stock valued at $80,041,000 after buying an additional 31,817 shares during the period. Stephens Inc. AR increased its position in Apartment Investment and Management by 9.4% in the fourth quarter. Stephens Inc. AR now owns 51,649 shares of the real estate investment trust’s stock valued at $2,067,000 after buying an additional 4,459 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in Apartment Investment and Management by 24.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 255,000 shares of the real estate investment trust’s stock valued at $10,208,000 after buying an additional 50,000 shares during the period.

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.

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