Fox Run Management L.L.C. increased its position in Apartment Investment and Management Company (NYSE:AIV) by 50.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,900 shares of the real estate investment trust’s stock after buying an additional 3,000 shares during the period. Fox Run Management L.L.C.’s holdings in Apartment Investment and Management were worth $382,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Apartment Investment and Management by 10.6% in the first quarter. Quadrant Capital Group LLC now owns 2,606 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 250 shares in the last quarter. Israel Discount Bank of New York bought a new position in shares of Apartment Investment and Management during the first quarter worth approximately $115,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Apartment Investment and Management by 190.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 1,900 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Apartment Investment and Management during the first quarter worth approximately $166,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Apartment Investment and Management during the fourth quarter worth approximately $231,000. 99.73% of the stock is currently owned by institutional investors.

Shares of Apartment Investment and Management Company (AIV) opened at 43.63 on Tuesday. The company has a market capitalization of $6.85 billion, a PE ratio of 16.86 and a beta of 0.43. The firm’s 50-day moving average price is $43.57 and its 200-day moving average price is $44.24. Apartment Investment and Management Company has a 12-month low of $39.66 and a 12-month high of $47.91.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $246.50 million during the quarter, compared to the consensus estimate of $242.87 million. Apartment Investment and Management had a net margin of 41.53% and a return on equity of 23.66%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. On average, analysts expect that Apartment Investment and Management Company will post $0.50 EPS for the current fiscal year.

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A number of brokerages recently commented on AIV. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Thursday, May 18th. Canaccord Genuity decreased their target price on Apartment Investment and Management from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Tuesday, May 2nd. Mizuho cut Apartment Investment and Management from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $45.00 to $42.00 in a report on Monday, July 10th. BMO Capital Markets reaffirmed a “sell” rating and issued a $42.00 target price on shares of Apartment Investment and Management in a report on Thursday, May 25th. Finally, Barclays PLC raised their target price on Apartment Investment and Management from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.38.

In other Apartment Investment and Management news, Director Kathleen M. Nelson sold 1,220 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $43.59, for a total value of $53,179.80. Following the completion of the transaction, the director now owns 40,630 shares in the company, valued at $1,771,061.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Apartment Investment and Management Company Profile

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

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

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