Teacher Retirement System of Texas boosted its position in shares of Apartment Investment and Management Company (NYSE:AIV) by 3.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 125,339 shares of the real estate investment trust’s stock after buying an additional 3,940 shares during the period. Teacher Retirement System of Texas’ holdings in Apartment Investment and Management were worth $5,386,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Apartment Investment and Management by 2.8% in the first quarter. Vanguard Group Inc. now owns 27,397,533 shares of the real estate investment trust’s stock worth $1,215,081,000 after buying an additional 748,512 shares during the period. BlackRock Inc. boosted its stake in shares of Apartment Investment and Management by 3,261.5% in the first quarter. BlackRock Inc. now owns 12,471,775 shares of the real estate investment trust’s stock worth $553,123,000 after buying an additional 12,100,758 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Apartment Investment and Management by 1.5% in the first quarter. Principal Financial Group Inc. now owns 6,780,055 shares of the real estate investment trust’s stock worth $300,801,000 after buying an additional 101,279 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Apartment Investment and Management by 20.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,200,588 shares of the real estate investment trust’s stock worth $94,560,000 after buying an additional 371,790 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Apartment Investment and Management by 38.0% in the first quarter. Renaissance Technologies LLC now owns 2,189,200 shares of the real estate investment trust’s stock worth $97,091,000 after buying an additional 602,400 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

Shares of Apartment Investment and Management Company (AIV) opened at 45.96 on Wednesday. The company has a 50 day moving average of $44.16 and a 200-day moving average of $44.22. Apartment Investment and Management Company has a 12-month low of $39.66 and a 12-month high of $47.91. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 36.19 and a beta of 0.44.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $246.24 million for the quarter, compared to analyst estimates of $240.78 million. Apartment Investment and Management had a net margin of 20.64% and a return on equity of 12.46%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. Analysts predict that Apartment Investment and Management Company will post $0.50 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Wednesday, August 16th. Apartment Investment and Management’s payout ratio is 113.39%.

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AIV has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. JMP Securities raised shares of Apartment Investment and Management from a “market perform” rating to an “outperform” rating and set a $52.00 price target on the stock in a research report on Monday, July 10th. Barclays PLC dropped their price objective on shares of Apartment Investment and Management from $49.00 to $48.00 and set an “overweight” rating on the stock in a report on Thursday, May 18th. Finally, Bank of America Corporation lowered shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $47.00 price objective on the stock. in a report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.88.

About Apartment Investment and Management

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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