Cigna Investments Inc. New reduced its position in shares of Apartment Investment and Management Company (NYSE:AIV) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,021 shares of the real estate investment trust’s stock after selling 469 shares during the period. Cigna Investments Inc. New’s holdings in Apartment Investment and Management were worth $259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capstone Asset Management Co. raised its position in Apartment Investment and Management by 13.8% in the first quarter. Capstone Asset Management Co. now owns 27,356 shares of the real estate investment trust’s stock worth $1,213,000 after buying an additional 3,320 shares during the period. Hartford Investment Management Co. increased its stake in shares of Apartment Investment and Management by 0.5% in the first quarter. Hartford Investment Management Co. now owns 36,458 shares of the real estate investment trust’s stock worth $1,617,000 after buying an additional 173 shares in the last quarter. First Quadrant L P CA bought a new stake in shares of Apartment Investment and Management during the first quarter worth about $4,288,000. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in shares of Apartment Investment and Management during the first quarter worth about $851,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Apartment Investment and Management by 6.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,601 shares of the real estate investment trust’s stock worth $1,180,000 after buying an additional 1,563 shares in the last quarter. 98.96% of the stock is owned by hedge funds and other institutional investors.

Shares of Apartment Investment and Management Company (NYSE:AIV) opened at 45.42 on Tuesday. The company has a market capitalization of $7.13 billion, a P/E ratio of 35.76 and a beta of 0.44. Apartment Investment and Management Company has a 12 month low of $39.66 and a 12 month high of $47.91. The company has a 50-day moving average price of $44.45 and a 200-day moving average price of $44.26.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $246.24 million during the quarter, compared to analysts’ expectations of $240.78 million. Apartment Investment and Management had a return on equity of 12.46% and a net margin of 20.64%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS. On average, analysts forecast that Apartment Investment and Management Company will post $0.50 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Wednesday, August 16th. Apartment Investment and Management’s dividend payout ratio is presently 113.39%.

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A number of brokerages recently issued reports on AIV. BidaskClub upgraded Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Canaccord Genuity set a $50.00 price target on Apartment Investment and Management and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Bank of America Corporation downgraded Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $47.00 price target for the company. in a research report on Friday, June 16th. Zacks Investment Research downgraded Apartment Investment and Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Mizuho downgraded Apartment Investment and Management from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $45.00 in a research report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average 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.

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

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