Quantbot Technologies LP lifted its position in Apartment Investment and Management Company (NYSE:AIV) by 137.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,166 shares of the real estate investment trust’s stock after purchasing an additional 14,585 shares during the quarter. Quantbot Technologies LP’s holdings in Apartment Investment and Management were worth $1,103,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in AIV. Renaissance Technologies LLC grew its holdings in shares of Apartment Investment and Management by 86.0% in the second quarter. Renaissance Technologies LLC now owns 4,072,785 shares of the real estate investment trust’s stock valued at $175,008,000 after purchasing an additional 1,883,585 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Apartment Investment and Management in the second quarter valued at about $37,412,000. Principal Financial Group Inc. grew its holdings in shares of Apartment Investment and Management by 10.4% in the second quarter. Principal Financial Group Inc. now owns 7,481,959 shares of the real estate investment trust’s stock valued at $321,500,000 after purchasing an additional 701,904 shares during the period. Duff & Phelps Investment Management Co. lifted its position in Apartment Investment and Management by 63.3% in the second quarter. Duff & Phelps Investment Management Co. now owns 1,665,067 shares of the real estate investment trust’s stock valued at $71,548,000 after buying an additional 645,150 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Apartment Investment and Management in the second quarter valued at about $23,487,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts have commented on the stock. TheStreet cut shares of Apartment Investment and Management from a “b-” rating to a “c+” rating in a research report on Friday, November 3rd. Mizuho raised shares of Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 target price on the stock in a research report on Monday, November 6th. BMO Capital Markets reaffirmed a “sell” rating on shares of Apartment Investment and Management in a research report on Friday, October 27th. Zacks Investment Research raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $46.00 target price on shares of Apartment Investment and Management in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $47.67.

In other news, CEO Terry Considine sold 111,577 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total transaction of $4,910,503.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Keith M. Kimmel sold 10,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the sale, the executive vice president now directly owns 28,481 shares in the company, valued at approximately $1,310,126. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Shares of Apartment Investment and Management Company (NYSE:AIV) traded up $0.06 on Tuesday, hitting $44.25. 754,700 shares of the stock traded hands, compared to its average volume of 1,079,733. The firm has a market capitalization of $6,938.86, a PE ratio of 18.26, a PEG ratio of 2.66 and a beta of 0.47. Apartment Investment and Management Company has a 1-year low of $39.66 and a 1-year high of $46.85. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.59 and a quick ratio of 0.59.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.51). The business had revenue of $254.64 million for the quarter, compared to analyst estimates of $249.17 million. Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. During the same period in the prior year, the company posted $0.54 EPS. equities research analysts forecast that Apartment Investment and Management Company will post 2.44 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.44 annualized dividend and a dividend yield of 3.25%. Apartment Investment and Management’s dividend payout ratio is presently 109.92%.

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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