Long Pond Capital LP increased its position in shares of Apartment Investment and Management Co (NYSE:AIV) by 21.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,351,291 shares of the real estate investment trust’s stock after purchasing an additional 1,315,826 shares during the period. Apartment Investment and Management accounts for approximately 7.6% of Long Pond Capital LP’s portfolio, making the stock its 3rd largest position. Long Pond Capital LP’s holdings in Apartment Investment and Management were worth $299,565,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of AIV. Mutual of America Capital Management LLC grew its stake in shares of Apartment Investment and Management by 6.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 39,909 shares of the real estate investment trust’s stock worth $1,744,000 after purchasing an additional 2,371 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Apartment Investment and Management by 4.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,951 shares of the real estate investment trust’s stock worth $1,921,000 after purchasing an additional 1,866 shares in the last quarter. Comerica Bank grew its stake in shares of Apartment Investment and Management by 27.5% during the fourth quarter. Comerica Bank now owns 78,847 shares of the real estate investment trust’s stock worth $3,319,000 after purchasing an additional 17,004 shares in the last quarter. ING Groep NV acquired a new position in shares of Apartment Investment and Management during the fourth quarter worth $653,000. Finally, California Public Employees Retirement System grew its stake in shares of Apartment Investment and Management by 1.5% during the fourth quarter. California Public Employees Retirement System now owns 368,971 shares of the real estate investment trust’s stock worth $16,128,000 after purchasing an additional 5,378 shares in the last quarter. Hedge funds and other institutional investors own 99.99% of the company’s stock.

In other news, Director Kathleen M. Nelson sold 1,318 shares of the company’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $41.12, for a total value of $54,196.16. Following the completion of the sale, the director now directly owns 43,782 shares of the company’s stock, valued at $1,800,315.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

NYSE AIV opened at $41.55 on Thursday. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.62 and a quick ratio of 0.62. Apartment Investment and Management Co has a 1 year low of $37.97 and a 1 year high of $46.72. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 16.96, a P/E/G ratio of 2.81 and a beta of 0.42.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Monday, May 7th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.08). Apartment Investment and Management had a net margin of 38.11% and a return on equity of 26.79%. The company had revenue of $247.72 million during the quarter, compared to analyst estimates of $240.46 million. During the same quarter in the prior year, the company earned $0.58 EPS. The business’s revenue was up .5% on a year-over-year basis. sell-side analysts anticipate that Apartment Investment and Management Co will post 2.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Stockholders of record on Friday, May 18th were issued a $0.38 dividend. The ex-dividend date was Thursday, May 17th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.66%. Apartment Investment and Management’s payout ratio is 62.04%.

AIV has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. BMO Capital Markets set a $42.00 target price on shares of Apartment Investment and Management and gave the stock a “sell” rating in a research note on Monday, February 12th. SunTrust Banks set a $44.00 target price on shares of Apartment Investment and Management and gave the stock a “buy” rating in a research note on Friday, March 2nd. Barclays reiterated a “buy” rating and set a $47.00 target price on shares of Apartment Investment and Management in a research note on Tuesday, April 17th. Finally, Mizuho set a $39.00 price objective on shares of Apartment Investment and Management and gave the company a “hold” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $46.45.

Apartment Investment and Management Company Profile

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 182 communities in 22 states and the District of Columbia.

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

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