Schroder Investment Management Group raised its holdings in Apartment Investment and Management Co (NYSE:AIV) by 84.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 618,233 shares of the real estate investment trust’s stock after purchasing an additional 282,774 shares during the quarter. Schroder Investment Management Group owned approximately 0.39% of Apartment Investment and Management worth $26,065,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AIV. Principal Financial Group Inc. increased its stake in shares of Apartment Investment and Management by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 7,522,971 shares of the real estate investment trust’s stock valued at $306,561,000 after buying an additional 213,744 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Apartment Investment and Management by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,470,789 shares of the real estate investment trust’s stock valued at $104,514,000 after buying an additional 68,929 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Apartment Investment and Management by 5.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,114,324 shares of the real estate investment trust’s stock valued at $89,436,000 after buying an additional 104,385 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Apartment Investment and Management by 85,310.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,641,587 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,639,665 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Apartment Investment and Management by 24.6% in the 1st quarter. Millennium Management LLC now owns 1,190,325 shares of the real estate investment trust’s stock valued at $48,506,000 after buying an additional 234,882 shares during the period. Hedge funds and other institutional investors own 98.80% of the company’s stock.

Shares of Apartment Investment and Management stock opened at $41.85 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 2.93. Apartment Investment and Management Co has a 12 month low of $37.97 and a 12 month high of $45.64. The firm has a market cap of $6.94 billion, a P/E ratio of 17.13, a P/E/G ratio of 3.79 and a beta of 0.42.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.60). Apartment Investment and Management had a return on equity of 25.11% and a net margin of 36.78%. The company had revenue of $250.13 million for the quarter, compared to analyst estimates of $242.93 million. During the same period last year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Apartment Investment and Management Co will post 2.44 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. BMO Capital Markets reissued a “hold” rating and issued a $44.00 target price on shares of Apartment Investment and Management in a research note on Thursday, July 5th. Zacks Investment Research cut Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. SunTrust Banks reaffirmed a “buy” rating and set a $45.00 price objective on shares of Apartment Investment and Management in a research note on Wednesday, June 27th. Jefferies Financial Group lifted their price objective on Apartment Investment and Management from $42.00 to $46.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. Finally, Mizuho reaffirmed a “hold” rating and set a $44.00 price objective on shares of Apartment Investment and Management in a research note on Monday, August 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $45.75.

In other Apartment Investment and Management news, insider Keith M. Kimmel sold 25,000 shares of Apartment Investment and Management stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $43.21, for a total transaction of $1,080,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is owned by insiders.

About Apartment Investment and Management

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 133 communities in 17 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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