Apartment Investment and Management Co (NYSE:AIV) insider Lisa R. Cohn sold 5,000 shares of the stock in a transaction on Friday, November 9th. The shares were sold at an average price of $45.62, for a total value of $228,100.00. Following the completion of the transaction, the insider now owns 73,754 shares of the company’s stock, valued at approximately $3,364,657.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AIV opened at $44.65 on Friday. Apartment Investment and Management Co has a fifty-two week low of $37.97 and a fifty-two week high of $46.38. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a market cap of $7.17 billion, a PE ratio of 18.22, a PEG ratio of 3.94 and a beta of 0.44.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $3.00. Apartment Investment and Management had a return on equity of 55.25% and a net margin of 92.50%. The company had revenue of $242.48 million during the quarter, compared to the consensus estimate of $239.80 million. During the same period last year, the business earned $0.63 EPS. The business’s quarterly revenue was down 4.8% on a year-over-year basis. On average, research analysts forecast that Apartment Investment and Management Co will post 2.45 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, November 15th. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 62.04%.

Several institutional investors and hedge funds have recently bought and sold shares of AIV. Point72 Hong Kong Ltd bought a new position in shares of Apartment Investment and Management in the 3rd quarter valued at approximately $118,000. Honkamp Krueger Financial Services Inc. bought a new position in shares of Apartment Investment and Management in the 3rd quarter valued at approximately $130,000. Quad Cities Investment Group LLC bought a new position in shares of Apartment Investment and Management in the 2nd quarter valued at approximately $150,000. Advisors Asset Management Inc. raised its stake in shares of Apartment Investment and Management by 114.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 4,122 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 2,200 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. raised its stake in shares of Apartment Investment and Management by 104.8% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 4,690 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 2,400 shares in the last quarter. 98.82% of the stock is owned by institutional investors.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Mizuho restated a “hold” rating and set a $44.00 price objective on shares of Apartment Investment and Management in a research report on Monday, August 6th. Jefferies Financial Group raised their price objective on Apartment Investment and Management from $42.00 to $46.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. TheStreet upgraded Apartment Investment and Management from a “c+” rating to a “b” rating in a research report on Thursday, November 1st. Finally, Scotiabank assumed coverage on Apartment Investment and Management in a research report on Tuesday, October 16th. They set an “underperform” rating for the company. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $45.75.

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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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