Amica Retiree Medical Trust increased its stake in shares of Apartment Investment and Management Co (NYSE:AIV) by 11.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 12,318 shares of the real estate investment trust’s stock after acquiring an additional 1,222 shares during the period. Amica Retiree Medical Trust’s holdings in Apartment Investment and Management were worth $544,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of AIV. Quad Cities Investment Group LLC bought a new stake in Apartment Investment and Management during the 2nd quarter valued at approximately $150,000. Advisors Asset Management Inc. boosted its stake in Apartment Investment and Management by 114.5% during 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 purchasing an additional 2,200 shares during the period. Shine Investment Advisory Services Inc. boosted its stake in Apartment Investment and Management by 104.8% during 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 purchasing an additional 2,400 shares during the period. Carret Asset Management LLC bought a new stake in Apartment Investment and Management during the 2nd quarter valued at approximately $206,000. Finally, Virtu Financial LLC bought a new stake in Apartment Investment and Management during the 2nd quarter valued at approximately $235,000.

Shares of AIV stock opened at $46.14 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.76. Apartment Investment and Management Co has a 12 month low of $37.97 and a 12 month high of $46.66. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 3.95 and a beta of 0.44.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $3.61 EPS 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 quarter last year, the company earned $0.63 EPS. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, equities research analysts forecast that Apartment Investment and Management Co will post 2.49 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.29%. Apartment Investment and Management’s dividend payout ratio is currently 62.04%.

In other Apartment Investment and Management news, insider Lisa R. Cohn sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $45.62, for a total value of $228,100.00. Following the completion of the sale, the insider now owns 73,754 shares in the company, valued at approximately $3,364,657.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Several analysts recently weighed in on AIV shares. Mizuho restated a “hold” rating and set a $44.00 target price on shares of Apartment Investment and Management in a research note on Monday, August 6th. Zacks Investment Research upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Jefferies Financial Group increased their target price on Apartment Investment and Management from $42.00 to $46.00 and gave the company a “hold” rating in a research note on Thursday, August 16th. Scotiabank started coverage on Apartment Investment and Management in a research note on Tuesday, October 16th. They set an “underperform” rating for the company. Finally, TheStreet upgraded Apartment Investment and Management from a “c+” rating to a “b” rating in a research note on Thursday, November 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $46.22.

ILLEGAL ACTIVITY NOTICE: “Amica Retiree Medical Trust Has $544,000 Stake in Apartment Investment and Management Co (AIV)” was posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://www.dailypolitical.com/2018/11/22/amica-retiree-medical-trust-has-544000-stake-in-apartment-investment-and-management-co-aiv.html.

Apartment Investment and Management 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 133 communities in 17 states and the District of Columbia.

Featured Article: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Want to see what other hedge funds are holding AIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apartment Investment and Management Co (NYSE:AIV).

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

Receive News & Ratings for Apartment Investment and Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management and related companies with MarketBeat.com's FREE daily email newsletter.