Dimensional Fund Advisors LP lowered its position in shares of Apartment Investment and Management Co (NYSE:AIV) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,436,034 shares of the real estate investment trust’s stock after selling 47,198 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Apartment Investment and Management were worth $106,891,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in shares of Apartment Investment and Management during the fourth quarter worth $26,000. We Are One Seven LLC acquired a new stake in shares of Apartment Investment and Management during the fourth quarter worth $39,000. Private Capital Group LLC grew its stake in shares of Apartment Investment and Management by 24.5% during the fourth quarter. Private Capital Group LLC now owns 1,101 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 217 shares during the period. Dupont Capital Management Corp grew its stake in shares of Apartment Investment and Management by 38.0% during the fourth quarter. Dupont Capital Management Corp now owns 2,262 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 623 shares during the period. Finally, Exane Derivatives grew its stake in shares of Apartment Investment and Management by 22,878.9% during the fourth quarter. Exane Derivatives now owns 4,366 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 4,347 shares during the period.

NYSE:AIV opened at $50.07 on Thursday. Apartment Investment and Management Co has a 1 year low of $38.54 and a 1 year high of $51.25. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.14. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 3.72 and a beta of 0.65.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.61. Apartment Investment and Management had a return on equity of 48.32% and a net margin of 89.47%. The firm had revenue of $230.24 million during the quarter, compared to analysts’ expectations of $226.53 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The company’s revenue was down 7.1% on a year-over-year basis. As a group, equities research analysts anticipate that Apartment Investment and Management Co will post 2.48 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.39 dividend. The ex-dividend date is Thursday, May 16th. This represents a $1.56 dividend on an annualized basis and a yield of 3.12%. Apartment Investment and Management’s payout ratio is 61.18%.

A number of equities research analysts recently commented on AIV shares. Zacks Investment Research raised Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Wednesday, January 23rd. BMO Capital Markets reissued a “hold” rating and issued a $54.00 target price on shares of Apartment Investment and Management in a research note on Monday, March 25th. Wells Fargo & Co reissued a “buy” rating on shares of Apartment Investment and Management in a research note on Monday, March 4th. Barclays reissued a “hold” rating and issued a $51.00 target price on shares of Apartment Investment and Management in a research note on Tuesday, April 16th. Finally, SunTrust Banks cut Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research note on Monday, February 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $49.25.

In other news, insider Patti K. Fielding sold 20,272 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $49.64, for a total transaction of $1,006,302.08. Following the completion of the transaction, the insider now directly owns 35,187 shares of the company’s stock, valued at $1,746,682.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Keith M. Kimmel sold 25,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $49.55, for a total value of $1,238,750.00. Following the transaction, the executive vice president now directly owns 28,753 shares of the company’s stock, valued at $1,424,711.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,772 shares of company stock valued at $2,715,302. Insiders own 2.83% of the company’s stock.

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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 132 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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