The Apartment Investment and Management Co. (AIV) Stake Held by RMR Advisors LLC

The Apartment Investment and Management Co. (AIV) Stake Held by RMR Advisors LLC

RMR Advisors LLC maintained its stake in Apartment Investment and Management Co. (NYSE:AIV) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,745 shares of the real estate investment trust’s stock at the end of the third quarter. RMR Advisors LLC’s holdings in Apartment Investment and Management were worth $1,779,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Advisors LLC boosted its stake in Apartment Investment and Management by 19.7% in the second quarter. BlackRock Advisors LLC now owns 66,974 shares of the real estate investment trust’s stock worth $2,958,000 after buying an additional 11,038 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new stake in Apartment Investment and Management during the second quarter worth approximately $4,624,000. Dimensional Fund Advisors LP boosted its stake in Apartment Investment and Management by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,078,400 shares of the real estate investment trust’s stock worth $91,779,000 after buying an additional 41,951 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Apartment Investment and Management by 2.0% in the second quarter. UBS Asset Management Americas Inc. now owns 270,995 shares of the real estate investment trust’s stock worth $11,967,000 after buying an additional 5,422 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Apartment Investment and Management by 41.4% in the second quarter. Ameriprise Financial Inc. now owns 173,039 shares of the real estate investment trust’s stock worth $7,641,000 after buying an additional 50,680 shares during the last quarter.

Shares of Apartment Investment and Management Co. (NYSE:AIV) traded down 0.94% during midday trading on Thursday, reaching $44.04. 632,948 shares of the company traded hands. The firm has a market capitalization of $6.91 billion, a PE ratio of 21.30 and a beta of 0.39. Apartment Investment and Management Co. has a 1-year low of $34.97 and a 1-year high of $47.91. The stock has a 50 day moving average price of $43.77 and a 200 day moving average price of $44.07.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, October 27th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by $0.01. Apartment Investment and Management had a net margin of 33.39% and a return on equity of 19.95%. The business had revenue of $244.12 million for the quarter, compared to analysts’ expectations of $239.45 million. During the same quarter last year, the business earned $0.57 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Apartment Investment and Management Co. will post $1.86 earnings per share for the current fiscal year.

A number of research firms have commented on AIV. Mizuho restated a “buy” rating on shares of Apartment Investment and Management in a research note on Friday, December 23rd. BMO Capital Markets cut shares of Apartment Investment and Management from an “outperform” rating to a “market perform” rating and set a $45.00 target price on the stock. in a research note on Thursday, January 12th. JMP Securities cut shares of Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 20th. Zacks Investment Research cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Wednesday, October 26th. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $45.00 target price on shares of Apartment Investment and Management in a research note on Wednesday, November 16th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $45.78.

In other news, insider Keith M. Kimmel sold 3,000 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $39.81, for a total transaction of $119,430.00. Following the transaction, the insider now owns 35,718 shares in the company, valued at approximately $1,421,933.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John E. Bezzant sold 5,732 shares of the stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $42.63, for a total value of $244,355.16. Following the transaction, the insider now owns 49,431 shares in the company, valued at approximately $2,107,243.53. The disclosure for this sale can be found here. Company insiders own 1.71% of the company’s stock.

About Apartment Investment and Management

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust. The Company, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. Its segments include conventional real estate and affordable real estate.

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