Presima Inc. Has $59.27 Million Position in Apartment Investment and Management Company (NYSE:AIV)

Presima Inc. boosted its stake in shares of Apartment Investment and Management Company (NYSE:AIV) by 53.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,379,400 shares of the real estate investment trust’s stock after buying an additional 480,900 shares during the period. Apartment Investment and Management makes up 8.2% of Presima Inc.’s holdings, making the stock its 3rd largest position. Presima Inc. owned 0.88% of Apartment Investment and Management worth $59,273,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AIV. ING Groep NV increased its stake in shares of Apartment Investment and Management by 0.4% in the second quarter. ING Groep NV now owns 8,048 shares of the real estate investment trust’s stock worth $346,000 after buying an additional 29 shares during the period. New Mexico Educational Retirement Board boosted its position in Apartment Investment and Management by 0.3% in the first quarter. New Mexico Educational Retirement Board now owns 37,483 shares of the real estate investment trust’s stock worth $1,663,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System boosted its position in Apartment Investment and Management by 0.3% in the first quarter. Arizona State Retirement System now owns 38,916 shares of the real estate investment trust’s stock worth $1,726,000 after buying an additional 100 shares in the last quarter. Transamerica Financial Advisors Inc. boosted its position in Apartment Investment and Management by 1.0% in the first quarter. Transamerica Financial Advisors Inc. now owns 14,744 shares of the real estate investment trust’s stock worth $654,000 after buying an additional 152 shares in the last quarter. Finally, Hartford Investment Management Co. boosted its position in Apartment Investment and Management by 0.5% in the first quarter. Hartford Investment Management Co. now owns 36,458 shares of the real estate investment trust’s stock worth $1,617,000 after buying an additional 173 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Company (NYSE AIV) opened at 45.15 on Friday. The company’s 50 day moving average is $44.38 and its 200-day moving average is $44.25. The stock has a market cap of $7.09 billion, a PE ratio of 35.55 and a beta of 0.44. Apartment Investment and Management Company has a 1-year low of $39.66 and a 1-year high of $47.91.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $246.24 million during the quarter, compared to the consensus estimate of $240.78 million. Apartment Investment and Management had a net margin of 20.64% and a return on equity of 12.46%. Apartment Investment and Management’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. Equities research analysts forecast that Apartment Investment and Management Company will post $0.50 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Friday, August 18th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.19%. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 113.39%.

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AIV has been the topic of a number of recent research reports. Zacks Investment Research cut Apartment Investment and Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Bank of America Corporation cut Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $47.00 target price on the stock. in a research note on Friday, June 16th. Canaccord Genuity lowered their price objective on shares of Apartment Investment and Management from $48.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, May 2nd. Barclays PLC lowered their price objective on shares of Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, July 18th. Finally, Mizuho lowered shares of Apartment Investment and Management from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $45.00 to $42.00 in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.88.

Apartment Investment and Management Company Profile

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

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

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