Apartment Investment and Management Company (NYSE:AIV) CEO Terry Considine sold 111,577 shares of Apartment Investment and Management stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total transaction of $4,910,503.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.51). The firm had revenue of $254.64 million during the quarter, compared to analyst estimates of $249.17 million. Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.81%. During the same period last year, the company posted $0.54 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.44 annualized dividend and a yield of 3.27%. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 109.92%.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/02/terry-considine-sells-111577-shares-of-apartment-investment-and-management-company-aiv-stock.html.

A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Robert W. Baird reissued a “hold” rating and issued a $46.00 price target on shares of Apartment Investment and Management in a research note on Tuesday, October 17th. Mizuho cut shares of Apartment Investment and Management from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $45.00 to $42.00 in a research note on Monday, July 10th. Canaccord Genuity set a $50.00 price target on shares of Apartment Investment and Management and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Finally, Barclays PLC dropped their price target on shares of Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Apartment Investment and Management currently has a consensus rating of “Hold” and an average price target of $46.90.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in shares of Apartment Investment and Management by 86.0% in the 2nd quarter. Renaissance Technologies LLC now owns 4,072,785 shares of the real estate investment trust’s stock worth $175,008,000 after purchasing an additional 1,883,585 shares during the period. Janus Henderson Group PLC purchased a new position in shares of Apartment Investment and Management in the 2nd quarter worth about $37,412,000. Principal Financial Group Inc. raised its holdings in shares of Apartment Investment and Management by 10.4% in the 2nd quarter. Principal Financial Group Inc. now owns 7,481,959 shares of the real estate investment trust’s stock worth $321,500,000 after purchasing an additional 701,904 shares during the period. Duff & Phelps Investment Management Co. raised its holdings in shares of Apartment Investment and Management by 63.3% in the 2nd quarter. Duff & Phelps Investment Management Co. now owns 1,665,067 shares of the real estate investment trust’s stock worth $71,548,000 after purchasing an additional 645,150 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Apartment Investment and Management in the 2nd quarter worth about $23,487,000. Hedge funds and other institutional investors own 98.43% 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 (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.

Insider Buying and Selling by Quarter for Apartment Investment and Management (NYSE:AIV)

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