Insider Selling: Apartment Investment and Management Co (AIV) Insider Sells 9,694 Shares of Stock

Apartment Investment and Management Co (NYSE:AIV) insider Lisa R. Cohn sold 9,694 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $39.00, for a total transaction of $378,066.00. Following the transaction, the insider now directly owns 82,139 shares of the company’s stock, valued at approximately $3,203,421. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Apartment Investment and Management Co (NYSE:AIV) traded up $0.01 during trading on Tuesday, hitting $39.28. 838,713 shares of the stock traded hands, compared to its average volume of 1,130,447. Apartment Investment and Management Co has a 52 week low of $38.19 and a 52 week high of $46.85. The firm has a market capitalization of $6,155.81, a price-to-earnings ratio of 20.14, a P/E/G ratio of 2.29 and a beta of 0.41. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 2.67.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. Apartment Investment and Management had a net margin of 31.19% and a return on equity of 21.25%. The company had revenue of $250.23 million during the quarter, compared to analyst estimates of $243.24 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. sell-side analysts forecast that Apartment Investment and Management Co will post 2.53 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $1.52 annualized dividend and a dividend yield of 3.87%. This is a positive change from Apartment Investment and Management’s previous quarterly dividend of $0.36. Apartment Investment and Management’s dividend payout ratio is presently 73.85%.

Several equities analysts recently commented on AIV shares. Zacks Investment Research lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Robert W. Baird reaffirmed a “hold” rating and set a $46.00 price target on shares of Apartment Investment and Management in a research report on Tuesday, October 17th. BMO Capital Markets reaffirmed a “sell” rating on shares of Apartment Investment and Management in a research report on Friday, October 27th. Mizuho raised shares of Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 price objective for the company in a research report on Monday, November 6th. Finally, TheStreet lowered shares of Apartment Investment and Management from a “b-” rating to a “c+” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Apartment Investment and Management presently has a consensus rating of “Hold” and a consensus price target of $46.64.

Institutional investors have recently added to or reduced their stakes in the company. Vident Investment Advisory LLC purchased a new position in shares of Apartment Investment and Management in the third quarter valued at $202,000. Shelton Capital Management purchased a new position in shares of Apartment Investment and Management in the second quarter valued at $246,000. CAPROCK Group Inc. purchased a new position in shares of Apartment Investment and Management in the third quarter valued at $251,000. Koch Industries Inc. boosted its stake in shares of Apartment Investment and Management by 4,905.3% in the second quarter. Koch Industries Inc. now owns 264,831 shares of the real estate investment trust’s stock valued at $259,000 after purchasing an additional 259,540 shares during the period. Finally, Allianz Asset Management GmbH purchased a new position in shares of Apartment Investment and Management in the fourth quarter valued at $266,000. 99.74% of the stock is owned by institutional investors.

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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)

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