Apartment Investment and Management Co (AIV) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its holdings in shares of Apartment Investment and Management Co (NYSE:AIV) by 27.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,913 shares of the real estate investment trust’s stock after selling 52,032 shares during the quarter. Hsbc Holdings PLC owned about 0.09% of Apartment Investment and Management worth $6,175,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position in Apartment Investment and Management by 0.4% in the 3rd quarter. Victory Capital Management Inc. now owns 304,769 shares of the real estate investment trust’s stock worth $13,449,000 after buying an additional 1,201 shares during the last quarter. Amica Retiree Medical Trust lifted its position in Apartment Investment and Management by 11.0% in the 3rd quarter. Amica Retiree Medical Trust now owns 12,318 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 1,222 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its position in Apartment Investment and Management by 25.4% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,035 shares of the real estate investment trust’s stock worth $398,000 after buying an additional 1,830 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Apartment Investment and Management by 2.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 74,404 shares of the real estate investment trust’s stock worth $3,283,000 after buying an additional 1,900 shares during the last quarter. Finally, Laurion Capital Management LP lifted its position in Apartment Investment and Management by 22.5% in the 2nd quarter. Laurion Capital Management LP now owns 10,500 shares of the real estate investment trust’s stock worth $444,000 after buying an additional 1,930 shares during the last quarter.

Shares of Apartment Investment and Management stock opened at $47.08 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 4.10 and a beta of 0.51. Apartment Investment and Management Co has a one year low of $37.97 and a one year high of $47.61.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $3.00. Apartment Investment and Management had a return on equity of 55.25% and a net margin of 92.50%. The firm had revenue of $242.48 million for the quarter, compared to analysts’ expectations of $239.80 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year. As a group, equities analysts expect that Apartment Investment and Management Co will post 2.5 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were paid a dividend of $0.38 per share. The ex-dividend date was Thursday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 3.23%. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 62.04%.

In other news, insider Lisa R. Cohn sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $45.62, for a total transaction of $228,100.00. Following the transaction, the insider now directly owns 73,754 shares of the company’s stock, valued at $3,364,657.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.

AIV has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on Apartment Investment and Management from $42.00 to $46.00 and gave the stock a “hold” rating in a research note on Thursday, August 16th. Scotiabank initiated coverage on Apartment Investment and Management in a research note on Tuesday, October 16th. They issued an “underperform” rating on the stock. TheStreet raised Apartment Investment and Management from a “c+” rating to a “b” rating in a research note on Thursday, November 1st. Zacks Investment Research reaffirmed a “sell” rating on shares of Apartment Investment and Management in a research note on Monday, November 12th. Finally, Wells Fargo & Co set a $50.00 price target on Apartment Investment and Management and gave the stock a “buy” rating in a research note on Friday, November 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Apartment Investment and Management currently has a consensus rating of “Hold” and an average price target of $46.80.

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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 133 communities in 17 states and the District of Columbia.

Further Reading: Candlestick

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

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