Crestline Management LP Sells 97,713 Shares of Apartment Investment and Management Co (AIV)

Crestline Management LP lowered its holdings in Apartment Investment and Management Co (NYSE:AIV) by 57.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,391 shares of the real estate investment trust’s stock after selling 97,713 shares during the quarter. Crestline Management LP’s holdings in Apartment Investment and Management were worth $3,221,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Macquarie Group Ltd. raised its holdings in shares of Apartment Investment and Management by 16.6% in the 3rd quarter. Macquarie Group Ltd. now owns 743,421 shares of the real estate investment trust’s stock valued at $32,808,000 after purchasing an additional 105,783 shares in the last quarter. Strs Ohio raised its holdings in shares of Apartment Investment and Management by 5.8% in the 4th quarter. Strs Ohio now owns 227,852 shares of the real estate investment trust’s stock valued at $9,998,000 after purchasing an additional 12,588 shares in the last quarter. BlackRock Inc. grew its position in shares of Apartment Investment and Management by 2.2% in the 3rd quarter. BlackRock Inc. now owns 13,642,189 shares of the real estate investment trust’s stock worth $602,030,000 after buying an additional 290,703 shares during the last quarter. Citigroup Inc. grew its position in shares of Apartment Investment and Management by 59.4% in the 4th quarter. Citigroup Inc. now owns 291,277 shares of the real estate investment trust’s stock worth $12,781,000 after buying an additional 108,506 shares during the last quarter. Finally, Hill Winds Capital LP purchased a new position in shares of Apartment Investment and Management in the 4th quarter worth approximately $5,704,000. Institutional investors and hedge funds own 93.37% of the company’s stock.

A number of research analysts have recently issued reports on AIV shares. ValuEngine raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Zacks Investment Research raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Monday, November 26th. Barclays downgraded shares of Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 price objective on the stock. in a research report on Monday, February 4th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $47.00 price objective on shares of Apartment Investment and Management in a research report on Monday, February 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $48.13.

In other Apartment Investment and Management news, CEO Terry Considine sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $49.28, for a total transaction of $4,928,000.00. Following the sale, the chief executive officer now owns 378,365 shares of the company’s stock, valued at approximately $18,645,827.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Patti K. Fielding sold 20,272 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $49.64, for a total transaction of $1,006,302.08. Following the sale, the insider now directly owns 35,187 shares in the company, valued at approximately $1,746,682.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 170,677 shares of company stock worth $8,411,724. 2.83% of the stock is owned by insiders.

Shares of Apartment Investment and Management stock opened at $50.78 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 2.49. Apartment Investment and Management Co has a 52-week low of $38.40 and a 52-week high of $50.84. The company has a market capitalization of $7.32 billion, a PE ratio of 19.91, a PEG ratio of 3.75 and a beta of 0.67.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.61). The firm had revenue of $232.00 million during the quarter, compared to analysts’ expectations of $234.44 million. Apartment Investment and Management had a return on equity of 39.20% and a net margin of 68.29%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 EPS. On average, equities research analysts expect that Apartment Investment and Management Co will post 2.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, February 22nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Thursday, February 21st. This is an increase from Apartment Investment and Management’s previous quarterly dividend of $0.38. Apartment Investment and Management’s payout ratio is currently 61.18%.

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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 132 communities in 17 states and the District of Columbia.

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

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