Apartment Investment and Management Co (AIV) CEO Terry Considine Sells 100,000 Shares

Apartment Investment and Management Co (NYSE:AIV) CEO Terry Considine sold 100,000 shares of the company’s stock in a transaction dated 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 $18,645,827.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NYSE AIV traded up $0.46 during mid-day trading on Wednesday, hitting $49.35. The company had a trading volume of 1,220,364 shares, compared to its average volume of 1,301,156. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.43 and a current ratio of 0.32. Apartment Investment and Management Co has a 12 month low of $37.97 and a 12 month high of $49.92. The stock has a market cap of $7.67 billion, a PE ratio of 19.98, a PEG ratio of 3.58 and a beta of 0.71.

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Apartment Investment and Management (NYSE:AIV) last released its earnings results on Monday, February 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.61). Apartment Investment and Management had a net margin of 68.29% and a return on equity of 39.20%. The company had revenue of $232.00 million during the quarter, compared to the consensus estimate of $234.44 million. During the same quarter in the previous year, the business posted $1.67 EPS. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. Research analysts forecast that Apartment Investment and Management Co will post 2.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, February 22nd will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, February 21st. This is a boost from Apartment Investment and Management’s previous quarterly dividend of $0.38. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 61.54%.

A number of large investors have recently bought and sold shares of AIV. Advisors Asset Management Inc. raised its position in Apartment Investment and Management by 114.5% in the second quarter. Advisors Asset Management Inc. now owns 4,122 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 2,200 shares in the last quarter. Bank of Montreal Can raised its position in Apartment Investment and Management by 61.4% in the third quarter. Bank of Montreal Can now owns 298,193 shares of the real estate investment trust’s stock worth $13,160,000 after purchasing an additional 113,397 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in Apartment Investment and Management by 25.4% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,035 shares of the real estate investment trust’s stock worth $398,000 after purchasing an additional 1,830 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Apartment Investment and Management by 1.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 204,500 shares of the real estate investment trust’s stock worth $9,024,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Apartment Investment and Management by 2.6% in the third quarter. Nisa Investment Advisors LLC now owns 74,404 shares of the real estate investment trust’s stock worth $3,283,000 after purchasing an additional 1,900 shares in the last quarter. 99.42% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. TheStreet upgraded shares of Apartment Investment and Management from a “c+” rating to a “b” rating in a research note on Thursday, November 1st. Scotiabank assumed coverage on shares of Apartment Investment and Management in a research note on Tuesday, October 16th. They issued an “underperform” rating for the company. ValuEngine upgraded shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $47.00 target price on shares of Apartment Investment and Management in a research note on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $47.75.

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

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