OP Asset Management Ltd acquired a new stake in shares of Apartment Investment and Management Company (NYSE:AIV – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 505,237 shares of the real estate investment trust’s stock, valued at approximately $2,056,000.
Several other large investors have also bought and sold shares of the company. Quadrant Capital Group LLC raised its holdings in Apartment Investment and Management by 72.5% in the fourth quarter. Quadrant Capital Group LLC now owns 4,641 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 1,951 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Apartment Investment and Management by 2,561.7% during the fourth quarter. Parallel Advisors LLC now owns 4,658 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 4,483 shares in the last quarter. CWM LLC increased its position in shares of Apartment Investment and Management by 163.7% during the fourth quarter. CWM LLC now owns 5,730 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 3,557 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Apartment Investment and Management in the 2nd quarter worth approximately $59,000. Finally, Federation des caisses Desjardins du Quebec raised its holdings in Apartment Investment and Management by 25.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 10,418 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 2,137 shares during the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Apartment Investment and Management in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Apartment Investment and Management currently has an average rating of “Hold” and an average price target of $10.00.
Apartment Investment and Management Price Performance
AIV opened at $2.98 on Monday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 3.46 and a current ratio of 3.46. The stock has a market capitalization of $429.42 million, a P/E ratio of 0.77 and a beta of 1.18. The company’s 50-day simple moving average is $3.79 and its two-hundred day simple moving average is $4.72. Apartment Investment and Management Company has a 52-week low of $2.85 and a 52-week high of $8.87.
Apartment Investment and Management Dividend Announcement
The firm also recently disclosed a special dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 15th were paid a $1.30 dividend.
Apartment Investment and Management Company Profile
Apartment Investment and Management Company (NYSE:AIV), commonly known as Aimco, is a real estate investment trust focused on the ownership and operation of multifamily residential communities in the United States. The company acquires, develops and manages apartment properties that offer a range of living environments—from urban high-rise buildings to garden-style communities. Aimco’s core business includes leasing apartments, providing on-site services and amenities, and overseeing property maintenance to drive occupancy and resident satisfaction.
Founded in 1994 as part of GMAC Residential, Aimco became a publicly traded REIT with headquarters in Denver, Colorado.
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