Alpha Wave Global LP Has $2.80 Million Position in Apartment Investment and Management Company $AIV

Alpha Wave Global LP lifted its stake in Apartment Investment and Management Company (NYSE:AIV) by 81.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 323,578 shares of the real estate investment trust’s stock after acquiring an additional 145,562 shares during the quarter. Apartment Investment and Management makes up 0.3% of Alpha Wave Global LP’s portfolio, making the stock its 24th biggest holding. Alpha Wave Global LP’s holdings in Apartment Investment and Management were worth $2,799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Aberdeen Group plc lifted its holdings in Apartment Investment and Management by 3.6% in the 1st quarter. Aberdeen Group plc now owns 38,912 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 1,351 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Apartment Investment and Management by 8.3% during the second quarter. Teacher Retirement System of Texas now owns 21,189 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 1,631 shares during the last quarter. Creative Planning raised its position in shares of Apartment Investment and Management by 16.4% in the second quarter. Creative Planning now owns 12,162 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 1,712 shares during the period. Invesco Ltd. lifted its stake in shares of Apartment Investment and Management by 0.7% in the first quarter. Invesco Ltd. now owns 278,369 shares of the real estate investment trust’s stock worth $2,450,000 after buying an additional 1,984 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Apartment Investment and Management by 5.4% in the first quarter. Envestnet Asset Management Inc. now owns 52,544 shares of the real estate investment trust’s stock worth $462,000 after buying an additional 2,681 shares during the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Stock Performance

Shares of NYSE AIV opened at $5.58 on Friday. The firm has a market capitalization of $803.25 million, a price-to-earnings ratio of 3.24 and a beta of 1.39. Apartment Investment and Management Company has a one year low of $5.24 and a one year high of $9.29. The business has a fifty day simple moving average of $6.18 and a 200 day simple moving average of $7.49. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 8.00.

Apartment Investment and Management Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $2.23 per share.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Apartment Investment and Management in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Apartment Investment and Management presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

About Apartment Investment and Management

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.