Aew Capital Management L P Decreases Holdings in Apartment Investment and Management Company $AIV

Aew Capital Management L P trimmed its stake in Apartment Investment and Management Company (NYSE:AIV) by 96.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,610 shares of the real estate investment trust’s stock after selling 1,640,890 shares during the quarter. Aew Capital Management L P’s holdings in Apartment Investment and Management were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Long Pond Capital LP bought a new stake in shares of Apartment Investment and Management in the 2nd quarter worth approximately $14,686,000. Man Group plc increased its position in Apartment Investment and Management by 2.1% in the second quarter. Man Group plc now owns 1,059,096 shares of the real estate investment trust’s stock worth $9,161,000 after buying an additional 21,325 shares during the last quarter. Norges Bank bought a new stake in shares of Apartment Investment and Management in the second quarter valued at $6,405,000. JPMorgan Chase & Co. grew its stake in shares of Apartment Investment and Management by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 666,654 shares of the real estate investment trust’s stock worth $5,287,000 after acquiring an additional 190,738 shares during the period. Finally, Sei Investments Co. purchased a new stake in Apartment Investment and Management in the 2nd quarter worth about $5,620,000. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apartment Investment and Management in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.00.

Apartment Investment and Management Trading Down 2.5%

Shares of AIV opened at $5.55 on Wednesday. Apartment Investment and Management Company has a twelve month low of $5.24 and a twelve month high of $9.13. The stock has a market cap of $798.92 million, a PE ratio of 3.22 and a beta of 1.35. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 8.00. The business’s 50-day moving average price is $5.87 and its 200-day moving average price is $6.41.

Apartment Investment and Management Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $1.45 dividend. The ex-dividend date is Friday, February 27th.

Apartment Investment and Management 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.