OP Asset Management Ltd Purchases New Position in Apartment Investment and Management Company $AIV

OP Asset Management Ltd purchased a new position in Apartment Investment and Management Company (NYSE:AIV) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 505,237 shares of the real estate investment trust’s stock, valued at approximately $2,056,000. OP Asset Management Ltd owned approximately 0.35% of Apartment Investment and Management at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AIV. Union Square Park Capital Management LLC bought a new position in shares of Apartment Investment and Management in the 3rd quarter worth approximately $2,062,000. Western Standard LLC bought a new stake in shares of Apartment Investment and Management during the fourth quarter valued at approximately $9,979,000. JPMorgan Chase & Co. boosted its position in shares of Apartment Investment and Management by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 666,654 shares of the real estate investment trust’s stock valued at $5,287,000 after purchasing an additional 190,738 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Apartment Investment and Management by 77.2% during the third quarter. Tudor Investment Corp ET AL now owns 460,953 shares of the real estate investment trust’s stock valued at $3,655,000 after purchasing an additional 200,879 shares in the last quarter. Finally, Yakira Capital Management Inc. purchased a new stake in Apartment Investment and Management in the fourth quarter worth $1,390,000. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Apartment Investment and Management presently has an average rating of “Hold” and a consensus price target of $10.00.

Apartment Investment and Management Price Performance

Shares of NYSE AIV opened at $2.98 on Monday. The company has a 50 day simple moving average of $3.79 and a two-hundred day simple moving average of $4.72. Apartment Investment and Management Company has a fifty-two week low of $2.85 and a fifty-two week high of $8.87. The company has a market capitalization of $429.42 million, a price-to-earnings ratio of 0.77 and a beta of 1.18. The company has a debt-to-equity ratio of 1.87, a quick ratio of 3.46 and a current ratio of 3.46.

Apartment Investment and Management Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 15th were paid a dividend of $1.30 per share.

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.