Strs Ohio lowered its position in Apartment Investment and Management (NYSE:AIV – Get Rating) by 2.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,339 shares of the real estate investment trust’s stock after selling 4,340 shares during the quarter. Strs Ohio’s holdings in Apartment Investment and Management were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in Apartment Investment and Management by 0.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,864,427 shares of the real estate investment trust’s stock worth $29,834,000 after buying an additional 20,080 shares in the last quarter. TCW Group Inc. boosted its stake in shares of Apartment Investment and Management by 169.2% during the first quarter. TCW Group Inc. now owns 1,399,152 shares of the real estate investment trust’s stock valued at $10,242,000 after purchasing an additional 879,466 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Apartment Investment and Management by 85.8% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,007,000 shares of the real estate investment trust’s stock valued at $7,774,000 after purchasing an additional 465,000 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Apartment Investment and Management by 81.6% during the fourth quarter. Renaissance Technologies LLC now owns 729,740 shares of the real estate investment trust’s stock valued at $5,634,000 after purchasing an additional 327,800 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Apartment Investment and Management by 10.3% during the third quarter. UBS Asset Management Americas Inc. now owns 650,148 shares of the real estate investment trust’s stock valued at $4,454,000 after purchasing an additional 60,647 shares during the period. 89.50% of the stock is owned by institutional investors and hedge funds.
NYSE:AIV opened at $6.79 on Wednesday. The firm has a market cap of $1.04 billion, a PE ratio of -56.58 and a beta of 1.00. Apartment Investment and Management has a fifty-two week low of $5.22 and a fifty-two week high of $8.16. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.27 and a current ratio of 0.27. The business has a 50 day moving average price of $6.15 and a 200-day moving average price of $6.75.
Separately, StockNews.com assumed coverage on Apartment Investment and Management in a research note on Thursday, March 31st. They set a “sell” rating for the company.
About Apartment Investment and Management (Get Rating)
Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco’s mission is to make real estate investments where outcomes are enhanced through human capital and substantial value is created for investors, teammates, and the communities in which we operate.
Further Reading
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