Weiss Asset Management LP Purchases 6,900,456 Shares of Apartment Investment and Management Company $AIV

Weiss Asset Management LP raised its position in shares of Apartment Investment and Management Company (NYSE:AIV) by 552.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,150,456 shares of the real estate investment trust’s stock after acquiring an additional 6,900,456 shares during the period. Apartment Investment and Management makes up approximately 0.6% of Weiss Asset Management LP’s holdings, making the stock its 22nd biggest holding. Weiss Asset Management LP owned approximately 0.06% of Apartment Investment and Management worth $33,172,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AIV. Western Standard LLC bought a new position in Apartment Investment and Management during the fourth quarter valued at $9,979,000. DLD Asset Management LP grew its stake in shares of Apartment Investment and Management by 184.2% in the 1st quarter. DLD Asset Management LP now owns 1,070,978 shares of the real estate investment trust’s stock worth $4,359,000 after buying an additional 694,109 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Apartment Investment and Management by 40.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 666,654 shares of the real estate investment trust’s stock worth $5,287,000 after buying an additional 190,738 shares during the last quarter. Tudor Investment Corp ET AL increased its holdings in shares of Apartment Investment and Management by 77.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 460,953 shares of the real estate investment trust’s stock worth $3,655,000 after buying an additional 200,879 shares during the last quarter. Finally, Yakira Capital Management Inc. bought a new stake in shares of Apartment Investment and Management in the 4th quarter worth about $1,390,000. 83.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Apartment Investment and Management from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to 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 Stock Performance

NYSE AIV opened at $2.65 on Friday. The company has a market cap of $380.51 million, a P/E ratio of 0.68 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. The business’s 50 day moving average price is $3.22 and its 200-day moving average price is $4.31. Apartment Investment and Management Company has a fifty-two week low of $2.59 and a fifty-two week high of $8.82.

Apartment Investment and Management Dividend Announcement

The company 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.

About Apartment Investment and Management

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.