Yakira Capital Management Inc. Purchases Shares of 234,034 Apartment Investment and Management Company $AIV

Yakira Capital Management Inc. purchased a new stake in Apartment Investment and Management Company (NYSE:AIV) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 234,034 shares of the real estate investment trust’s stock, valued at approximately $1,390,000.

A number of other hedge funds also recently bought and sold shares of the stock. Newtyn Management LLC raised its position in Apartment Investment and Management by 49.5% in the 3rd quarter. Newtyn Management LLC now owns 7,761,846 shares of the real estate investment trust’s stock valued at $61,551,000 after purchasing an additional 2,571,374 shares in the last quarter. Geode Capital Management LLC raised its position in Apartment Investment and Management by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 3,382,389 shares of the real estate investment trust’s stock valued at $20,091,000 after purchasing an additional 52,760 shares in the last quarter. Argosy Lionbridge Management LLC increased its holdings in shares of Apartment Investment and Management by 8.2% in the 3rd quarter. Argosy Lionbridge Management LLC now owns 2,913,134 shares of the real estate investment trust’s stock valued at $23,101,000 after acquiring an additional 220,481 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Apartment Investment and Management by 11.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,005,664 shares of the real estate investment trust’s stock worth $11,914,000 after acquiring an additional 199,547 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Apartment Investment and Management by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,001,362 shares of the real estate investment trust’s stock worth $11,888,000 after acquiring an additional 91,468 shares in the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

Shares of NYSE AIV opened at $2.88 on Monday. 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 Company has a fifty-two week low of $2.86 and a fifty-two week high of $8.87. The firm has a market capitalization of $413.59 million, a PE ratio of 0.74 and a beta of 1.18. The stock’s 50-day simple moving average is $4.03 and its 200-day simple moving average is $4.91.

Apartment Investment and Management Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 15th were given a dividend of $1.30 per share. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 33.51%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.00.

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.