Voya Investment Management LLC Has $5.02 Million Position in Apartment Investment and Management Company $AIV

Voya Investment Management LLC boosted its position in Apartment Investment and Management Company (NYSE:AIV) by 33.5% during the third quarter, Holdings Channel reports. The institutional investor owned 632,945 shares of the real estate investment trust’s stock after purchasing an additional 158,767 shares during the quarter. Voya Investment Management LLC’s holdings in Apartment Investment and Management were worth $5,019,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Newtyn Management LLC boosted its position in Apartment Investment and Management by 32.4% during the 1st quarter. Newtyn Management LLC now owns 5,000,000 shares of the real estate investment trust’s stock worth $44,000,000 after acquiring an additional 1,223,856 shares during the last quarter. Irenic Capital Management LP lifted its position in shares of Apartment Investment and Management by 21.5% in the first quarter. Irenic Capital Management LP now owns 4,633,134 shares of the real estate investment trust’s stock worth $40,772,000 after purchasing an additional 820,539 shares in the last quarter. Long Pond Capital LP acquired a new position in Apartment Investment and Management during the second quarter worth $14,686,000. Man Group plc boosted its holdings in Apartment Investment and Management by 2.1% during 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 purchasing an additional 21,325 shares during the last quarter. Finally, Norges Bank bought a new position in Apartment Investment and Management in the second quarter valued at $6,405,000. Institutional investors own 83.26% of the company’s stock.

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 Monday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.00.

Apartment Investment and Management Stock Performance

Shares of AIV stock opened at $5.97 on Friday. The company has a fifty day moving average price of $5.61 and a two-hundred day moving average price of $7.25. Apartment Investment and Management Company has a one year low of $5.24 and a one year high of $9.29. The stock has a market cap of $860.16 million, a P/E ratio of 3.47 and a beta of 1.39. The company has a debt-to-equity ratio of 8.00, a current ratio of 4.97 and a quick ratio of 4.97.

Apartment Investment and Management Company 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.