Union Square Park Capital Management LLC Buys 475,000 Shares of Apartment Investment and Management Company $AIV

Union Square Park Capital Management LLC increased its stake in Apartment Investment and Management Company (NYSE:AIV) by 73.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,125,000 shares of the real estate investment trust’s stock after acquiring an additional 475,000 shares during the quarter. Apartment Investment and Management comprises approximately 2.6% of Union Square Park Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Union Square Park Capital Management LLC’s holdings in Apartment Investment and Management were worth $4,579,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its holdings in Apartment Investment and Management by 72.5% during the fourth quarter. Quadrant Capital Group LLC now owns 4,641 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,951 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Apartment Investment and Management by 2,561.7% during the fourth quarter. Parallel Advisors LLC now owns 4,658 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 4,483 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Apartment Investment and Management by 47,612.5% during the 1st quarter. Bessemer Group Inc. now owns 7,634 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 7,618 shares during the last quarter. CWM LLC raised its position in shares of Apartment Investment and Management by 163.7% during the 4th quarter. CWM LLC now owns 5,730 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 3,557 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Apartment Investment and Management in the 2nd quarter valued at about $59,000. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings cut Apartment Investment and Management from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Apartment Investment and Management currently has an average rating of “Hold” and an average price target of $10.00.

Apartment Investment and Management Price Performance

Shares of NYSE AIV opened at $2.65 on Friday. The firm has a 50-day simple moving average of $3.22 and a 200-day simple moving average of $4.31. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $380.51 million, a price-to-earnings ratio of 0.68 and a beta of 1.18. Apartment Investment and Management Company has a 52 week low of $2.59 and a 52 week high of $8.82.

Apartment Investment and Management Dividend Announcement

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

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.