Greenland Capital Management LP Makes New Investment in Apartment Investment and Management Company $AIV

Greenland Capital Management LP acquired a new stake in Apartment Investment and Management Company (NYSE:AIV) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 170,000 shares of the real estate investment trust’s stock, valued at approximately $1,348,000. Greenland Capital Management LP owned 0.12% of Apartment Investment and Management at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AIV. Raymond James Financial Inc. acquired a new stake in Apartment Investment and Management in the 2nd quarter valued at $59,000. Diversified Trust Co acquired a new stake in shares of Apartment Investment and Management in the 3rd quarter valued at $82,000. Creative Planning grew its holdings in shares of Apartment Investment and Management by 16.4% in the 2nd quarter. Creative Planning now owns 12,162 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 1,712 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Apartment Investment and Management by 193.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 16,242 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 10,711 shares in the last quarter. Finally, Corton Capital Inc. acquired a new position in Apartment Investment and Management in the second quarter valued at about $142,000. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Trading Down 1.8%

Shares of NYSE AIV opened at $5.69 on Tuesday. Apartment Investment and Management Company has a 1-year low of $5.24 and a 1-year high of $9.13. The company has a 50-day moving average of $5.87 and a two-hundred day moving average of $6.43. The company has a market cap of $819.09 million, a PE ratio of 3.31 and a beta of 1.35. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 8.00.

Apartment Investment and Management Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $1.45 dividend. The ex-dividend date is Friday, February 27th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apartment Investment and Management in a research note on Monday, December 29th. 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, Apartment Investment and Management presently has an average rating of “Hold” and a consensus price target of $10.00.

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.