Apartment Investment and Management Company $AIV Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its position in shares of Apartment Investment and Management Company (NYSE:AIV) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,156,666 shares of the real estate investment trust’s stock after selling 122,793 shares during the period. Vanguard Group Inc. owned about 0.13% of Apartment Investment and Management worth $151,912,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AIV. Long Pond Capital LP acquired a new stake in shares of Apartment Investment and Management in the second quarter valued at approximately $14,686,000. Man Group plc lifted its position in Apartment Investment and Management by 2.1% in the second quarter. Man Group plc now owns 1,059,096 shares of the real estate investment trust’s stock valued at $9,161,000 after purchasing an additional 21,325 shares during the period. Norges Bank purchased a new stake in shares of Apartment Investment and Management in the second quarter valued at approximately $6,405,000. JPMorgan Chase & Co. grew its stake in shares of Apartment Investment and Management by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 666,654 shares of the real estate investment trust’s stock worth $5,287,000 after purchasing an additional 190,738 shares during the period. Finally, Sei Investments Co. acquired a new position in shares of Apartment Investment and Management in the second quarter valued at approximately $5,620,000. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Trading Down 1.6%

AIV opened at $4.32 on Wednesday. The firm’s 50 day moving average is $5.79 and its 200-day moving average is $6.31. Apartment Investment and Management Company has a 52-week low of $4.25 and a 52-week high of $9.13. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 8.00. The firm has a market capitalization of $622.43 million, a P/E ratio of 1.11 and a beta of 1.35.

Apartment Investment and Management Dividend Announcement

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

Analysts Set New Price Targets

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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Apartment Investment and Management has a consensus 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.