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

Vanguard Group Inc. trimmed its holdings in Apartment Investment and Management Company (NYSE:AIV) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,156,666 shares of the real estate investment trust’s stock after selling 122,793 shares during the quarter. Vanguard Group Inc. owned about 13.46% of Apartment Investment and Management worth $151,912,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AIV. Long Pond Capital LP purchased a new stake in Apartment Investment and Management in the second quarter valued at $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 buying an additional 21,325 shares during the last quarter. Norges Bank purchased a new position in Apartment Investment and Management during the second quarter worth about $6,405,000. JPMorgan Chase & Co. increased its position in shares of Apartment Investment and Management by 40.1% during the third quarter. JPMorgan Chase & Co. now owns 666,654 shares of the real estate investment trust’s stock valued at $5,287,000 after acquiring an additional 190,738 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of Apartment Investment and Management in the 2nd quarter valued at approximately $5,620,000. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Apartment Investment and Management in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

Apartment Investment and Management Stock Down 1.6%

Shares of NYSE:AIV opened at $4.32 on Wednesday. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 8.00. Apartment Investment and Management Company has a fifty-two week low of $4.25 and a fifty-two week high of $9.13. The stock has a market cap of $622.43 million, a price-to-earnings ratio of 1.11 and a beta of 1.35. The firm’s 50 day moving average price is $5.79 and its 200 day moving average price is $6.31.

Apartment Investment and Management Announces Dividend

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

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.