DLD Asset Management LP Increases Position in Apartment Investment and Management Company $AIV

DLD Asset Management LP increased its position in shares of Apartment Investment and Management Company (NYSE:AIV) by 184.2% during the 1st quarter, Holdings Channel reports. The firm owned 1,070,978 shares of the real estate investment trust’s stock after acquiring an additional 694,109 shares during the period. Apartment Investment and Management comprises 0.4% of DLD Asset Management LP’s investment portfolio, making the stock its 26th biggest position. DLD Asset Management LP’s holdings in Apartment Investment and Management were worth $4,359,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Silver Point Capital L.P. purchased a new position in shares of Apartment Investment and Management during the 4th quarter valued at $43,995,000. Irenic Capital Management LP purchased a new stake in Apartment Investment and Management in the 4th quarter worth $23,109,000. Newtyn Management LLC increased its stake in Apartment Investment and Management by 49.5% in the 3rd quarter. Newtyn Management LLC now owns 7,761,846 shares of the real estate investment trust’s stock worth $61,551,000 after buying an additional 2,571,374 shares in the last quarter. Western Standard LLC bought a new stake in Apartment Investment and Management during the fourth quarter valued at about $9,979,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Apartment Investment and Management during the fourth quarter valued at about $5,467,000. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Analyst Upgrades and Downgrades

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

Apartment Investment and Management Price Performance

AIV stock opened at $2.63 on Thursday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 3.46 and a current ratio of 3.46. The company’s fifty day moving average price is $3.29 and its 200-day moving average price is $4.34. Apartment Investment and Management Company has a one year low of $2.62 and a one year high of $8.82. The company has a market capitalization of $379.07 million, a PE ratio of 0.68 and a beta of 1.18.

Apartment Investment and Management Announces Dividend

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

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.