Apartment Investment and Management (NYSE:AIV) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its position in Apartment Investment and Management (NYSE:AIV – Get Rating) by 25.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 348,951 shares of the real estate investment trust’s stock after selling 120,668 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.23% of Apartment Investment and Management worth $2,547,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. AQR Capital Management LLC lifted its holdings in shares of Apartment Investment and Management by 5.3% in the second quarter. AQR Capital Management LLC now owns 26,991 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 1,359 shares during the period. State of Alaska Department of Revenue raised its position in shares of Apartment Investment and Management by 2.1% during the third quarter. State of Alaska Department of Revenue now owns 74,472 shares of the real estate investment trust’s stock worth $543,000 after purchasing an additional 1,562 shares during the period. Advisor Group Holdings Inc. raised its position in shares of Apartment Investment and Management by 25.7% during the first quarter. Advisor Group Holdings Inc. now owns 9,826 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 2,009 shares during the period. US Bancorp DE raised its position in shares of Apartment Investment and Management by 27.4% during the third quarter. US Bancorp DE now owns 21,979 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 4,722 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in shares of Apartment Investment and Management during the second quarter worth $30,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Apartment Investment and Management in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

Apartment Investment and Management Stock Down 2.1 %

Shares of Apartment Investment and Management stock opened at $7.55 on Monday. The stock’s fifty day moving average is $7.69 and its 200-day moving average is $7.86. The firm has a market capitalization of $1.14 billion, a PE ratio of 4.19 and a beta of 1.16. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.10. Apartment Investment and Management has a 12-month low of $5.22 and a 12-month high of $9.79.

About Apartment Investment and Management

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Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco's mission is to make real estate investments where outcomes are enhanced through human capital and substantial value is created for investors, teammates, and the communities in which we operate.