Van ECK Associates Corp Acquires 6,897 Shares of Apartment Investment and Management (NYSE:AIV)

Van ECK Associates Corp raised its holdings in Apartment Investment and Management (NYSE:AIV – Get Rating) by 79.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,530 shares of the real estate investment trust’s stock after acquiring an additional 6,897 shares during the quarter. Van ECK Associates Corp’s holdings in Apartment Investment and Management were worth $111,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC bought a new position in shares of Apartment Investment and Management during the third quarter worth $676,000. Cubist Systematic Strategies LLC bought a new position in shares of Apartment Investment and Management during the third quarter worth $1,419,000. Cipher Capital LP bought a new position in shares of Apartment Investment and Management during the third quarter worth $577,000. Endeavour Capital Advisors Inc. bought a new position in shares of Apartment Investment and Management during the third quarter worth $2,913,000. Finally, Bayesian Capital Management LP bought a new position in shares of Apartment Investment and Management during the third quarter worth $76,000. 95.27% of the stock is owned by institutional investors.

Apartment Investment and Management Trading Up 0.6 %

Shares of NYSE:AIV opened at $8.35 on Friday. Apartment Investment and Management has a 12 month low of $5.63 and a 12 month high of $9.79. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.78. The company’s fifty day simple moving average is $7.70 and its 200 day simple moving average is $7.66. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 23.19 and a beta of 1.19.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Apartment Investment and Management in a research report on Thursday. They set a “sell” rating on the stock.

Apartment Investment and Management Profile

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Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.