Apartment Investment and Management Company $AIV Stake Boosted by Alpha Wave Global LP

Alpha Wave Global LP increased its stake in Apartment Investment and Management Company (NYSE:AIV) by 81.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 323,578 shares of the real estate investment trust’s stock after purchasing an additional 145,562 shares during the period. Apartment Investment and Management accounts for 0.3% of Alpha Wave Global LP’s portfolio, making the stock its 24th largest position. Alpha Wave Global LP owned approximately 0.23% of Apartment Investment and Management worth $2,799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AIV. Covestor Ltd raised its position in shares of Apartment Investment and Management by 276.5% during the 1st quarter. Covestor Ltd now owns 9,355 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 6,870 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in Apartment Investment and Management during the first quarter worth approximately $85,000. Creative Planning lifted its position in Apartment Investment and Management by 16.4% in the second quarter. Creative Planning now owns 12,162 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 1,712 shares during the period. Corton Capital Inc. bought a new position in Apartment Investment and Management during the 2nd quarter valued at $142,000. Finally, Inceptionr LLC boosted its stake in Apartment Investment and Management by 37.5% during the 2nd quarter. Inceptionr LLC now owns 18,530 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 5,056 shares in the last quarter. 83.26% of the stock is currently owned by institutional investors.

Apartment Investment and Management Trading Down 0.1%

Apartment Investment and Management stock opened at $5.58 on Friday. Apartment Investment and Management Company has a 52 week low of $5.24 and a 52 week high of $9.29. The company has a debt-to-equity ratio of 8.00, a quick ratio of 4.97 and a current ratio of 4.97. The firm has a market capitalization of $803.25 million, a price-to-earnings ratio of 3.24 and a beta of 1.39. The company has a 50 day moving average price of $6.18 and a 200 day moving average price of $7.49.

Apartment Investment and Management Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $2.23 dividend.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Apartment Investment and Management in a report on Monday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Apartment Investment and Management Profile

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.