Aew Capital Management L P Sells 1,640,890 Shares of Apartment Investment and Management Company $AIV

Aew Capital Management L P lessened its position in Apartment Investment and Management Company (NYSE:AIV) by 96.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 55,610 shares of the real estate investment trust’s stock after selling 1,640,890 shares during the period. Aew Capital Management L P’s holdings in Apartment Investment and Management were worth $441,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AIV. Teacher Retirement System of Texas grew its position in Apartment Investment and Management by 8.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 21,189 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 1,631 shares during the period. Creative Planning lifted its stake in shares of 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 valued at $105,000 after buying an additional 1,712 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Apartment Investment and Management by 4.2% during the second quarter. Daiwa Securities Group Inc. now owns 46,591 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 1,864 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in shares of Apartment Investment and Management by 10.7% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 33,034 shares of the real estate investment trust’s stock worth $286,000 after acquiring an additional 3,204 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Apartment Investment and Management by 8.8% in the 2nd quarter. Tidal Investments LLC now owns 42,589 shares of the real estate investment trust’s stock worth $368,000 after acquiring an additional 3,442 shares during the last quarter. 83.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Apartment Investment and Management in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Apartment Investment and Management has an average rating of “Hold” and an average target price of $10.00.

Apartment Investment and Management Trading Down 2.5%

NYSE:AIV opened at $5.55 on Wednesday. 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 cap of $798.92 million, a price-to-earnings ratio of 3.22 and a beta of 1.35. Apartment Investment and Management Company has a 52 week low of $5.24 and a 52 week high of $9.13. The firm has a 50-day moving average price of $5.87 and a two-hundred day moving average price of $6.41.

Apartment Investment and Management Announces Dividend

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

About Apartment Investment and Management

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.