Greenland Capital Management LP Purchases New Stake in Apartment Investment and Management Company $AIV

Greenland Capital Management LP acquired a new position in shares of Apartment Investment and Management Company (NYSE:AIV) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 170,000 shares of the real estate investment trust’s stock, valued at approximately $1,348,000.

A number of other large investors also recently added to or reduced their stakes in AIV. Raymond James Financial Inc. bought a new position in shares of Apartment Investment and Management in the 2nd quarter valued at about $59,000. Diversified Trust Co acquired a new position in Apartment Investment and Management in the third quarter valued at approximately $82,000. Creative Planning boosted its stake 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 valued at $105,000 after acquiring an additional 1,712 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Apartment Investment and Management by 193.7% in the second quarter. Tower Research Capital LLC TRC now owns 16,242 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 10,711 shares during the last quarter. Finally, Corton Capital Inc. acquired a new stake in Apartment Investment and Management during the 2nd quarter worth $142,000. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Down 1.8%

Shares of NYSE AIV opened at $5.69 on Tuesday. Apartment Investment and Management Company has a 52-week low of $5.24 and a 52-week high of $9.13. 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 stock has a market cap of $819.09 million, a P/E ratio of 3.31 and a beta of 1.35. The firm has a 50 day moving average price of $5.87 and a 200 day moving average price of $6.43.

Apartment Investment and Management Dividend Announcement

The company also recently declared a special dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $1.45 dividend. The ex-dividend date of this dividend is Friday, February 27th.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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 company’s stock. According to MarketBeat, Apartment Investment and Management presently has an average rating of “Hold” and a consensus target price of $10.00.

Apartment Investment and Management 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.