Argosy Lionbridge Management LLC Has $23.10 Million Stock Position in Apartment Investment and Management Company $AIV

Argosy Lionbridge Management LLC grew its holdings in Apartment Investment and Management Company (NYSE:AIV) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,913,134 shares of the real estate investment trust’s stock after purchasing an additional 220,481 shares during the period. Apartment Investment and Management makes up about 15.2% of Argosy Lionbridge Management LLC’s holdings, making the stock its 2nd biggest position. Argosy Lionbridge Management LLC’s holdings in Apartment Investment and Management were worth $23,101,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Creative Planning boosted its holdings in Apartment Investment and Management by 16.4% in the 2nd quarter. Creative Planning now owns 12,162 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 1,712 shares during the period. Daiwa Securities Group Inc. raised its holdings in Apartment Investment and Management by 4.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 46,591 shares of the real estate investment trust’s stock valued at $403,000 after acquiring an additional 1,864 shares during the period. Amundi raised its holdings in Apartment Investment and Management by 3.6% during the 3rd quarter. Amundi now owns 69,627 shares of the real estate investment trust’s stock valued at $537,000 after acquiring an additional 2,396 shares during the period. Van ECK Associates Corp lifted its position in shares of Apartment Investment and Management by 10.8% during the third quarter. Van ECK Associates Corp now owns 32,130 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 3,137 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted 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. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Investment and Management Trading Down 0.1%

Shares of Apartment Investment and Management stock opened at $4.21 on Friday. The company’s 50-day moving average price is $5.52 and its 200-day moving average price is $6.13. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 1.87. Apartment Investment and Management Company has a 12-month low of $4.19 and a 12-month high of $8.89. The company has a market cap of $604.97 million, a price-to-earnings ratio of 1.08 and a beta of 1.35.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Monday, March 2nd. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate of ($0.11) by $2.19. The company had revenue of $34.64 million during the quarter, compared to analysts’ expectations of $56.65 million. Apartment Investment and Management had a net margin of 316.79% and a return on equity of 9.05%. On average, equities analysts expect that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Announces Dividend

The company also recently declared a special dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $1.45 per share. The ex-dividend date was Friday, February 27th.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Apartment Investment and Management in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.