Apartment Investment and Management Company $AIV Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Apartment Investment and Management Company (NYSE:AIV) by 94.2% in the first quarter, Holdings Channel reports. The firm owned 46,889 shares of the real estate investment trust’s stock after selling 766,070 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Apartment Investment and Management were worth $191,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AIV. Quadrant Capital Group LLC raised its position in Apartment Investment and Management by 72.5% in the fourth quarter. Quadrant Capital Group LLC now owns 4,641 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,951 shares during the period. Parallel Advisors LLC boosted its position in shares of Apartment Investment and Management by 2,561.7% in the fourth quarter. Parallel Advisors LLC now owns 4,658 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 4,483 shares during the period. CWM LLC boosted its position in shares of Apartment Investment and Management by 163.7% in the fourth quarter. CWM LLC now owns 5,730 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 3,557 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Apartment Investment and Management in the second quarter valued at about $59,000. Finally, Federation des caisses Desjardins du Quebec grew its stake in shares of Apartment Investment and Management by 25.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 10,418 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 2,137 shares in the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Apartment Investment and Management from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Apartment Investment and Management has an average rating of “Hold” and a consensus price target of $10.00.

Apartment Investment and Management Price Performance

AIV opened at $2.75 on Thursday. Apartment Investment and Management Company has a twelve month low of $2.73 and a twelve month high of $8.82. The firm has a market cap of $394.88 million, a price-to-earnings ratio of 0.71 and a beta of 1.18. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 1.87. The company has a fifty day simple moving average of $3.44 and a 200 day simple moving average of $4.46.

Apartment Investment and Management Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Friday, May 15th were paid a dividend of $1.30 per share. Apartment Investment and Management’s dividend payout ratio is presently 33.51%.

Apartment Investment and Management Company 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.