Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Apartment Investment and Management (NYSE:AIV – Get Rating) by 46.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,200 shares of the real estate investment trust's stock after acquiring an additional 7,307 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Apartment Investment and Management were worth $169,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. increased its stake in Apartment Investment and Management by 8.1% in the second quarter. Contravisory Investment Management Inc. now owns 87,450 shares of the real estate investment trust's stock valued at $560,000 after acquiring an additional 6,580 shares during the last quarter. Caption Management LLC acquired a new stake in Apartment Investment and Management in the second quarter valued at approximately $240,000. SG Americas Securities LLC boosted its position in Apartment Investment and Management by 108.2% in the second quarter. SG Americas Securities LLC now owns 68,862 shares of the real estate investment trust's stock valued at $441,000 after buying an additional 35,795 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Apartment Investment and Management in the second quarter valued at approximately $312,000. Finally, Long Pond Capital LP boosted its position in Apartment Investment and Management by 7.8% in the second quarter. Long Pond Capital LP now owns 10,759,559 shares of the real estate investment trust's stock valued at $68,861,000 after buying an additional 780,800 shares in the last quarter. 95.27% of the stock is owned by institutional investors.
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Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Apartment Investment and Management in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock.
Apartment Investment and Management Stock Performance
Shares of Apartment Investment and Management stock opened at $7.12 on Friday. Apartment Investment and Management has a fifty-two week low of $5.22 and a fifty-two week high of $9.79. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.80 and a quick ratio of 1.80. The firm has a market capitalization of $1.08 billion, a P/E ratio of 3.96 and a beta of 1.12. The company's 50 day moving average price is $7.75 and its two-hundred day moving average price is $7.75.
Apartment Investment and Management Company Profile
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Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco's mission is to make real estate investments where outcomes are enhanced through human capital and substantial value is created for investors, teammates, and the communities in which we operate.
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