Irenic Capital Management LP Purchases 1,139,197 Shares of Apartment Investment and Management Company $AIV

Irenic Capital Management LP grew its holdings in Apartment Investment and Management Company (NYSE:AIV) by 29.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,029,521 shares of the real estate investment trust’s stock after purchasing an additional 1,139,197 shares during the quarter. Apartment Investment and Management comprises 1.3% of Irenic Capital Management LP’s portfolio, making the stock its 17th biggest holding. Irenic Capital Management LP’s holdings in Apartment Investment and Management were worth $20,470,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AIV. AQR Capital Management LLC boosted its stake in Apartment Investment and Management by 66.3% during the 1st quarter. AQR Capital Management LLC now owns 27,747 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 11,066 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Apartment Investment and Management by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,692 shares of the real estate investment trust’s stock worth $728,000 after buying an additional 3,635 shares during the period. Creative Planning increased its position 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. Franklin Resources Inc. acquired a new position in shares of Apartment Investment and Management during the second quarter worth approximately $204,000. Finally, Quantbot Technologies LP lifted its holdings in shares of Apartment Investment and Management by 23.8% during the second quarter. Quantbot Technologies LP now owns 44,831 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 8,625 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Apartment Investment and Management Price Performance

Shares of AIV stock opened at $2.61 on Wednesday. Apartment Investment and Management Company has a 12 month low of $2.59 and a 12 month high of $8.82. The company has a market capitalization of $376.05 million, a P/E ratio of 0.67 and a beta of 1.18. The stock has a 50 day moving average of $3.16 and a two-hundred day moving average of $4.25. 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 Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, June 3rd. Investors of record on Friday, May 15th were given a $1.30 dividend.

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.