234,034 Shares in Apartment Investment and Management Company $AIV Purchased by Yakira Capital Management Inc.

Yakira Capital Management Inc. bought a new position in shares of Apartment Investment and Management Company (NYSE:AIV) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 234,034 shares of the real estate investment trust’s stock, valued at approximately $1,390,000. Yakira Capital Management Inc. owned approximately 0.16% of Apartment Investment and Management at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AIV. Quadrant Capital Group LLC lifted its stake in Apartment Investment and Management by 72.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,641 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,951 shares in the last quarter. Parallel Advisors LLC lifted its stake in Apartment Investment and Management by 2,561.7% during the 4th quarter. Parallel Advisors LLC now owns 4,658 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 4,483 shares in the last quarter. CWM LLC lifted its stake in Apartment Investment and Management by 163.7% during the 4th quarter. CWM LLC now owns 5,730 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 3,557 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Apartment Investment and Management during the 2nd quarter worth about $59,000. Finally, Federation des caisses Desjardins du Quebec lifted its stake in Apartment Investment and Management by 25.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 10,418 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 2,137 shares in the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

AIV stock opened at $2.88 on Monday. The company has a debt-to-equity ratio of 1.87, a current ratio of 3.46 and a quick ratio of 3.46. The firm has a market capitalization of $413.59 million, a P/E ratio of 0.74 and a beta of 1.18. The business’s 50-day moving average is $4.03 and its two-hundred day moving average is $4.91. Apartment Investment and Management Company has a 1 year low of $2.86 and a 1 year high of $8.87.

Apartment Investment and Management Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Friday, May 15th were given a $1.30 dividend. Apartment Investment and Management’s dividend payout ratio is currently 33.51%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.00.

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.