Union Square Park Capital Management LLC Has $3.86 Million Stock Holdings in Apartment Investment and Management Company $AIV

Union Square Park Capital Management LLC increased its holdings in shares of Apartment Investment and Management Company (NYSE:AIV) by 150.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 650,000 shares of the real estate investment trust’s stock after purchasing an additional 390,000 shares during the period. Apartment Investment and Management makes up approximately 1.9% of Union Square Park Capital Management LLC’s holdings, making the stock its 12th largest position. Union Square Park Capital Management LLC owned 0.45% of Apartment Investment and Management worth $3,861,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Creative Planning lifted its position in shares of Apartment Investment and Management by 16.4% during the 2nd quarter. Creative Planning now owns 12,162 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 1,712 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Apartment Investment and Management by 4.2% during the second 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. Quadrant Capital Group LLC increased its stake in Apartment Investment and Management by 72.5% during 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 acquiring an additional 1,951 shares during the period. Federation des caisses Desjardins du Quebec increased its stake in Apartment Investment and Management by 25.8% during 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 acquiring an additional 2,137 shares during the period. Finally, Amundi increased its stake in Apartment Investment and Management by 3.6% during the third 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. Institutional investors and hedge funds own 83.26% of the company’s stock.

Wall Street Analyst Weigh In

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

Apartment Investment and Management Trading Up 1.6%

Shares of AIV opened at $2.92 on Wednesday. Apartment Investment and Management Company has a 12-month low of $2.85 and a 12-month high of $8.87. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 1.87. The firm has a market capitalization of $419.35 million, a price-to-earnings ratio of 0.75 and a beta of 1.18. The stock’s 50-day moving average price is $3.98 and its 200 day moving average price is $4.87.

Apartment Investment and Management Announces Dividend

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

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.