Gabelli Funds LLC Increases Position in Apartment Investment and Management Company $AIV

Gabelli Funds LLC grew its position in Apartment Investment and Management Company (NYSE:AIV) by 1,306.0% during the first quarter, Holdings Channel.com reports. The firm owned 421,799 shares of the real estate investment trust’s stock after acquiring an additional 391,799 shares during the period. Gabelli Funds LLC’s holdings in Apartment Investment and Management were worth $1,717,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AIV. Quadrant Capital Group LLC lifted its position in shares of 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 purchasing an additional 1,951 shares during the last quarter. Parallel Advisors LLC increased its holdings in 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 valued at $28,000 after buying an additional 4,483 shares during the last quarter. Bessemer Group Inc. increased its holdings in Apartment Investment and Management by 47,612.5% in the first quarter. Bessemer Group Inc. now owns 7,634 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 7,618 shares during the last quarter. CWM LLC raised its stake in 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 valued at $34,000 after buying an additional 3,557 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Apartment Investment and Management in the second quarter valued at $59,000. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Stock Performance

Shares of AIV opened at $2.60 on Thursday. The stock has a 50 day moving average price of $3.13 and a 200 day moving average price of $4.23. 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 company has a market capitalization of $374.76 million, a price-to-earnings ratio of 0.67 and a beta of 1.18. Apartment Investment and Management Company has a 52-week low of $2.59 and a 52-week high of $8.82.

Analyst Upgrades and Downgrades

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

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.