Union Square Park Capital Management LLC Purchases Shares of 260,000 Apartment Investment and Management Company $AIV

Union Square Park Capital Management LLC purchased a new position in shares of Apartment Investment and Management Company (NYSE:AIV) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 260,000 shares of the real estate investment trust’s stock, valued at approximately $2,062,000. Union Square Park Capital Management LLC owned about 0.18% of Apartment Investment and Management as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AIV. Entropy Technologies LP bought a new position in shares of Apartment Investment and Management in the third quarter valued at $593,000. UBS Group AG increased its holdings in Apartment Investment and Management by 110.3% during the third quarter. UBS Group AG now owns 539,062 shares of the real estate investment trust’s stock worth $4,275,000 after buying an additional 282,764 shares during the last quarter. BNP Paribas Financial Markets raised its position in Apartment Investment and Management by 586.4% during the third quarter. BNP Paribas Financial Markets now owns 83,971 shares of the real estate investment trust’s stock worth $666,000 after acquiring an additional 71,737 shares in the last quarter. Van ECK Associates Corp raised its position in Apartment Investment and Management by 10.8% during the third quarter. Van ECK Associates Corp now owns 32,130 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 3,137 shares in the last quarter. Finally, Swiss National Bank lifted its stake in Apartment Investment and Management by 1.3% in the third quarter. Swiss National Bank now owns 260,984 shares of the real estate investment trust’s stock valued at $2,070,000 after acquiring an additional 3,300 shares during the last quarter. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Trading Down 0.1%

Shares of Apartment Investment and Management stock opened at $4.21 on Friday. 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 business has a fifty day simple moving average of $5.52 and a two-hundred day simple moving average of $6.14. Apartment Investment and Management Company has a 1 year low of $4.19 and a 1 year high of $8.89. The company has a market capitalization of $604.97 million, a price-to-earnings ratio of 1.08 and a beta of 1.35.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Monday, March 2nd. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate of ($0.11) by $2.19. The firm had revenue of $34.64 million for the quarter, compared to the consensus estimate of $56.65 million. Apartment Investment and Management had a net margin of 316.79% and a return on equity of 9.05%. Research analysts forecast that Apartment Investment and Management Company will post -0.8 EPS for the current year.

Apartment Investment and Management Dividend Announcement

The business also recently declared a special dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $1.45 dividend. The ex-dividend date was Friday, February 27th.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.00.

About Apartment Investment and Management

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.