GABELLI & Co INVESTMENT ADVISERS INC. Buys New Stake in Apartment Investment and Management Company $AIV

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Apartment Investment and Management Company (NYSE:AIV) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 379,450 shares of the real estate investment trust’s stock, valued at approximately $1,544,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in Apartment Investment and Management by 66.3% during the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 valued at $728,000 after purchasing an additional 3,635 shares during the period. Creative Planning raised its holdings in shares of 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 in the last quarter. Franklin Resources Inc. acquired a new position in shares of Apartment Investment and Management in the 2nd quarter worth approximately $204,000. Finally, Quantbot Technologies LP lifted its position in shares of Apartment Investment and Management by 23.8% during the 2nd 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 period. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Stock Up 0.2%

Shares of AIV opened at $2.65 on Friday. The company has a market capitalization of $380.51 million, a P/E ratio of 0.68 and a beta of 1.18. Apartment Investment and Management Company has a one year low of $2.59 and a one year high of $8.82. The business’s 50 day simple moving average is $3.22 and its 200-day simple moving average is $4.31. The company has a debt-to-equity ratio of 1.87, a current ratio of 3.46 and a quick ratio of 3.46.

Apartment Investment and Management Announces Dividend

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

Analyst Ratings Changes

Separately, Weiss Ratings lowered Apartment Investment and Management from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average 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.