State Board of Administration of Florida Retirement System Reduces Stock Holdings in Apartment Investment and Management (NYSE:AIV)

State Board of Administration of Florida Retirement System lowered its position in Apartment Investment and Management (NYSE:AIVGet Rating) by 78.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,145 shares of the real estate investment trust’s stock after selling 261,015 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Apartment Investment and Management were worth $449,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. boosted its stake in shares of Apartment Investment and Management by 8.1% during the second quarter. Contravisory Investment Management Inc. now owns 87,450 shares of the real estate investment trust’s stock valued at $560,000 after acquiring an additional 6,580 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Apartment Investment and Management by 9.2% during the first quarter. Teacher Retirement System of Texas now owns 31,562 shares of the real estate investment trust’s stock valued at $231,000 after acquiring an additional 2,656 shares during the last quarter. Legacy Wealth Asset Management LLC acquired a new stake in shares of Apartment Investment and Management during the first quarter valued at $75,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Apartment Investment and Management during the second quarter valued at $312,000. Finally, SG Americas Securities LLC boosted its stake in Apartment Investment and Management by 108.2% in the 2nd quarter. SG Americas Securities LLC now owns 68,862 shares of the real estate investment trust’s stock worth $441,000 after buying an additional 35,795 shares during the last quarter. Hedge funds and other institutional investors own 97.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AIV shares. TheStreet raised Apartment Investment and Management from a “d+” rating to a “c+” rating in a research note on Thursday, August 11th. StockNews.com started coverage on Apartment Investment and Management in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

Apartment Investment and Management Stock Up 2.0 %

Shares of NYSE:AIV opened at $7.97 on Friday. The stock’s 50-day moving average price is $7.68 and its two-hundred day moving average price is $7.38. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.10. Apartment Investment and Management has a 12-month low of $5.22 and a 12-month high of $9.79. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 4.43 and a beta of 1.12.

About Apartment Investment and Management

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Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco's mission is to make real estate investments where outcomes are enhanced through human capital and substantial value is created for investors, teammates, and the communities in which we operate.

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Institutional Ownership by Quarter for Apartment Investment and Management (NYSE:AIV)

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