Arizona State Retirement System Grows Holdings in Apartment Investment and Management (NYSE:AIV)

Arizona State Retirement System raised its position in Apartment Investment and Management (NYSE:AIV – Get Rating) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,932 shares of the real estate investment trust’s stock after purchasing an additional 1,441 shares during the period. Arizona State Retirement System’s holdings in Apartment Investment and Management were worth $306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in Apartment Investment and Management in the 3rd quarter valued at about $25,000. Ensign Peak Advisors Inc purchased a new position in shares of Apartment Investment and Management during the 3rd quarter worth about $30,000. Captrust Financial Advisors purchased a new position in shares of Apartment Investment and Management during the 2nd quarter worth about $30,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Apartment Investment and Management during the 3rd quarter worth about $75,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Apartment Investment and Management during the 3rd quarter worth about $76,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Apartment Investment and Management in a report on Thursday, May 18th. They set a “sell” rating on the stock.

Apartment Investment and Management Trading Down 1.2 %

Shares of AIV stock opened at $8.49 on Tuesday. The firm has a market cap of $1.26 billion, a P/E ratio of 23.58 and a beta of 1.19. Apartment Investment and Management has a 1-year low of $5.63 and a 1-year high of $9.79. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.35 and a quick ratio of 2.35. The firm’s 50-day simple moving average is $7.75 and its 200-day simple moving average is $7.68.

Apartment Investment and Management Company Profile

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Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.