New York Life Investment Management LLC Trims Stake in Apartment Investment and Management (NYSE:AIV)

New York Life Investment Management LLC decreased its stake in shares of Apartment Investment and Management (NYSE:AIVFree Report) by 12.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,142 shares of the real estate investment trust’s stock after selling 7,303 shares during the period. New York Life Investment Management LLC’s holdings in Apartment Investment and Management were worth $334,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its holdings in Apartment Investment and Management by 4.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 24,554 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 1,134 shares during the last quarter. AQR Capital Management LLC lifted its position in Apartment Investment and Management by 5.3% during the second quarter. AQR Capital Management LLC now owns 26,991 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 1,359 shares during the last quarter. US Bancorp DE lifted its position in Apartment Investment and Management by 6.8% during the second quarter. US Bancorp DE now owns 23,551 shares of the real estate investment trust’s stock valued at $201,000 after purchasing an additional 1,498 shares during the last quarter. ProShare Advisors LLC lifted its position in Apartment Investment and Management by 9.5% during the second quarter. ProShare Advisors LLC now owns 19,303 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 1,673 shares during the last quarter. Finally, Fox Run Management L.L.C. lifted its holdings in shares of Apartment Investment and Management by 8.7% in the 3rd quarter. Fox Run Management L.L.C. now owns 23,332 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 1,876 shares during the last quarter. Institutional investors own 88.04% of the company’s stock.

Apartment Investment and Management Stock Up 1.1 %

Shares of Apartment Investment and Management stock opened at $7.59 on Tuesday. The firm’s 50 day moving average price is $7.62 and its 200-day moving average price is $7.26. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.91. Apartment Investment and Management has a 52-week low of $5.63 and a 52-week high of $8.93. The company has a market cap of $1.11 billion, a P/E ratio of -5.27 and a beta of 1.31.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of Apartment Investment and Management from a “d+” rating to a “c-” rating in a report on Tuesday, January 16th. StockNews.com raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th.

Get Our Latest Report on AIV

About Apartment Investment and Management

(Free Report)

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.

Further Reading

Want to see what other hedge funds are holding AIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apartment Investment and Management (NYSE:AIVFree Report).

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

Receive News & Ratings for Apartment Investment and Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management and related companies with MarketBeat.com's FREE daily email newsletter.