Western Standard LLC Makes New $9.98 Million Investment in Apartment Investment and Management Company $AIV

Western Standard LLC purchased a new position in shares of Apartment Investment and Management Company (NYSE:AIV) during the fourth quarter, Holdings Channel.com reports. The fund purchased 1,679,924 shares of the real estate investment trust’s stock, valued at approximately $9,979,000. Apartment Investment and Management accounts for 4.6% of Western Standard LLC’s investment portfolio, making the stock its 7th biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC increased its stake in Apartment Investment and Management by 163.7% during the fourth quarter. CWM LLC now owns 5,730 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 3,557 shares during the period. Raymond James Financial Inc. purchased a new stake in Apartment Investment and Management during the second quarter worth about $59,000. Creative Planning increased its stake in Apartment Investment and Management by 16.4% during the second quarter. Creative Planning now owns 12,162 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 1,712 shares during the period. Jefferies Financial Group Inc. purchased a new stake in Apartment Investment and Management during the third quarter worth about $105,000. Finally, Legato Capital Management LLC purchased a new stake in Apartment Investment and Management during the third quarter worth about $105,000. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Apartment Investment and Management in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Apartment Investment and Management presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Apartment Investment and Management Stock Up 1.5%

AIV stock opened at $4.31 on Friday. The company’s 50 day moving average price is $4.24 and its 200 day moving average price is $5.21. The company has a debt-to-equity ratio of 1.87, a quick ratio of 3.46 and a current ratio of 3.46. Apartment Investment and Management Company has a fifty-two week low of $3.93 and a fifty-two week high of $8.87. The firm has a market capitalization of $619.32 million, a price-to-earnings ratio of 1.11 and a beta of 1.20.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Monday, March 2nd. The real estate investment trust reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $2.19. The firm had revenue of $34.64 million for the quarter, compared to analyst estimates of $56.65 million. Apartment Investment and Management had a net margin of 316.79% and a return on equity of 9.05%.

Apartment Investment and Management Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Friday, May 15th will be given a dividend of $1.30 per share.

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.