Land & Buildings Investment Management LLC boosted its holdings in shares of Apartment Investment and Management (NYSE:AIV – Get Rating) by 3.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,341,214 shares of the real estate investment trust's stock after buying an additional 278,938 shares during the period. Apartment Investment and Management makes up approximately 11.8% of Land & Buildings Investment Management LLC's investment portfolio, making the stock its biggest position. Land & Buildings Investment Management LLC's holdings in Apartment Investment and Management were worth $53,591,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. raised its position in Apartment Investment and Management by 25.7% during the first quarter. Advisor Group Holdings Inc. now owns 9,826 shares of the real estate investment trust's stock valued at $147,000 after purchasing an additional 2,009 shares in the last quarter. Raymond James & Associates purchased a new stake in Apartment Investment and Management during the first quarter valued at about $115,000. Private Advisor Group LLC raised its position in Apartment Investment and Management by 221.4% during the first quarter. Private Advisor Group LLC now owns 69,964 shares of the real estate investment trust's stock valued at $512,000 after purchasing an additional 48,194 shares in the last quarter. MetLife Investment Management LLC raised its position in Apartment Investment and Management by 36.1% during the first quarter. MetLife Investment Management LLC now owns 70,993 shares of the real estate investment trust's stock valued at $520,000 after purchasing an additional 18,828 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in Apartment Investment and Management by 79.3% during the first quarter. Canada Pension Plan Investment Board now owns 1,806,000 shares of the real estate investment trust's stock valued at $13,220,000 after purchasing an additional 799,000 shares in the last quarter. Institutional investors own 95.27% of the company's stock.
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NYSE AIV opened at $7.79 on Friday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 16.57 and a beta of 1.17. The stock's 50-day simple moving average is $7.49 and its two-hundred day simple moving average is $7.84. The company has a quick ratio of 1.80, a current ratio of 2.52 and a debt-to-equity ratio of 1.68. Apartment Investment and Management has a twelve month low of $5.22 and a twelve month high of $9.79.
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 by Terry Considine in 1975 and is headquartered in Denver, CO.
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