Barclays PLC grew its stake in shares of Apartment Investment and Management (NYSE:AIV – Get Rating) by 16.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 641,795 shares of the real estate investment trust’s stock after purchasing an additional 88,445 shares during the quarter. Barclays PLC owned 0.42% of Apartment Investment and Management worth $4,685,000 at the end of the most recent quarter.
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A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Captrust Financial Advisors acquired a new position in shares of Apartment Investment and Management in the second quarter worth about $30,000. Lee Financial Co bought a new stake in Apartment Investment and Management in the second quarter valued at about $64,000. Mackenzie Financial Corp bought a new stake in Apartment Investment and Management in the second quarter valued at about $68,000. Banque Pictet & Cie SA bought a new stake in Apartment Investment and Management in the second quarter valued at about $74,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Apartment Investment and Management in the third quarter valued at about $75,000. Institutional investors and hedge funds own 95.27% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on Apartment Investment and Management in a report on Wednesday, October 12th. They issued a “hold” rating for the company.
Apartment Investment and Management Stock Up 0.8 %
NYSE:AIV opened at $7.61 on Monday. The firm has a market capitalization of $1.15 billion, a PE ratio of 4.23 and a beta of 1.16. The stock has a 50 day moving average of $7.67 and a 200-day moving average of $7.92. Apartment Investment and Management has a 52 week low of $5.22 and a 52 week high of $9.79. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.10.
About Apartment Investment and Management
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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