Dimensional Fund Advisors LP Sells 900,760 Shares of Apartment Investment and Management Company $AIV

Key Points

• Dimensional Fund Advisors cut its Aimco stake by 49.2%, selling 900,760 shares during the first quarter and retaining 930,774 shares worth approximately $3.8 million.
• Institutional ownership remains high at 83.26%, with several investors—including AQR Capital Management, Creative Planning and Quantbot Technologies—raising their positions.
• Aimco shares opened at $2.61, near their 52-week low of $2.59, while the stock carries a consensus “Sell” rating and a $379.1 million market capitalization.

Dimensional Fund Advisors LP lessened its holdings in Apartment Investment and Management Company (NYSE:AIV - Free Report) by 49.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 930,774 shares of the real estate investment trust's stock after selling 900,760 shares during the quarter. Dimensional Fund Advisors LP owned about 0.65% of Apartment Investment and Management worth $3,788,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Apartment Investment and Management by 66.3% in the 1st quarter. AQR Capital Management LLC now owns 27,747 shares of the real estate investment trust's stock worth $244,000 after purchasing an additional 11,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Apartment Investment and Management by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,692 shares of the real estate investment trust's stock valued at $728,000 after buying an additional 3,635 shares in the last quarter. Creative Planning increased its position in Apartment Investment and Management by 16.4% during the 2nd quarter. Creative Planning now owns 12,162 shares of the real estate investment trust's stock valued at $105,000 after buying an additional 1,712 shares in the last quarter. Franklin Resources Inc. purchased a new position in Apartment Investment and Management during the second quarter valued at $204,000. Finally, Quantbot Technologies LP raised its stake in Apartment Investment and Management by 23.8% during the second quarter. Quantbot Technologies LP now owns 44,831 shares of the real estate investment trust's stock valued at $388,000 after buying an additional 8,625 shares during the last quarter. Institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Trading Up 0.8%

NYSE:AIV opened at $2.61 on Thursday. The company's 50 day moving average price is $2.81 and its 200-day moving average price is $4.00. Apartment Investment and Management Company has a 52 week low of $2.59 and a 52 week high of $8.03. The company has a quick ratio of 3.46, a current ratio of 3.46 and a debt-to-equity ratio of 1.87. The stock has a market cap of $379.08 million, a price-to-earnings ratio of 0.67 and a beta of 1.18.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Apartment Investment and Management from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

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.

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