Apartment Investment and Management Stock Analysis and Institutional Investor Activity

Apartment Investment and Management (NYSE:AIV) saw its stock pass above its 200-day moving average during trading on Wednesday, sparking interest among investors. The stock reached a high of $8.53 before settling at $8.27, with a trading volume of 391,243 shares.

Despite this positive movement, Apartment Investment and Management’s stock was down 2.2%. The company has a debt-to-equity ratio of 2.92 and a market capitalization of $1.20 billion. Its recent quarterly earnings report showed a beat on EPS, with revenue coming in at $50.20 million.

Institutional investors have also been active in the company, with Lazard Asset Management LLC, MQS Management LLC, and CANADA LIFE ASSURANCE Co all acquiring stakes in Apartment Investment and Management. Overall, hedge funds and institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management, also known as Aimco, is a diversified real estate company focused on value-add and opportunistic investments in the U.S. multifamily sector. The company aims to create substantial value for investors, teammates, and the communities in which it operates.

For more news and updates on Apartment Investment and Management, subscribe to MarketBeat.com’s daily email newsletter.