Mirae Asset Global Investments Co. Ltd. Decreases Stock Holdings in Apartment Investment and Management (NYSE:AIV)

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of Apartment Investment and Management (NYSE:AIV) by 29.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,557 shares of the real estate investment trust’s stock after selling 1,502 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Apartment Investment and Management were worth $30,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Landscape Capital Management L.L.C. acquired a new position in Apartment Investment and Management during the 3rd quarter valued at about $105,000. Metis Global Partners LLC increased its holdings in shares of Apartment Investment and Management by 27.4% in the third quarter. Metis Global Partners LLC now owns 13,419 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 2,882 shares during the period. FMR LLC increased its holdings in shares of Apartment Investment and Management by 39.8% in the third quarter. FMR LLC now owns 15,438 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 4,399 shares during the period. Aigen Investment Management LP acquired a new position in shares of Apartment Investment and Management in the third quarter valued at about $209,000. Finally, Van ECK Associates Corp increased its holdings in shares of Apartment Investment and Management by 12.3% in the third quarter. Van ECK Associates Corp now owns 24,446 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 2,683 shares during the period. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Investment and Management Stock Down 0.5 %

Shares of AIV opened at $8.87 on Friday. Apartment Investment and Management has a 52 week low of $7.06 and a 52 week high of $9.48. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -5.12 and a beta of 1.38. The stock’s 50-day moving average price is $8.78 and its 200-day moving average price is $8.81.

Apartment Investment and Management Announces Dividend

The company also recently announced a special dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, January 14th.

Apartment Investment and Management Profile

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 in 1975 and is headquartered in Denver, CO.