Fintel reports that Beard Joseph G has filed a 13D\/A form with the SEC disclosing ownership of 7,857,295 shares of Apartment Investment and Management Co (AIV). This represents 5.18% of the company.<\/p>\n
In their previous filing dated August 10, 2022, they reported 7,732,295 shares and 5.08% of the company, an increase in shares of 1.62% and an increase in total ownership of 0.10%<\/strong> (calculated as current – previous percent ownership).<\/p>\n Beard co-founded Westdale Real Estate Investment and Management, based in Dallas.<\/p>\n Westdale and its 1,000 employees operate from five regional offices located in Houston, Austin, San Antonio, Atlanta and Charlotte and the company\u00a0controls a more than $6 billion capital base.<\/p>\n Beard reiterated his earlier 13D filings for the company, saying he intends”\u00a0to continue to evaluate the company’s business, prospects and financial condition, and\u00a0other further developments. As a part of such evaluation, one or more of the Reporting Persons may participate in meetings or discussions with AIV’s management, other shareholders and other persons.”<\/p>\n Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and other value-creating investment strategies, targeting the US multifamily market. Aimco is traded on the New York Stock Exchange as AIV.<\/p>\n What are other large shareholders doing?<\/strong><\/p>\n \u00a0<\/p>\n Price T Rowe Associates Inc \/md\/ holds 17,408,514 shares representing 11.45% ownership. In its prior filing, the firm reported owning 19,420,797 shares, representing a decrease<\/strong> of 11.56%. The firm decreased<\/strong> its portfolio allocation in AIV by 40.91% over the last quarter.<\/p>\n Long Pond Capital, LP holds 10,759,559 shares representing 7.08% ownership. No change in the last quarter.<\/p>\n Sessa Capital IM, LP holds 9,932,043 shares representing 6.53% ownership of the company. No change in the last quarter.<\/p>\n Land & Buildings Investment Management, LLC holds 7,341,214 shares representing 4.83% ownership. In its prior filing, the firm reported owning 7,062,276 shares, representing an increase<\/strong> of 3.80%. The firm increased<\/strong> its portfolio allocation in AIV by 14.24% over the last quarter.<\/p>\n Goldman Sachs Group Inc holds 4,851,995 shares representing 3.19% ownership. In its prior filing, the firm reported owning 11,540,204 shares, representing a decrease<\/strong> of 137.84%. The firm decreased<\/strong> its portfolio allocation in AIV by 85.27% over the last quarter.<\/p>\n What is the overall Fund Sentiment?<\/strong><\/p>\n There are 374 funds or institutions reporting positions in Apartment Investment and Management Co. This is an increase of 20 owner(s) or 5.65%.<\/p>\n Average portfolio weight of all funds<\/strong> dedicated to Apartment Investment and Management Co is 0.1303%, a decrease of 14.6495%. Total shares owned by institutions increased in the last three months by 2.85% to 144,302,742 shares.<\/p>\n