Activist investor Jonathan Litt has built a new position in Apartment Investment & Management Co. and has met with management to discuss ways to improve value for shareholders, including exploring a sale of the real estate investment trust, according to people familiar with the matter. Litt's Land & Buildings Investment Management owns a stake of just under 5% in Apartment Investment and Management Company (NYSE:AIV), and believes there is a large pool of potential buyers for the company, the people said, asking not to be identified because the discussions are private. Land & Buildings agrees with the company's assessment that its assets are worth at least $12 a share, they added, a 30% premium to where they closed August 11, 2022.
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5-day change | 1st Jan Change | ||
7.76 USD | 0.00% | -5.71% | -0.89% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
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-0.89% | 1.12B | |
-2.78% | 25.85B | |
-0.28% | 23.11B | |
-2.08% | 20.46B | |
-5.63% | 15.02B | |
-11.74% | 14.7B | |
-7.32% | 14.55B | |
-2.59% | 12.83B | |
-6.56% | 11.78B | |
-11.64% | 11.62B |
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