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 | ||
7.91 USD | -1.12% | -1.62% | +1.02% |
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+1.02% | 1.15B | |
+0.38% | 26.69B | |
+4.71% | 24.27B | |
-0.09% | 20.87B | |
-1.00% | 15.76B | |
-2.86% | 15.25B | |
-15.62% | 14.06B | |
-0.08% | 13.16B | |
-2.09% | 12.35B | |
-0.75% | 10.73B |
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