Rhumbline Advisers Has $2.05 Million Stock Position in Apartment Investment and Management (NYSE:AIV)

Rhumbline Advisers reduced its position in Apartment Investment and Management (NYSE:AIV) by 7.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 247,639 shares of the real estate investment trust’s stock after selling 18,519 shares during the period. Rhumbline Advisers owned about 0.17% of Apartment Investment and Management worth $2,053,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in Apartment Investment and Management by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 638,901 shares of the real estate investment trust’s stock valued at $5,296,000 after purchasing an additional 31,052 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Apartment Investment and Management by 2.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 151,769 shares of the real estate investment trust’s stock valued at $1,258,000 after purchasing an additional 3,916 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Apartment Investment and Management by 37.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,421 shares of the real estate investment trust’s stock valued at $377,000 after purchasing an additional 12,279 shares during the last quarter. SG Americas Securities LLC lifted its stake in Apartment Investment and Management by 796.4% in the 2nd quarter. SG Americas Securities LLC now owns 139,308 shares of the real estate investment trust’s stock valued at $1,155,000 after purchasing an additional 123,767 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Apartment Investment and Management in the 1st quarter valued at about $38,000. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Trading Up 0.3 %

Shares of AIV stock opened at $9.29 on Friday. The firm has a 50 day moving average price of $8.94 and a two-hundred day moving average price of $8.34. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 3.81. The company has a market capitalization of $1.35 billion, a PE ratio of -7.87 and a beta of 1.38. Apartment Investment and Management has a 12-month low of $5.63 and a 12-month high of $9.48.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.33). The company had revenue of $51.15 million for the quarter, compared to analyst estimates of $50.84 million. Apartment Investment and Management had a negative return on equity of 51.94% and a negative net margin of 113.14%.

About Apartment Investment and Management

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco’s mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.