Apartment Investment and Management (NYSE:AIV) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in Apartment Investment and Management (NYSE:AIV) by 1.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,689,715 shares of the real estate investment trust’s stock after selling 208,373 shares during the period. Vanguard Group Inc. owned 0.14% of Apartment Investment and Management worth $154,170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Irenic Capital Management LP lifted its position in Apartment Investment and Management by 502.3% during the fourth quarter. Irenic Capital Management LP now owns 2,780,939 shares of the real estate investment trust’s stock worth $21,775,000 after buying an additional 2,319,208 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Apartment Investment and Management by 1,620.4% in the 3rd quarter. GSA Capital Partners LLP now owns 174,070 shares of the real estate investment trust’s stock worth $1,184,000 after acquiring an additional 163,952 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Apartment Investment and Management during the 4th quarter worth $860,000. Graham Capital Management L.P. acquired a new position in shares of Apartment Investment and Management during the 3rd quarter valued at about $738,000. Finally, HGI Capital Management LLC purchased a new stake in shares of Apartment Investment and Management in the fourth quarter valued at about $629,000. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Price Performance

Shares of AIV stock opened at $8.28 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $1.20 billion, a PE ratio of -7.02 and a beta of 1.37. The firm’s 50-day moving average is $8.11 and its two-hundred day moving average is $7.87. Apartment Investment and Management has a 12 month low of $5.63 and a 12 month high of $8.93.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The business had revenue of $50.20 million during the quarter, compared to the consensus estimate of $49.85 million. Apartment Investment and Management had a negative net margin of 86.84% and a negative return on equity of 33.35%.

Apartment Investment and Management Profile

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.