Van ECK Associates Corp Increases Position in Apartment Investment and Management (NYSE:AIV)

Van ECK Associates Corp lifted its position in Apartment Investment and Management (NYSE:AIV) by 12.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,446 shares of the real estate investment trust’s stock after buying an additional 2,683 shares during the period. Van ECK Associates Corp’s holdings in Apartment Investment and Management were worth $211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. abrdn plc lifted its stake in shares of Apartment Investment and Management by 10.5% during the 3rd quarter. abrdn plc now owns 28,757 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 2,744 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Apartment Investment and Management by 357.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 207,939 shares of the real estate investment trust’s stock valued at $1,880,000 after purchasing an additional 162,518 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Apartment Investment and Management by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,305 shares during the period. Inspire Investing LLC purchased a new stake in Apartment Investment and Management in the 3rd quarter worth about $411,000. Finally, Handelsbanken Fonder AB lifted its stake in shares of Apartment Investment and Management by 33.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 54,948 shares of the real estate investment trust’s stock worth $497,000 after acquiring an additional 13,900 shares during the last quarter. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

AIV opened at $8.61 on Thursday. Apartment Investment and Management has a 52-week low of $6.43 and a 52-week high of $9.48. The stock has a market cap of $1.22 billion, a P/E ratio of -4.98 and a beta of 1.39. The business has a fifty day moving average of $8.81 and a 200 day moving average of $8.58. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The company had revenue of $53.16 million for the quarter. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. As a group, sell-side analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current year.

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.