GSA Capital Partners LLP Invests $252,000 in Apartment Investment and Management (NYSE:AIV)

GSA Capital Partners LLP acquired a new stake in shares of Apartment Investment and Management (NYSE:AIV) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 27,927 shares of the real estate investment trust’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Apartment Investment and Management by 34.8% in 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 purchasing an additional 1,305 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Apartment Investment and Management by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 72,999 shares of the real estate investment trust’s stock worth $605,000 after purchasing an additional 1,541 shares in the last quarter. ProShare Advisors LLC grew its stake in Apartment Investment and Management by 7.0% during the 1st quarter. ProShare Advisors LLC now owns 25,924 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 1,700 shares in the last quarter. Van ECK Associates Corp grew its stake in Apartment Investment and Management by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 24,446 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 2,683 shares in the last quarter. Finally, abrdn plc boosted its holdings in Apartment Investment and Management by 10.5% in the 3rd quarter. abrdn plc now owns 28,757 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 2,744 shares during the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Stock Performance

NYSE:AIV opened at $8.84 on Friday. The company’s 50-day moving average is $8.78 and its two-hundred day moving average is $8.61. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. Apartment Investment and Management has a 1-year low of $6.74 and a 1-year high of $9.48. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -5.11 and a beta of 1.39.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business 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%. Analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current year.

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.