Mutual of America Capital Management LLC Has $2.85 Million Stock Holdings in Apartment Investment and Management (NYSE:AIV)

Mutual of America Capital Management LLC reduced its stake in Apartment Investment and Management (NYSE:AIV) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 314,670 shares of the real estate investment trust’s stock after selling 8,550 shares during the period. Mutual of America Capital Management LLC’s holdings in Apartment Investment and Management were worth $2,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in Apartment Investment and Management in the 1st quarter valued at about $38,000. Quarry LP bought a new stake in shares of Apartment Investment and Management during the second quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Apartment Investment and Management in the second quarter valued at approximately $45,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 purchasing an additional 1,305 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Apartment Investment and Management during the 2nd quarter worth approximately $104,000. 83.26% of the stock is owned by institutional investors.

Apartment Investment and Management Stock Performance

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

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) 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%. On average, equities analysts forecast 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.