Nisa Investment Advisors LLC Grows Position in Apartment Investment and Management (NYSE:AIV)

Nisa Investment Advisors LLC raised its position in Apartment Investment and Management (NYSE:AIV) by 101.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,869 shares of the real estate investment trust’s stock after acquiring an additional 41,293 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Apartment Investment and Management were worth $744,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AIV. Quarry LP acquired a new stake in shares of Apartment Investment and Management during the second quarter worth about $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. raised 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 last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Apartment Investment and Management during the third quarter worth $105,000. Finally, Algert Global LLC purchased a new position in Apartment Investment and Management in the 2nd quarter valued at $109,000. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

Shares of NYSE:AIV opened at $9.06 on Wednesday. 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 has a 52 week low of $7.06 and a 52 week high of $9.48. The company has a market cap of $1.28 billion, a P/E ratio of -5.23 and a beta of 1.38. The company has a 50-day moving average price of $8.75 and a 200 day moving average price of $8.82.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results 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). Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The firm had revenue of $53.16 million during the quarter. Research analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Apartment Investment and Management Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, January 14th.

About Apartment Investment and Management

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.