Crestline Management LP Buys Shares of 635,367 Apartment Investment and Management (NYSE:AIV)

Crestline Management LP acquired a new stake in Apartment Investment and Management (NYSE:AIV - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 635,367 shares of the real estate investment trust's stock, valued at approximately $5,775,000. Crestline Management LP owned 0.45% of Apartment Investment and Management at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AIV. Barclays PLC raised its stake in Apartment Investment and Management by 40.7% during the third quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust's stock worth $5,948,000 after acquiring an additional 190,440 shares in the last quarter. Tidal Investments LLC increased its position in shares of Apartment Investment and Management by 180.7% during the 3rd quarter. Tidal Investments LLC now owns 40,601 shares of the real estate investment trust's stock worth $367,000 after purchasing an additional 26,136 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Apartment Investment and Management by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 719,531 shares of the real estate investment trust's stock valued at $6,505,000 after purchasing an additional 63,888 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Apartment Investment and Management by 101.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 81,869 shares of the real estate investment trust's stock valued at $744,000 after buying an additional 41,293 shares in the last quarter. Finally, abrdn plc boosted its position in Apartment Investment and Management by 30.6% in the fourth quarter. abrdn plc now owns 37,561 shares of the real estate investment trust's stock valued at $315,000 after buying an additional 8,804 shares in the last quarter. Institutional investors own 83.26% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Apartment Investment and Management from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th.

Apartment Investment and Management Price Performance

Apartment Investment and Management stock traded down $0.13 on Friday, reaching $7.86. The company's stock had a trading volume of 936,628 shares, compared to its average volume of 959,000. The business's fifty day moving average price is $8.20 and its 200 day moving average price is $8.57. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -4.54 and a beta of 1.38. Apartment Investment and Management has a twelve month low of $6.89 and a twelve month high of $9.49.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. The firm had revenue of $52.35 million for the quarter, compared to analyst estimates of $53.64 million. Equities analysts expect that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Company Profile

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.