Sequoia Financial Advisors LLC purchased a new position in Apartment Investment and Management Company (NYSE:AIV - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 47,071 shares of the real estate investment trust's stock, valued at approximately $414,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Land & Buildings Investment Management LLC grew its holdings in Apartment Investment and Management by 77.2% in the 4th quarter. Land & Buildings Investment Management LLC now owns 3,074,160 shares of the real estate investment trust's stock valued at $27,944,000 after buying an additional 1,338,921 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Apartment Investment and Management during the fourth quarter worth $1,811,000. Norges Bank acquired a new position in Apartment Investment and Management during the 4th quarter valued at $5,691,000. American Century Companies Inc. acquired a new position in Apartment Investment and Management during the 4th quarter valued at $318,000. Finally, Saybrook Capital NC bought a new stake in Apartment Investment and Management in the 4th quarter valued at $1,413,000. Institutional investors and hedge funds own 83.26% of the company's stock.
Apartment Investment and Management Stock Performance
Shares of AIV traded up $0.04 during trading hours on Friday, reaching $8.81. 493,862 shares of the company traded hands, compared to its average volume of 951,665. The stock's fifty day moving average is $8.24 and its 200 day moving average is $8.47. The stock has a market cap of $1.25 billion, a P/E ratio of -11.44 and a beta of 1.38. The company has a debt-to-equity ratio of 6.94, a quick ratio of 1.34 and a current ratio of 1.34. Apartment Investment and Management Company has a 1-year low of $6.89 and a 1-year high of $9.49.
Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The firm had revenue of $52.35 million during the quarter, compared to analysts' expectations of $53.64 million. Apartment Investment and Management had a negative return on equity of 45.41% and a negative net margin of 50.37%. Equities research analysts anticipate that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a research report on Friday, May 30th.
Get Our Latest Analysis on AIV
About Apartment Investment and Management
(
Free Report)
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.
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