Sequoia Financial Advisors LLC purchased a new position in Apartment Investment and Management Company (NYSE:AIV - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 47,071 shares of the real estate investment trust's stock, valued at approximately $414,000.
Several other hedge funds have also recently added to or reduced their stakes in the business. Saybrook Capital NC raised its position in Apartment Investment and Management by 2.6% in the first quarter. Saybrook Capital NC now owns 159,500 shares of the real estate investment trust's stock worth $1,404,000 after purchasing an additional 4,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Apartment Investment and Management by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 216,792 shares of the real estate investment trust's stock worth $1,908,000 after purchasing an additional 4,088 shares in the last quarter. GAMMA Investing LLC raised its position in Apartment Investment and Management by 980.0% in the first quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust's stock worth $80,000 after purchasing an additional 8,281 shares in the last quarter. Union Square Park Capital Management LLC raised its position in Apartment Investment and Management by 27.7% in the fourth quarter. Union Square Park Capital Management LLC now owns 300,000 shares of the real estate investment trust's stock worth $2,727,000 after purchasing an additional 65,000 shares in the last quarter. Finally, Western Standard LLC raised its position in Apartment Investment and Management by 31.5% in the fourth quarter. Western Standard LLC now owns 649,086 shares of the real estate investment trust's stock worth $5,900,000 after purchasing an additional 155,460 shares in the last quarter. Institutional investors and hedge funds own 83.26% of the company's stock.
Apartment Investment and Management Price Performance
Shares of Apartment Investment and Management stock opened at $8.77 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 6.94. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -11.39 and a beta of 1.38. Apartment Investment and Management Company has a 1-year low of $6.89 and a 1-year high of $9.49. The firm's 50-day moving average price is $8.19 and its two-hundred day moving average price is $8.46.
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) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.02. The firm had revenue of $52.35 million for the quarter, compared to analysts' expectations of $53.64 million. Apartment Investment and Management had a negative net margin of 50.37% and a negative return on equity of 45.41%. On average, equities analysts predict 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.
Read Our Latest Analysis on Apartment Investment and Management
Apartment Investment and Management Company Profile
(
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.
Further Reading
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