Bleakley Financial Group LLC Acquires 105,808 Shares of Apartment Investment and Management Company (NYSE:AIV)

Bleakley Financial Group LLC grew its holdings in shares of Apartment Investment and Management Company (NYSE:AIV - Free Report) by 73.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,661 shares of the real estate investment trust's stock after acquiring an additional 105,808 shares during the period. Bleakley Financial Group LLC owned about 0.18% of Apartment Investment and Management worth $2,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Millennium Management LLC increased its holdings in Apartment Investment and Management by 14.0% during the fourth quarter. Millennium Management LLC now owns 7,145,287 shares of the real estate investment trust's stock valued at $64,951,000 after buying an additional 877,954 shares during the period. Rush Island Management LP increased its holdings in Apartment Investment and Management by 156.7% in the fourth quarter. Rush Island Management LP now owns 4,543,774 shares of the real estate investment trust's stock valued at $41,303,000 after buying an additional 2,773,984 shares in the last quarter. Irenic Capital Management LP increased its stake in shares of Apartment Investment and Management by 0.5% during the fourth quarter. Irenic Capital Management LP now owns 3,812,595 shares of the real estate investment trust's stock worth $34,656,000 after purchasing an additional 19,577 shares in the last quarter. Land & Buildings Investment Management LLC boosted its position in Apartment Investment and Management by 77.2% during the fourth quarter. Land & Buildings Investment Management LLC now owns 3,074,160 shares of the real estate investment trust's stock worth $27,944,000 after acquiring an additional 1,338,921 shares during the last quarter. Finally, Argosy Lionbridge Management LLC acquired a new position in Apartment Investment and Management during the fourth quarter worth about $21,226,000. Institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Trading Down 0.3%

Shares of NYSE AIV traded down $0.03 during midday trading on Thursday, reaching $8.72. 161,914 shares of the stock were exchanged, compared to its average volume of 947,486. Apartment Investment and Management Company has a 52-week low of $6.89 and a 52-week high of $9.49. The stock has a 50 day moving average price of $8.34 and a 200-day moving average price of $8.49. The company has a market capitalization of $1.24 billion, a P/E ratio of -11.32 and a beta of 1.38. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 6.94.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, beating 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%. Equities research analysts expect that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a report on Friday, May 30th.

Apartment Investment and Management 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.