DigitalBridge Group Inc. Cuts Stock Holdings in Apartment Investment and Management (NYSE:AIV)

DigitalBridge Group Inc. decreased its holdings in Apartment Investment and Management (NYSE:AIV - Free Report) by 30.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,215,953 shares of the real estate investment trust's stock after selling 539,892 shares during the quarter. DigitalBridge Group Inc. owned 0.86% of Apartment Investment and Management worth $11,053,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Millennium Management LLC grew 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 purchasing an additional 877,954 shares during the period. Rush Island Management LP lifted its position in shares of Apartment Investment and Management by 156.7% during the 4th 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 grew its stake in shares of Apartment Investment and Management by 0.5% during the 4th quarter. Irenic Capital Management LP now owns 3,812,595 shares of the real estate investment trust's stock valued at $34,656,000 after acquiring an additional 19,577 shares during the period. Land & Buildings Investment Management LLC grew its stake in shares of Apartment Investment and Management by 77.2% during 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 acquiring an additional 1,338,921 shares during the period. Finally, Argosy Lionbridge Management LLC purchased a new stake in Apartment Investment and Management in the 4th quarter worth approximately $21,226,000. 83.26% of the stock is currently owned by institutional investors.

Apartment Investment and Management Price Performance

Shares of AIV traded up $0.04 during trading hours on Thursday, reaching $7.97. 90,114 shares of the stock traded hands, compared to its average volume of 951,636. The company has a market cap of $1.13 billion, a P/E ratio of -4.60 and a beta of 1.38. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28. The company's 50-day moving average price is $8.00 and its two-hundred day moving average price is $8.52. Apartment Investment and Management has a 52-week low of $6.89 and a 52-week high of $9.49.

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) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. The business had revenue of $52.35 million for the quarter, compared to analysts' expectations of $53.64 million. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. On average, analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Apartment Investment and Management from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

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.