Meros Investment Management LP Reduces Stock Position in Apartment Investment and Management Company (NYSE:AIV)

Key Points

• Meros Investment Management LP reduced its stake in Apartment Investment and Management Company (NYSE:AIV) by 19.6%, now holding 525,416 shares valued at approximately $4.62 million.
• Despite this reduction, other institutional investors, including Wells Fargo and Renaissance Technologies, have increased their holdings, indicating ongoing interest in AIV.
• Apartment Investment and Management reported a loss of ($0.14) EPS, missing analysts' estimates, with anticipated earnings of -0.8 EPS for the current year.

Meros Investment Management LP lessened its stake in shares of Apartment Investment and Management Company (NYSE:AIV - Free Report) by 19.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 525,416 shares of the real estate investment trust's stock after selling 127,891 shares during the quarter. Apartment Investment and Management comprises about 2.7% of Meros Investment Management LP's investment portfolio, making the stock its 15th biggest holding. Meros Investment Management LP owned 0.37% of Apartment Investment and Management worth $4,624,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in shares of Apartment Investment and Management by 33.1% in the fourth quarter. Wells Fargo & Company MN now owns 73,942 shares of the real estate investment trust's stock worth $672,000 after buying an additional 18,399 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Apartment Investment and Management in the fourth quarter worth approximately $94,000. Renaissance Technologies LLC boosted its holdings in shares of Apartment Investment and Management by 98.6% in the fourth quarter. Renaissance Technologies LLC now owns 321,440 shares of the real estate investment trust's stock worth $2,922,000 after buying an additional 159,600 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Apartment Investment and Management in the fourth quarter worth approximately $220,000. Finally, Marshall Wace LLP purchased a new position in shares of Apartment Investment and Management in the fourth quarter worth approximately $684,000. Hedge funds and other institutional investors own 83.26% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wolfe Research raised shares of Apartment Investment and Management from a "peer perform" rating to an "outperform" rating and set a $10.00 price objective on the stock in a report on Monday, August 4th. Wall Street Zen cut shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note on Friday, May 30th.

Apartment Investment and Management Price Performance

NYSE AIV opened at $7.89 on Friday. Apartment Investment and Management Company has a 12 month low of $6.89 and a 12 month high of $9.48. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -16.44 and a beta of 1.39. The company's 50 day moving average is $8.49 and its two-hundred day moving average is $8.41. The company has a current ratio of 1.25, a quick ratio of 1.34 and a debt-to-equity ratio of 8.06.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03). Apartment Investment and Management had a negative return on equity of 34.47% and a negative net margin of 30.59%. The firm had revenue of $52.76 million for the quarter, compared to the consensus estimate of $54.62 million. During the same quarter in the previous year, the business posted ($0.43) EPS. As a group, research analysts anticipate that Apartment Investment and Management Company will post -0.8 earnings per share for the current 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.

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