Natixis Advisors LLC Acquires Shares of 86,462 Apartment Investment and Management Company (NYSE:AIV)

Natixis Advisors LLC bought a new stake in Apartment Investment and Management Company (NYSE:AIV - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 86,462 shares of the real estate investment trust's stock, valued at approximately $761,000. Natixis Advisors LLC owned about 0.06% of Apartment Investment and Management at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in shares of Apartment Investment and Management during the first quarter worth about $414,000. Land & Buildings Investment Management LLC lifted its stake in shares of 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 purchasing an additional 1,338,921 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Apartment Investment and Management during the fourth quarter worth about $1,811,000. Arizona State Retirement System lifted its stake in shares of Apartment Investment and Management by 4.1% during the first quarter. Arizona State Retirement System now owns 38,495 shares of the real estate investment trust's stock worth $339,000 after purchasing an additional 1,507 shares in the last quarter. Finally, American Century Companies Inc. acquired a new position in shares of Apartment Investment and Management during the fourth quarter worth about $318,000. Institutional investors and hedge funds own 83.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on AIV shares. Wall Street Zen cut Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Wolfe Research upgraded 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 research note on Monday, August 4th.

Apartment Investment and Management Stock Up 0.6%

Shares of NYSE AIV traded up $0.05 during midday trading on Friday, reaching $7.85. 374,597 shares of the company's stock were exchanged, compared to its average volume of 1,089,870. Apartment Investment and Management Company has a 52-week low of $6.89 and a 52-week high of $9.48. The stock has a market capitalization of $1.12 billion, a PE ratio of -16.36 and a beta of 1.39. The company has a debt-to-equity ratio of 8.06, a quick ratio of 1.34 and a current ratio of 1.25. The business's fifty day moving average price is $8.50 and its two-hundred day moving average price is $8.42.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share (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 business had revenue of $52.76 million for the quarter, compared to analysts' expectations of $54.62 million. During the same period in the previous year, the firm posted ($0.43) earnings per share. Analysts forecast that Apartment Investment and Management Company will post -0.8 EPS 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.