Perpetual Ltd Takes Position in Apartment Investment and Management Company (NYSE:AIV)

Perpetual Ltd purchased a new stake in shares of 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 and Exchange Commission (SEC). The fund purchased 39,710 shares of the real estate investment trust's stock, valued at approximately $349,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AIV. Rhumbline Advisers boosted its holdings in shares of Apartment Investment and Management by 1.1% during the fourth quarter. Rhumbline Advisers now owns 240,900 shares of the real estate investment trust's stock valued at $2,190,000 after acquiring an additional 2,659 shares during the period. Metis Global Partners LLC raised its stake in shares of Apartment Investment and Management by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust's stock valued at $136,000 after purchasing an additional 1,526 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Apartment Investment and Management by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,851,566 shares of the real estate investment trust's stock valued at $16,831,000 after purchasing an additional 8,713 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Apartment Investment and Management by 43.5% during the fourth quarter. AlphaQuest LLC now owns 62,777 shares of the real estate investment trust's stock valued at $571,000 after purchasing an additional 19,028 shares in the last quarter. Finally, Saybrook Capital NC bought a new stake in shares of Apartment Investment and Management during the fourth quarter valued at about $1,413,000. Institutional investors and hedge funds own 83.26% of the company's stock.

Apartment Investment and Management Price Performance

Shares of NYSE AIV opened at $8.70 on Friday. Apartment Investment and Management Company has a fifty-two week low of $6.89 and a fifty-two week high of $9.49. The firm's 50-day simple moving average is $8.13 and its 200 day simple moving average is $8.46. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 6.94. The stock has a market cap of $1.23 billion, a P/E ratio of -11.29 and a beta of 1.37.

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, beating analysts' consensus estimates of ($0.12) by $0.02. Apartment Investment and Management had a negative net margin of 50.37% and a negative return on equity of 45.41%. The business had revenue of $52.35 million for the quarter, compared to analysts' expectations of $53.64 million. Equities analysts expect that Apartment Investment and Management Company will post -0.8 EPS for the current year.

Analyst Ratings Changes

Separately, 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 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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