Union Square Park Capital Management LLC Purchases 65,000 Shares of Apartment Investment and Management (NYSE:AIV)

Union Square Park Capital Management LLC grew its position in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 27.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 300,000 shares of the real estate investment trust's stock after buying an additional 65,000 shares during the period. Apartment Investment and Management accounts for 1.8% of Union Square Park Capital Management LLC's investment portfolio, making the stock its 18th largest position. Union Square Park Capital Management LLC owned about 0.21% of Apartment Investment and Management worth $2,727,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AIV. Corton Capital Inc. boosted its holdings in shares of Apartment Investment and Management by 6.6% in the 4th quarter. Corton Capital Inc. now owns 18,140 shares of the real estate investment trust's stock worth $165,000 after purchasing an additional 1,131 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Apartment Investment and Management by 0.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 161,046 shares of the real estate investment trust's stock worth $1,462,000 after buying an additional 1,496 shares during the period. Metis Global Partners LLC lifted its holdings in Apartment Investment and Management by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust's stock worth $136,000 after buying an additional 1,526 shares during the period. Van ECK Associates Corp lifted its stake in shares of Apartment Investment and Management by 7.8% in the 4th quarter. Van ECK Associates Corp now owns 26,347 shares of the real estate investment trust's stock valued at $239,000 after purchasing an additional 1,901 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Apartment Investment and Management by 1.1% in the 4th quarter. Rhumbline Advisers now owns 240,900 shares of the real estate investment trust's stock valued at $2,190,000 after purchasing an additional 2,659 shares during the period. Hedge funds and other institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Stock Down 0.4%

Shares of AIV stock traded down $0.03 during mid-day trading on Friday, hitting $7.81. The company's stock had a trading volume of 809,199 shares, compared to its average volume of 956,378. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35. Apartment Investment and Management has a 52-week low of $6.89 and a 52-week high of $9.49. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -4.51 and a beta of 1.38. The business has a 50-day moving average price of $8.05 and a 200 day moving average price of $8.54.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The business had revenue of $52.35 million for the quarter, compared to the consensus estimate 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%. Research analysts predict that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Apartment Investment and Management from a "sell" rating to a "hold" rating in a research note on Thursday.

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.