Western Standard LLC Has $5.90 Million Stock Position in Apartment Investment and Management (NYSE:AIV)

Western Standard LLC boosted its stake in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 31.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 649,086 shares of the real estate investment trust's stock after purchasing an additional 155,460 shares during the quarter. Apartment Investment and Management comprises 3.9% of Western Standard LLC's holdings, making the stock its 10th largest holding. Western Standard LLC owned 0.46% of Apartment Investment and Management worth $5,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AIV. Land & Buildings Investment Management LLC boosted its holdings in shares of Apartment Investment and Management by 77.2% in 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 buying an additional 1,338,921 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Apartment Investment and Management by 101.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 81,869 shares of the real estate investment trust's stock valued at $744,000 after acquiring an additional 41,293 shares in the last quarter. Norges Bank purchased a new position in Apartment Investment and Management in the fourth quarter worth $5,691,000. Barclays PLC increased its position in shares of Apartment Investment and Management by 40.7% during the third quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust's stock worth $5,948,000 after purchasing an additional 190,440 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Apartment Investment and Management during the 4th quarter valued at $1,811,000. Hedge funds and other institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Stock Performance

Shares of Apartment Investment and Management stock opened at $8.30 on Tuesday. The company has a 50 day moving average price of $8.11 and a 200 day moving average price of $8.55. The firm has a market capitalization of $1.18 billion, a P/E ratio of -4.80 and a beta of 1.38. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. 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 issued its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share (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 analyst estimates of $53.64 million. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. Sell-side analysts expect that Apartment Investment and Management will post -0.8 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note on Monday, May 12th.

About Apartment Investment and Management

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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