Western Standard LLC Grows Stock Position in Apartment Investment and Management (NYSE:AIV)

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

Other large investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Apartment Investment and Management in the fourth quarter valued at about $55,000. Point72 Asset Management L.P. acquired a new stake in shares of Apartment Investment and Management in the fourth quarter valued at about $77,000. Xponance Inc. acquired a new stake in shares of Apartment Investment and Management in the fourth quarter valued at about $93,000. Cerity Partners LLC acquired a new stake in shares of Apartment Investment and Management in the fourth quarter valued at about $94,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Apartment Investment and Management in the fourth quarter valued at about $118,000. Institutional investors and hedge funds own 83.26% of the company's stock.

Apartment Investment and Management Stock Down 0.4%

NYSE AIV traded down $0.03 during mid-day trading on Friday, reaching $7.81. 809,199 shares of the company's stock traded hands, compared to its average volume of 956,378. Apartment Investment and Management has a 1-year low of $6.89 and a 1-year high of $9.49. The company has a fifty day simple moving average of $8.05 and a 200-day simple moving average of $8.54. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -4.51 and a beta of 1.38.

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 return on equity of 68.04% and a negative net margin of 119.76%. The firm had revenue of $52.35 million during the quarter, compared to analyst estimates of $53.64 million. As a group, equities research analysts expect that Apartment Investment and Management will post -0.8 EPS for the current year.

Analyst Upgrades and Downgrades

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 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.