Meros Investment Management LP Sells 34,510 Shares of Apartment Investment and Management (NYSE:AIV)

Meros Investment Management LP lessened its position in Apartment Investment and Management (NYSE:AIV - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 653,307 shares of the real estate investment trust's stock after selling 34,510 shares during the quarter. Apartment Investment and Management comprises about 2.7% of Meros Investment Management LP's investment portfolio, making the stock its 15th biggest position. Meros Investment Management LP owned about 0.46% of Apartment Investment and Management worth $5,939,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in Apartment Investment and Management by 14.0% during the 4th quarter. Millennium Management LLC now owns 7,145,287 shares of the real estate investment trust's stock valued at $64,951,000 after purchasing an additional 877,954 shares during the last quarter. Land & Buildings Investment Management LLC increased its stake in Apartment Investment and Management by 77.2% in the fourth 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 purchasing an additional 1,338,921 shares in the last quarter. Irenic Capital Management LP increased its position in shares of Apartment Investment and Management by 0.5% during the fourth quarter. Irenic Capital Management LP now owns 3,812,595 shares of the real estate investment trust's stock worth $34,656,000 after acquiring an additional 19,577 shares in the last quarter. Corton Capital Inc. increased its position in shares of Apartment Investment and Management by 6.6% during the fourth quarter. Corton Capital Inc. now owns 18,140 shares of the real estate investment trust's stock worth $165,000 after acquiring an additional 1,131 shares in the last quarter. Finally, Crestline Management LP bought a new position in Apartment Investment and Management in the fourth quarter valued at $5,775,000. Institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Trading Up 2.4%

AIV opened at $8.06 on Tuesday. Apartment Investment and Management has a fifty-two week low of $6.89 and a fifty-two week high of $9.49. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -4.66 and a beta of 1.38. The company's 50 day moving average price is $8.18 and its two-hundred day moving average price is $8.57.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.02. The firm had revenue of $52.35 million during 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%. As a group, research analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note on Monday.

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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