Rush Island Management LP Grows Position in Apartment Investment and Management (NYSE:AIV)

Rush Island Management LP increased its position in Apartment Investment and Management (NYSE:AIV - Free Report) by 156.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,543,774 shares of the real estate investment trust's stock after purchasing an additional 2,773,984 shares during the quarter. Apartment Investment and Management makes up 2.7% of Rush Island Management LP's holdings, making the stock its 12th largest position. Rush Island Management LP owned about 3.22% of Apartment Investment and Management worth $41,303,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in shares of Apartment Investment and Management in the fourth quarter valued at approximately $77,000. ProShare Advisors LLC lifted its stake in Apartment Investment and Management by 45.7% during the fourth quarter. ProShare Advisors LLC now owns 39,177 shares of the real estate investment trust's stock worth $356,000 after purchasing an additional 12,296 shares during the last quarter. Millennium Management LLC boosted its stake in Apartment Investment and Management by 14.0% in the fourth quarter. Millennium Management LLC now owns 7,145,287 shares of the real estate investment trust's stock valued at $64,951,000 after buying an additional 877,954 shares in the last quarter. Land & Buildings Investment Management LLC grew its holdings in shares of Apartment Investment and Management by 77.2% during 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 purchasing an additional 1,338,921 shares during the last quarter. Finally, Irenic Capital Management LP lifted its stake in shares of Apartment Investment and Management by 0.5% in the 4th quarter. Irenic Capital Management LP now owns 3,812,595 shares of the real estate investment trust's stock valued at $34,656,000 after acquiring an additional 19,577 shares during the last quarter. 83.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a report on Monday, May 12th.

Apartment Investment and Management Trading Down 2.3%

Shares of AIV traded down $0.19 during trading hours on Wednesday, hitting $8.03. 147,660 shares of the stock were exchanged, compared to its average volume of 951,523. 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 business has a 50-day moving average of $8.10 and a 200-day moving average of $8.55. Apartment Investment and Management has a fifty-two week low of $6.89 and a fifty-two week high of $9.49. The firm has a market capitalization of $1.14 billion, a P/E ratio of -4.65 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued 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. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. The business had revenue of $52.35 million for the quarter, compared to analyst estimates of $53.64 million. On average, research analysts expect that Apartment Investment and Management will post -0.8 EPS for the current year.

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.