Tudor Investment Corp ET AL trimmed its position in Apartment Investment and Management (NYSE:AIV - Free Report) by 88.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,965 shares of the real estate investment trust's stock after selling 350,721 shares during the quarter. Tudor Investment Corp ET AL's holdings in Apartment Investment and Management were worth $409,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of AIV. Barclays PLC lifted its holdings in shares of Apartment Investment and Management by 40.7% in the third quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust's stock worth $5,948,000 after buying an additional 190,440 shares in the last quarter. Tidal Investments LLC raised its stake in Apartment Investment and Management by 180.7% during the third quarter. Tidal Investments LLC now owns 40,601 shares of the real estate investment trust's stock valued at $367,000 after purchasing an additional 26,136 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Apartment Investment and Management by 9.7% during the third quarter. JPMorgan Chase & Co. now owns 719,531 shares of the real estate investment trust's stock valued at $6,505,000 after purchasing an additional 63,888 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Apartment Investment and Management by 101.8% during 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 purchasing an additional 41,293 shares in the last quarter. Finally, abrdn plc raised its stake in Apartment Investment and Management by 30.6% during the fourth quarter. abrdn plc now owns 37,561 shares of the real estate investment trust's stock valued at $315,000 after purchasing an additional 8,804 shares in the last quarter. 83.26% of the stock is currently owned by institutional investors.
Apartment Investment and Management Trading Down 0.9%
AIV traded down $0.08 on Wednesday, reaching $7.93. 334,148 shares of the company traded hands, compared to its average volume of 953,322. Apartment Investment and Management has a one year low of $6.89 and a one year high of $9.49. The firm has a fifty day simple moving average of $8.16 and a two-hundred day simple moving average of $8.56. The company has a market cap of $1.13 billion, a P/E ratio of -4.58 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 (NYSE:AIV - Get Free Report) last posted its earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) 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 the consensus estimate 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, equities research analysts expect that Apartment Investment and Management will post -0.8 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note on Monday.
View Our Latest Report on Apartment Investment and Management
Apartment Investment and Management Company Profile
(
Free Report)
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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