Apartment Investment and Management (NYSE:AIV) Shares Sold by Arizona State Retirement System

Arizona State Retirement System cut its holdings in shares of Apartment Investment and Management (NYSE:AIV) by 13.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,900 shares of the real estate investment trust’s stock after selling 6,036 shares during the period. Arizona State Retirement System’s holdings in Apartment Investment and Management were worth $323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in shares of Apartment Investment and Management by 4.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 24,554 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 1,134 shares during the period. AQR Capital Management LLC boosted its position in shares of Apartment Investment and Management by 5.3% during the second quarter. AQR Capital Management LLC now owns 26,991 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 1,359 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Apartment Investment and Management by 2.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 68,245 shares of the real estate investment trust’s stock worth $525,000 after buying an additional 1,576 shares during the period. Advisor Group Holdings Inc. raised its holdings in Apartment Investment and Management by 25.7% during the first quarter. Advisor Group Holdings Inc. now owns 9,826 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 2,009 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Apartment Investment and Management by 6.8% during the first quarter. Daiwa Securities Group Inc. now owns 45,353 shares of the real estate investment trust’s stock worth $349,000 after purchasing an additional 2,876 shares in the last quarter. 88.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. TheStreet cut Apartment Investment and Management from a “c-” rating to a “d+” rating in a report on Monday, October 9th. Wolfe Research assumed coverage on Apartment Investment and Management in a report on Monday, July 31st. They set a “peer perform” rating on the stock. Finally, StockNews.com assumed coverage on Apartment Investment and Management in a report on Thursday, October 5th. They set a “sell” rating on the stock.

Apartment Investment and Management Price Performance

NYSE AIV opened at $6.42 on Wednesday. The stock has a market capitalization of $948.33 million, a P/E ratio of -5.22 and a beta of 1.25. Apartment Investment and Management has a 1 year low of $5.63 and a 1 year high of $8.93. The business’s fifty day moving average is $6.74 and its two-hundred day moving average is $7.74. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.95 and a current ratio of 1.95.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Monday, November 6th. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. The company had revenue of $47.70 million for the quarter. Apartment Investment and Management had a negative return on equity of 6.07% and a negative net margin of 102.47%.

Apartment Investment and Management Profile

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.