DekaBank Deutsche Girozentrale Decreases Holdings in Apartment Investment and Management (NYSE:AIV)

DekaBank Deutsche Girozentrale lessened its stake in shares of Apartment Investment and Management (NYSE:AIV) by 56.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,718 shares of the real estate investment trust’s stock after selling 49,086 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Apartment Investment and Management were worth $298,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC increased its holdings in 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 last quarter. Fox Run Management L.L.C. increased its holdings in Apartment Investment and Management by 8.7% during the third quarter. Fox Run Management L.L.C. now owns 23,332 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 1,876 shares during the last quarter. Advisor Group Holdings Inc. increased 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 buying an additional 2,009 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Apartment Investment and Management by 2.2% during the third quarter. Envestnet Asset Management Inc. now owns 94,214 shares of the real estate investment trust’s stock worth $641,000 after buying an additional 2,026 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Apartment Investment and Management by 5.6% in the third quarter. Nisa Investment Advisors LLC now owns 54,538 shares of the real estate investment trust’s stock valued at $371,000 after purchasing an additional 2,896 shares during the period. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Stock Down 2.1 %

Shares of NYSE AIV opened at $7.81 on Wednesday. Apartment Investment and Management has a one year low of $5.63 and a one year high of $8.93. The company has a debt-to-equity ratio of 2.73, a current ratio of 2.18 and a quick ratio of 2.18. The firm’s 50 day simple moving average is $7.73 and its two-hundred day simple moving average is $7.28. The stock has a market capitalization of $1.13 billion, a P/E ratio of -6.67 and a beta of 1.31.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, February 22nd. The real estate investment trust reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($1.01). Apartment Investment and Management had a negative return on equity of 30.04% and a negative net margin of 88.87%. The firm had revenue of $49.35 million during the quarter.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. TheStreet upgraded shares of Apartment Investment and Management from a “d+” rating to a “c-” rating in a research report on Tuesday, January 16th.

About Apartment Investment and Management

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.