Apartment Investment and Management (NYSE:AIV) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in shares of Apartment Investment and Management (NYSE:AIV) by 1.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 394,562 shares of the real estate investment trust’s stock after selling 6,715 shares during the period. Mutual of America Capital Management LLC’s holdings in Apartment Investment and Management were worth $3,089,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Advisor Group Holdings Inc. lifted its stake in Apartment Investment and Management by 25.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,826 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 2,009 shares in the last quarter. Raymond James & Associates purchased a new position in Apartment Investment and Management in the 1st quarter valued at about $115,000. Private Advisor Group LLC lifted its stake in Apartment Investment and Management by 221.4% in the 1st quarter. Private Advisor Group LLC now owns 69,964 shares of the real estate investment trust’s stock valued at $512,000 after buying an additional 48,194 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Apartment Investment and Management by 36.1% in the 1st quarter. MetLife Investment Management LLC now owns 70,993 shares of the real estate investment trust’s stock valued at $520,000 after buying an additional 18,828 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Apartment Investment and Management by 79.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,806,000 shares of the real estate investment trust’s stock valued at $13,220,000 after buying an additional 799,000 shares in the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Performance

AIV opened at $7.76 on Friday. 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 company’s 50 day simple moving average is $7.74 and its two-hundred day simple moving average is $7.29. Apartment Investment and Management has a 1-year low of $5.63 and a 1-year high of $8.93. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -6.63 and a beta of 1.31.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, February 22nd. The real estate investment trust reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $49.35 million during the quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. TheStreet raised shares of Apartment Investment and Management from a “d+” rating to a “c-” rating in a research note on Tuesday, January 16th.

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.