Nisa Investment Advisors LLC Sells 6,288 Shares of Apartment Investment and Management (NYSE:AIV)

Nisa Investment Advisors LLC reduced its holdings in shares of Apartment Investment and Management (NYSE:AIV) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,250 shares of the real estate investment trust’s stock after selling 6,288 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Apartment Investment and Management were worth $378,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new stake in Apartment Investment and Management during the second quarter valued at $29,000. Ensign Peak Advisors Inc purchased a new stake in Apartment Investment and Management during the third quarter valued at $30,000. Captrust Financial Advisors purchased a new stake in Apartment Investment and Management during the second quarter valued at $30,000. Advisor Group Holdings Inc. increased its position 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 valued at $147,000 after acquiring an additional 2,009 shares during the last quarter. Finally, Raymond James & Associates purchased a new stake in Apartment Investment and Management during the fourth quarter valued at $74,000. 83.26% of the stock is owned by institutional investors.

Apartment Investment and Management Stock Performance

Shares of AIV opened at $7.76 on Friday. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 2.73. The business has a 50-day simple moving average of $7.74 and a two-hundred day simple moving average of $7.29. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -6.63 and a beta of 1.31. Apartment Investment and Management has a 52 week low of $5.63 and a 52 week high of $8.93.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on AIV shares. StockNews.com cut Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. TheStreet upgraded Apartment Investment and Management from a “d+” rating to a “c-” rating in a research report on Tuesday, January 16th.

Apartment Investment and Management Company 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.