Sumitomo Mitsui Trust Holdings Inc. Has $1.16 Million Position in Apartment Investment and Management (NYSE:AIV)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in Apartment Investment and Management (NYSE:AIV) by 1.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 147,853 shares of the real estate investment trust’s stock after selling 1,663 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Apartment Investment and Management were worth $1,158,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of Apartment Investment and Management by 239.5% in the third quarter. SG Americas Securities LLC now owns 82,421 shares of the real estate investment trust’s stock valued at $560,000 after buying an additional 58,144 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Apartment Investment and Management by 24.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,526 shares of the real estate investment trust’s stock valued at $480,000 after buying an additional 14,072 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Apartment Investment and Management by 4.4% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,464 shares of the real estate investment trust’s stock valued at $472,000 after buying an additional 2,948 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Apartment Investment and Management by 46.8% in the third quarter. Teacher Retirement System of Texas now owns 245,786 shares of the real estate investment trust’s stock valued at $1,671,000 after buying an additional 78,363 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake 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 buying an additional 2,896 shares during the period. Institutional investors and hedge funds own 83.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. TheStreet raised Apartment Investment and Management from a “d+” rating to a “c-” rating in a research note on Tuesday, January 16th. StockNews.com cut Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, February 26th.

Apartment Investment and Management Trading Down 0.9 %

NYSE AIV opened at $7.97 on Friday. The business has a 50 day simple moving average of $7.78 and a 200 day simple moving average of $7.33. Apartment Investment and Management has a one year low of $5.63 and a one year high of $8.93. The stock has a market capitalization of $1.15 billion, a P/E ratio of -6.81 and a beta of 1.31. The company has a debt-to-equity ratio of 2.73, a current ratio of 2.18 and a quick ratio of 2.18.

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

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.