Strs Ohio Sells 2,000 Shares of Apartment Investment and Management (NYSE:AIV)

Strs Ohio lessened its position in Apartment Investment and Management (NYSE:AIV) by 6.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,800 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Strs Ohio’s holdings in Apartment Investment and Management were worth $233,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Newtyn Management LLC bought a new stake in shares of Apartment Investment and Management in the third quarter worth about $1,577,000. GSA Capital Partners LLP grew its position in shares of Apartment Investment and Management by 1,620.4% in the 3rd quarter. GSA Capital Partners LLP now owns 174,070 shares of the real estate investment trust’s stock worth $1,184,000 after buying an additional 163,952 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of Apartment Investment and Management by 13.0% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,097,451 shares of the real estate investment trust’s stock valued at $7,463,000 after buying an additional 126,556 shares during the period. Graham Capital Management L.P. bought a new position in shares of Apartment Investment and Management during the third quarter valued at approximately $738,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of Apartment Investment and Management by 46.8% during 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 acquiring an additional 78,363 shares in the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Analysts Set New Price Targets

AIV has been the subject of several research reports. StockNews.com lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Monday, February 26th. TheStreet raised Apartment Investment and Management from a “d+” rating to a “c-” rating in a research report on Tuesday, January 16th.

Apartment Investment and Management Price Performance

Shares of AIV stock opened at $8.06 on Tuesday. The business’s fifty day moving average is $7.81 and its 200 day moving average is $7.38. 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 stock has a market cap of $1.17 billion, a price-to-earnings ratio of -6.88 and a beta of 1.31. Apartment Investment and Management has a twelve month low of $5.63 and a twelve month high of $8.93.

Apartment Investment and Management (NYSE:AIV) last announced its 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 business had revenue of $49.35 million for the quarter. Apartment Investment and Management had a negative net margin of 88.87% and a negative return on equity of 30.04%.

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.