Handelsbanken Fonder AB Purchases 3,300 Shares of Apartment Investment and Management (NYSE:AIV)

Handelsbanken Fonder AB increased its position in shares of Apartment Investment and Management (NYSE:AIV) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,948 shares of the real estate investment trust’s stock after purchasing an additional 3,300 shares during the period. Handelsbanken Fonder AB’s holdings in Apartment Investment and Management were worth $234,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Thompson Siegel & Walmsley LLC boosted its holdings in 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 purchasing an additional 126,556 shares in the last quarter. Mutual of America Capital Management LLC grew its position in Apartment Investment and Management by 2.5% in the third quarter. Mutual of America Capital Management LLC now owns 401,277 shares of the real estate investment trust’s stock valued at $2,729,000 after acquiring an additional 9,951 shares during the period. Teacher Retirement System of Texas grew its position in 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 acquiring an additional 78,363 shares during the period. Newtyn Management LLC acquired a new position in Apartment Investment and Management during the third quarter worth $1,577,000. Finally, Victory Capital Management Inc. lifted its holdings in shares of Apartment Investment and Management by 14.8% during the third quarter. Victory Capital Management Inc. now owns 228,161 shares of the real estate investment trust’s stock valued at $1,551,000 after acquiring an additional 29,366 shares during the period. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AIV shares. TheStreet upgraded shares of Apartment Investment and Management from a “d+” rating to a “c-” rating in a research report on Tuesday, January 16th. 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.

Apartment Investment and Management Trading Up 1.1 %

AIV stock opened at $8.20 on Friday. The business has a fifty day moving average price of $7.84 and a 200 day moving average price of $7.41. 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 has a fifty-two week low of $5.63 and a fifty-two week high of $8.93. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -7.01 and a beta of 1.30.

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

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.