Apartment Investment and Management (NYSE:AIV) Stock Position Reduced by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Apartment Investment and Management (NYSE:AIV) by 30.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,499 shares of the real estate investment trust’s stock after selling 4,979 shares during the quarter. Principal Financial Group Inc.’s holdings in Apartment Investment and Management were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP acquired a new position in shares of Apartment Investment and Management during the second quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Apartment Investment and Management during the 2nd quarter valued at $45,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Apartment Investment and Management by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,305 shares during the period. Headlands Technologies LLC bought a new position in shares of Apartment Investment and Management in the second quarter worth $104,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Apartment Investment and Management during the third quarter valued at $105,000. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Performance

Shares of AIV opened at $8.66 on Wednesday. Apartment Investment and Management has a 52-week low of $7.06 and a 52-week high of $9.48. The firm has a market capitalization of $1.22 billion, a PE ratio of -5.01 and a beta of 1.38. The firm has a 50-day moving average price of $8.64 and a 200 day moving average price of $8.74. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business had revenue of $53.16 million during the quarter. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. On average, sell-side analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Dividend Announcement

The business also recently declared a special dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be given a $0.60 dividend. The ex-dividend date is Tuesday, January 14th. Apartment Investment and Management’s dividend payout ratio is currently -58.38%.

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.