Nisa Investment Advisors LLC Has $416,000 Holdings in Apartment Investment and Management Company (NYSE:AIV)

Nisa Investment Advisors LLC cut its stake in shares of Apartment Investment and Management Company (NYSE:AIV) by 42.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,277 shares of the real estate investment trust’s stock after selling 34,592 shares during the period. Nisa Investment Advisors LLC’s holdings in Apartment Investment and Management were worth $416,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Millennium Management LLC raised its stake in Apartment Investment and Management by 14.0% during the 4th quarter. Millennium Management LLC now owns 7,145,287 shares of the real estate investment trust’s stock worth $64,951,000 after buying an additional 877,954 shares during the period. Rush Island Management LP raised its stake in Apartment Investment and Management by 156.7% during the 4th quarter. Rush Island Management LP now owns 4,543,774 shares of the real estate investment trust’s stock worth $41,303,000 after buying an additional 2,773,984 shares during the period. Irenic Capital Management LP raised its stake in Apartment Investment and Management by 0.5% during the 4th quarter. Irenic Capital Management LP now owns 3,812,595 shares of the real estate investment trust’s stock worth $34,656,000 after buying an additional 19,577 shares during the period. Land & Buildings Investment Management LLC raised its stake in Apartment Investment and Management by 77.2% during the 4th quarter. Land & Buildings Investment Management LLC now owns 3,074,160 shares of the real estate investment trust’s stock worth $27,944,000 after buying an additional 1,338,921 shares during the period. Finally, Argosy Lionbridge Management LLC acquired a new stake in Apartment Investment and Management during the 4th quarter worth $21,226,000. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

Shares of NYSE AIV opened at $8.74 on Thursday. The firm has a market cap of $1.24 billion, a PE ratio of -11.34 and a beta of 1.38. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 6.94. Apartment Investment and Management Company has a 1-year low of $6.89 and a 1-year high of $9.49. The company has a fifty day moving average price of $8.34 and a 200 day moving average price of $8.49.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Apartment Investment and Management had a negative net margin of 50.37% and a negative return on equity of 45.41%. The firm had revenue of $52.35 million during the quarter, compared to analyst estimates of $53.64 million. Research analysts predict that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Friday, May 30th.

Apartment Investment and Management Company Profile

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.