Apartment Investment and Management Company (NYSE:AIV) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Apartment Investment and Management Company (NYSE:AIV) by 32.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,781 shares of the real estate investment trust’s stock after acquiring an additional 25,455 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of Apartment Investment and Management worth $904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Apartment Investment and Management during the 1st quarter worth $149,000. Allianz Asset Management GmbH acquired a new stake in Apartment Investment and Management in the first quarter valued at $659,000. Bleakley Financial Group LLC lifted its holdings in Apartment Investment and Management by 73.0% during the 1st quarter. Bleakley Financial Group LLC now owns 250,661 shares of the real estate investment trust’s stock worth $2,206,000 after buying an additional 105,808 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Apartment Investment and Management by 4.1% during the 1st quarter. Arizona State Retirement System now owns 38,495 shares of the real estate investment trust’s stock worth $339,000 after acquiring an additional 1,507 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC increased its holdings in shares of Apartment Investment and Management by 7.9% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 275,594 shares of the real estate investment trust’s stock valued at $2,425,000 after acquiring an additional 20,143 shares during the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AIV shares. Wall Street Zen cut Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Friday, May 30th. Wolfe Research upgraded shares of Apartment Investment and Management from a “peer perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a research report on Monday.

Apartment Investment and Management Stock Performance

NYSE AIV opened at $8.67 on Wednesday. The company has a fifty day moving average of $8.51 and a two-hundred day moving average of $8.46. The company has a debt-to-equity ratio of 6.94, a current ratio of 1.34 and a quick ratio of 1.34. Apartment Investment and Management Company has a 1 year low of $6.89 and a 1 year high of $9.48. The company has a market capitalization of $1.23 billion, a PE ratio of -11.25 and a beta of 1.39.

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

Apartment Investment and Management 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.