Daiwa Securities Group Inc. Cuts Stake in Apartment Investment and Management (NYSE:AIV)

Daiwa Securities Group Inc. reduced its stake in Apartment Investment and Management (NYSE:AIV) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,703 shares of the real estate investment trust’s stock after selling 1,287 shares during the period. Daiwa Securities Group Inc.’s holdings in Apartment Investment and Management were worth $346,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AIV. Quest Partners LLC purchased a new position in shares of Apartment Investment and Management in the 4th quarter worth $860,000. Bleakley Financial Group LLC raised its position in Apartment Investment and Management by 101.0% during the first quarter. Bleakley Financial Group LLC now owns 144,803 shares of the real estate investment trust’s stock valued at $1,186,000 after purchasing an additional 72,777 shares during the period. SG Americas Securities LLC lifted its stake in shares of Apartment Investment and Management by 796.4% in the 2nd quarter. SG Americas Securities LLC now owns 139,308 shares of the real estate investment trust’s stock valued at $1,155,000 after purchasing an additional 123,767 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Apartment Investment and Management by 31.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 72,823 shares of the real estate investment trust’s stock worth $570,000 after purchasing an additional 17,250 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Apartment Investment and Management by 2.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 151,769 shares of the real estate investment trust’s stock worth $1,258,000 after purchasing an additional 3,916 shares during the period. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Investment and Management Stock Performance

NYSE:AIV opened at $9.09 on Tuesday. The firm has a market capitalization of $1.32 billion, a PE ratio of -7.75 and a beta of 1.38. The stock’s fifty day moving average is $8.87 and its 200 day moving average is $8.30. Apartment Investment and Management has a fifty-two week low of $5.63 and a fifty-two week high of $9.48. The company has a debt-to-equity ratio of 3.81, a quick ratio of 1.32 and a current ratio of 1.32.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.33). Apartment Investment and Management had a negative net margin of 113.14% and a negative return on equity of 51.94%. The firm had revenue of $51.15 million during the quarter, compared to analysts’ expectations of $50.84 million.

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.