Quarry LP Purchases Shares of 4,750 Apartment Investment and Management (NYSE:AIV)

Quarry LP acquired a new position in Apartment Investment and Management (NYSE:AIV) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,750 shares of the real estate investment trust’s stock, valued at approximately $39,000.

Several other large investors have also recently modified their holdings of the stock. Algert Global LLC purchased a new position in shares of Apartment Investment and Management in the second quarter worth about $109,000. Meros Investment Management LP increased its holdings in shares of Apartment Investment and Management by 4.7% in the second quarter. Meros Investment Management LP now owns 508,819 shares of the real estate investment trust’s stock worth $4,218,000 after buying an additional 22,789 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Apartment Investment and Management by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 72,999 shares of the real estate investment trust’s stock worth $605,000 after buying an additional 1,541 shares during the period. Millennium Management LLC increased its holdings in shares of Apartment Investment and Management by 9.9% in the second quarter. Millennium Management LLC now owns 6,001,979 shares of the real estate investment trust’s stock worth $49,756,000 after buying an additional 538,330 shares during the period. Finally, DigitalBridge Group Inc. increased its holdings in shares of Apartment Investment and Management by 20.1% in the second quarter. DigitalBridge Group Inc. now owns 1,893,949 shares of the real estate investment trust’s stock worth $15,701,000 after buying an additional 316,790 shares during the period. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Stock Down 0.2 %

AIV opened at $8.77 on Friday. The company has a market cap of $1.27 billion, a P/E ratio of -7.43 and a beta of 1.38. The business’s 50-day moving average price is $8.97 and its 200-day moving average price is $8.46. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 3.81. Apartment Investment and Management has a 12 month low of $5.63 and a 12 month high of $9.48.

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

About Apartment Investment and Management

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.