Apartment Investment and Management (NYSE:AIV) Stake Cut by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its stake in Apartment Investment and Management (NYSE:AIV) by 5.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,698 shares of the real estate investment trust’s stock after selling 4,041 shares during the period. Squarepoint Ops LLC’s holdings in Apartment Investment and Management were worth $553,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in Apartment Investment and Management during the first quarter worth about $38,000. Headlands Technologies LLC purchased a new stake in Apartment Investment and Management in the 2nd quarter worth about $104,000. MQS Management LLC purchased a new position in Apartment Investment and Management during the first quarter valued at approximately $107,000. Magnetar Financial LLC acquired a new position in shares of Apartment Investment and Management in the second quarter worth $147,000. Finally, Point72 DIFC Ltd acquired a new position in Apartment Investment and Management in the 2nd quarter worth about $153,000. 83.26% of the stock is currently owned by institutional investors.

Apartment Investment and Management Stock Down 1.4 %

Apartment Investment and Management stock opened at $8.50 on Wednesday. Apartment Investment and Management has a 1-year low of $5.63 and a 1-year high of $9.48. The firm’s fifty day simple moving average is $8.96 and its 200-day simple moving average is $8.48. The company has a market capitalization of $1.23 billion, a P/E ratio of -7.20 and a beta of 1.38. 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 (NYSE:AIV) last announced its quarterly earnings data 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 company had revenue of $51.15 million during the quarter, compared to analyst estimates 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.