Algert Global LLC Purchases Shares of 13,100 Apartment Investment and Management (NYSE:AIV)

Algert Global LLC acquired a new position in shares of Apartment Investment and Management (NYSE:AIV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,100 shares of the real estate investment trust’s stock, valued at approximately $109,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AIV. Millennium Management LLC raised its stake in Apartment Investment and Management by 9.9% during the 2nd 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. DigitalBridge Group Inc. lifted its holdings in shares of Apartment Investment and Management by 20.1% in the 2nd quarter. DigitalBridge Group Inc. now owns 1,893,949 shares of the real estate investment trust’s stock worth $15,701,000 after purchasing an additional 316,790 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Apartment Investment and Management by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,033 shares of the real estate investment trust’s stock valued at $15,568,000 after purchasing an additional 9,646 shares during the period. Bank of New York Mellon Corp increased its stake in Apartment Investment and Management by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 638,901 shares of the real estate investment trust’s stock valued at $5,296,000 after purchasing an additional 31,052 shares in the last quarter. Finally, Meros Investment Management LP lifted its stake 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 valued at $4,218,000 after buying an additional 22,789 shares in the last quarter. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Trading Up 0.9 %

NYSE:AIV opened at $8.67 on Friday. The company has a debt-to-equity ratio of 3.81, a current ratio of 1.32 and a quick ratio of 1.32. Apartment Investment and Management has a one year low of $5.63 and a one year high of $9.48. The company has a market cap of $1.25 billion, a PE ratio of -7.34 and a beta of 1.38. The firm has a 50-day moving average of $8.94 and a 200-day moving average of $8.48.

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

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.