GSA Capital Partners LLP Purchases New Position in Apartment Investment and Management (NYSE:AIV)

GSA Capital Partners LLP bought a new position in shares of Apartment Investment and Management (NYSE:AIV) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 27,927 shares of the real estate investment trust’s stock, valued at approximately $252,000.

A number of other hedge funds have also recently made changes to their positions in AIV. Van ECK Associates Corp lifted its position in Apartment Investment and Management by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 24,446 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 2,683 shares in the last quarter. abrdn plc increased its stake in Apartment Investment and Management by 10.5% in the 3rd quarter. abrdn plc now owns 28,757 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 2,744 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Apartment Investment and Management by 357.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 207,939 shares of the real estate investment trust’s stock worth $1,880,000 after buying an additional 162,518 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Apartment Investment and Management by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,305 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in shares of Apartment Investment and Management during the 3rd quarter valued at about $411,000. 83.26% of the stock is owned by institutional investors.

Apartment Investment and Management Stock Up 0.7 %

AIV opened at $8.84 on Friday. The firm has a 50-day simple moving average of $8.78 and a two-hundred day simple moving average of $8.61. Apartment Investment and Management has a 52 week low of $6.74 and a 52 week high of $9.48. The company has a market capitalization of $1.25 billion, a PE ratio of -5.11 and a beta of 1.39. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $53.16 million during the quarter. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. Analysts forecast that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

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.