Rhumbline Advisers Boosts Stock Holdings in Apartment Investment and Management (NYSE:AIV)

Rhumbline Advisers lifted its position in Apartment Investment and Management (NYSE:AIV) by 1.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 240,900 shares of the real estate investment trust’s stock after purchasing an additional 2,659 shares during the period. Rhumbline Advisers owned about 0.17% of Apartment Investment and Management worth $2,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AIV. Daiwa Securities Group Inc. boosted its position in shares of Apartment Investment and Management by 2.9% during the third quarter. Daiwa Securities Group Inc. now owns 42,923 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 1,220 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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. Van ECK Associates Corp raised its position in Apartment Investment and Management by 7.8% in the 4th quarter. Van ECK Associates Corp now owns 26,347 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 1,901 shares during the last quarter. abrdn plc lifted its position in Apartment Investment and Management by 10.5% during the third quarter. abrdn plc now owns 28,757 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 2,744 shares during the period. Finally, Metis Global Partners LLC boosted its stake in shares of Apartment Investment and Management by 27.4% in the 3rd quarter. Metis Global Partners LLC now owns 13,419 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 2,882 shares during the last quarter. 83.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th.

Apartment Investment and Management Trading Up 0.1 %

Shares of Apartment Investment and Management stock opened at $9.06 on Tuesday. Apartment Investment and Management has a fifty-two week low of $7.31 and a fifty-two week high of $9.48. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market capitalization of $1.29 billion, a P/E ratio of -5.24 and a beta of 1.38. The company has a fifty day moving average of $8.86 and a 200 day moving average of $8.82.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The firm had revenue of $54.17 million for the quarter, compared to analysts’ expectations of $53.11 million. On average, sell-side analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Dividend Announcement

The firm also recently announced a special dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, January 14th. Apartment Investment and Management’s dividend payout ratio (DPR) is -136.49%.

Apartment Investment and Management Company Profile

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.