473,023 Shares in Apartment Investment and Management (NYSE:AIV) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC bought a new stake in shares of Apartment Investment and Management (NYSE:AIV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 473,023 shares of the real estate investment trust’s stock, valued at approximately $3,921,000. Cubist Systematic Strategies LLC owned about 0.33% of Apartment Investment and Management at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Lazard Asset Management LLC purchased a new stake in shares of Apartment Investment and Management during the first quarter valued at $38,000. Headlands Technologies LLC purchased a new stake in shares of Apartment Investment and Management during the 2nd quarter valued at about $104,000. MQS Management LLC purchased a new stake in shares of Apartment Investment and Management during the 1st quarter valued at about $107,000. Magnetar Financial LLC bought a new stake in shares of Apartment Investment and Management in the second quarter worth approximately $147,000. Finally, Point72 DIFC Ltd bought a new position in Apartment Investment and Management during the second quarter valued at approximately $153,000. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Trading Down 1.4 %

Shares of AIV stock opened at $9.13 on Friday. The stock has a market capitalization of $1.32 billion, a P/E ratio of -7.74 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. The firm’s 50 day moving average is $8.98 and its 200 day moving average is $8.41. 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 issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.33). Apartment Investment and Management had a negative return on equity of 51.94% and a negative net margin of 113.14%. The firm had revenue of $51.15 million during the quarter, compared to the consensus estimate of $50.84 million.

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.