Point72 Asia Singapore Pte. Ltd. Makes New $45,000 Investment in Apartment Investment and Management (NYSE:AIV)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Apartment Investment and Management (NYSE:AIV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,486 shares of the real estate investment trust’s stock, valued at approximately $45,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AIV. Campbell & CO Investment Adviser LLC lifted its holdings in Apartment Investment and Management by 31.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 72,823 shares of the real estate investment trust’s stock valued at $570,000 after acquiring an additional 17,250 shares during the last quarter. HGI Capital Management LLC acquired a new position in shares of Apartment Investment and Management in the 4th quarter valued at $629,000. Nebula Research & Development LLC grew its holdings in shares of Apartment Investment and Management by 209.0% during the 4th quarter. Nebula Research & Development LLC now owns 87,650 shares of the real estate investment trust’s stock worth $686,000 after purchasing an additional 59,282 shares during the period. Daiwa Securities Group Inc. increased its position in shares of Apartment Investment and Management by 3.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 42,990 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 1,496 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in Apartment Investment and Management by 7.0% in the 1st quarter. ProShare Advisors LLC now owns 25,924 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 1,700 shares during the period. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Trading Down 1.0 %

NYSE AIV opened at $9.04 on Tuesday. The company has a debt-to-equity ratio of 3.81, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $1.31 billion, a P/E ratio of -7.66 and a beta of 1.38. The firm’s 50-day moving average is $8.98 and its two-hundred day moving average is $8.43. 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 company had revenue of $51.15 million during the quarter, compared to analyst estimates of $50.84 million.

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.