Point72 DIFC Ltd Takes $153,000 Position in Apartment Investment and Management (NYSE:AIV)

Point72 DIFC Ltd bought a new position in Apartment Investment and Management (NYSE:AIV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 18,509 shares of the real estate investment trust’s stock, valued at approximately $153,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AIV. Bleakley Financial Group LLC raised its holdings in Apartment Investment and Management by 101.0% in the first quarter. Bleakley Financial Group LLC now owns 144,803 shares of the real estate investment trust’s stock worth $1,186,000 after purchasing an additional 72,777 shares in the last quarter. SG Americas Securities LLC increased its holdings in Apartment Investment and Management by 796.4% in the 2nd quarter. SG Americas Securities LLC now owns 139,308 shares of the real estate investment trust’s stock worth $1,155,000 after buying an additional 123,767 shares in the last quarter. Quest Partners LLC increased its holdings in Apartment Investment and Management by 354.8% in the 2nd quarter. Quest Partners LLC now owns 220,350 shares of the real estate investment trust’s stock worth $1,827,000 after buying an additional 171,905 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its position in Apartment Investment and Management by 31.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 72,823 shares of the real estate investment trust’s stock worth $570,000 after buying an additional 17,250 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Apartment Investment and Management by 2.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 151,769 shares of the real estate investment trust’s stock valued at $1,258,000 after acquiring an additional 3,916 shares during the period. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Stock Performance

Shares of NYSE AIV opened at $9.01 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 3.81. The firm’s 50-day moving average price is $8.98 and its 200-day moving average price is $8.43. Apartment Investment and Management has a 52-week low of $5.63 and a 52-week high of $9.48. The company has a market cap of $1.30 billion, a PE ratio of -7.64 and a beta of 1.38.

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 firm had revenue of $51.15 million during the quarter, compared to analysts’ expectations of $50.84 million. Apartment Investment and Management had a negative return on equity of 51.94% and a negative net margin of 113.14%.

Apartment Investment and Management 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.