The Manufacturers Life Insurance Company Boosts Stock Holdings in Apartment Investment and Management (NYSE:AIV)

The Manufacturers Life Insurance Company raised its holdings in Apartment Investment and Management (NYSE:AIV) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,999 shares of the real estate investment trust’s stock after purchasing an additional 1,541 shares during the quarter. The Manufacturers Life Insurance Company owned 0.05% of Apartment Investment and Management worth $605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Millennium Management LLC boosted its stake in shares of Apartment Investment and Management by 9.9% in the second quarter. Millennium Management LLC now owns 6,001,979 shares of the real estate investment trust’s stock valued at $49,756,000 after buying an additional 538,330 shares in the last quarter. DigitalBridge Group Inc. boosted its position in shares of Apartment Investment and Management by 20.1% during the 2nd quarter. DigitalBridge Group Inc. now owns 1,893,949 shares of the real estate investment trust’s stock worth $15,701,000 after purchasing an additional 316,790 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Apartment Investment and Management by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,033 shares of the real estate investment trust’s stock worth $15,568,000 after purchasing an additional 9,646 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Apartment Investment and Management by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 638,901 shares of the real estate investment trust’s stock valued at $5,296,000 after purchasing an additional 31,052 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Apartment Investment and Management in the second quarter valued at about $3,921,000. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Trading Up 0.6 %

Shares of AIV opened at $8.71 on Wednesday. Apartment Investment and Management has a twelve month low of $5.63 and a twelve month high of $9.48. 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 has a market capitalization of $1.26 billion, a P/E ratio of -7.38 and a beta of 1.38. The firm’s 50-day moving average is $8.93 and its two-hundred day moving average is $8.49.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.33). The firm had revenue of $51.15 million for the quarter, compared to analyst estimates 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.