Intech Investment Management LLC Acquires New Stake in Apartment Investment and Management (NYSE:AIV)

Intech Investment Management LLC acquired a new stake in shares of Apartment Investment and Management (NYSE:AIV) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 31,606 shares of the real estate investment trust’s stock, valued at approximately $286,000.

A number of other large investors have also made changes to their positions in the stock. Millennium Management LLC boosted its stake in shares of Apartment Investment and Management by 9.9% during 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 acquiring an additional 538,330 shares during the last quarter. DigitalBridge Group Inc. lifted its position in Apartment Investment and Management by 20.1% during the second quarter. DigitalBridge Group Inc. now owns 1,893,949 shares of the real estate investment trust’s stock worth $15,701,000 after buying an additional 316,790 shares during the period. Dimensional Fund Advisors LP lifted its position in Apartment Investment and Management by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,878,033 shares of the real estate investment trust’s stock worth $15,568,000 after buying an additional 9,646 shares during the period. Bank of New York Mellon Corp lifted its position in Apartment Investment and Management by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 638,901 shares of the real estate investment trust’s stock worth $5,296,000 after buying an additional 31,052 shares during the period. Finally, Meros Investment Management LP lifted its position in Apartment Investment and Management by 4.7% during the second quarter. Meros Investment Management LP now owns 508,819 shares of the real estate investment trust’s stock worth $4,218,000 after buying an additional 22,789 shares during the period. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Stock Performance

NYSE AIV opened at $8.75 on Thursday. The business’s 50-day moving average price is $8.72 and its 200 day moving average price is $8.65. Apartment Investment and Management has a twelve month low of $7.05 and a twelve month high of $9.48. The company has a market capitalization of $1.24 billion, a PE ratio of -5.06 and a beta of 1.39. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The business had revenue of $53.16 million for the quarter. On average, research analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current year.

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.