Apartment Investment and Management (NYSE:AIV) Stock Position Reduced by State Street Corp

State Street Corp lowered its stake in shares of Apartment Investment and Management (NYSE:AIV) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,041,340 shares of the real estate investment trust’s stock after selling 38,010 shares during the period. State Street Corp owned about 4.28% of Apartment Investment and Management worth $54,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Rush Island Management LP acquired a new stake in Apartment Investment and Management during the third quarter valued at $15,999,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Apartment Investment and Management by 2.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 829,121 shares of the real estate investment trust’s stock worth $7,495,000 after purchasing an additional 21,088 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Apartment Investment and Management by 10.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,006 shares of the real estate investment trust’s stock valued at $506,000 after buying an additional 5,499 shares during the last quarter. FMR LLC grew its stake in shares of Apartment Investment and Management by 39.8% in the 3rd quarter. FMR LLC now owns 15,438 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 4,399 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in Apartment Investment and Management by 11.3% in the third quarter. Quantbot Technologies LP now owns 105,996 shares of the real estate investment trust’s stock worth $958,000 after buying an additional 10,771 shares during the last quarter. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Investment and Management Price Performance

NYSE AIV opened at $8.21 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. The stock has a market capitalization of $1.16 billion, a PE ratio of -4.75 and a beta of 1.39. Apartment Investment and Management has a 12-month low of $7.06 and a 12-month high of $9.48. The company has a 50 day moving average price of $8.68 and a two-hundred day moving average price of $8.69.

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

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.