Apartment Investment and Management (NYSE:AIV) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in shares of Apartment Investment and Management (NYSE:AIV) by 0.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,383,856 shares of the real estate investment trust’s stock after selling 8,048 shares during the period. Geode Capital Management LLC owned approximately 2.40% of Apartment Investment and Management worth $30,596,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Rush Island Management LP purchased a new position in shares of Apartment Investment and Management in the 3rd quarter valued at about $15,999,000. Millennium Management LLC lifted its stake in 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 worth $49,756,000 after acquiring an additional 538,330 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Apartment Investment and Management during the 2nd quarter worth approximately $3,921,000. DigitalBridge Group Inc. increased its position in shares of Apartment Investment and Management by 20.1% in the 2nd quarter. DigitalBridge Group Inc. now owns 1,893,949 shares of the real estate investment trust’s stock valued at $15,701,000 after purchasing an additional 316,790 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Apartment Investment and Management by 40.7% in the 3rd quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust’s stock valued at $5,948,000 after purchasing an additional 190,440 shares in the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Up 1.1 %

Shares of NYSE AIV opened at $8.36 on Friday. The business has a 50-day moving average of $8.63 and a two-hundred day moving average of $8.69. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -4.83 and a beta of 1.39. Apartment Investment and Management has a 1 year low of $7.06 and a 1 year high of $9.48. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) EPS 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 company had revenue of $53.16 million for the quarter. On average, analysts forecast that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be paid a $0.60 dividend. The ex-dividend date is Tuesday, January 14th. Apartment Investment and Management’s dividend payout ratio is currently -58.38%.

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.