Nisa Investment Advisors LLC Lowers Position in Apartment Investment and Management (NYSE:AIV)

Nisa Investment Advisors LLC reduced its stake in Apartment Investment and Management (NYSE:AIV) by 11.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,250 shares of the real estate investment trust’s stock after selling 6,288 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Apartment Investment and Management were worth $378,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Apartment Investment and Management by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 22,189,450 shares of the real estate investment trust’s stock valued at $162,427,000 after purchasing an additional 764,126 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Apartment Investment and Management by 2.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,952,941 shares of the real estate investment trust’s stock valued at $138,059,000 after purchasing an additional 513,565 shares during the last quarter. BlackRock Inc. increased its position in shares of Apartment Investment and Management by 0.9% during the 2nd quarter. BlackRock Inc. now owns 14,156,065 shares of the real estate investment trust’s stock valued at $120,610,000 after purchasing an additional 132,941 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Apartment Investment and Management by 95.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 11,540,204 shares of the real estate investment trust’s stock valued at $73,858,000 after purchasing an additional 5,629,405 shares during the last quarter. Finally, Land & Buildings Investment Management LLC increased its position in shares of Apartment Investment and Management by 19.9% during the 4th quarter. Land & Buildings Investment Management LLC now owns 8,798,969 shares of the real estate investment trust’s stock valued at $62,649,000 after purchasing an additional 1,457,755 shares during the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Price Performance

Shares of NYSE AIV opened at $7.76 on Friday. Apartment Investment and Management has a 52 week low of $5.63 and a 52 week high of $8.93. The business has a 50-day simple moving average of $7.74 and a two-hundred day simple moving average of $7.29. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 2.73. The company has a market cap of $1.12 billion, a P/E ratio of -6.63 and a beta of 1.31.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, February 22nd. The real estate investment trust reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($1.01). Apartment Investment and Management had a negative return on equity of 30.04% and a negative net margin of 88.87%. The company had revenue of $49.35 million during the quarter.

Analyst Upgrades and Downgrades

AIV has been the subject of several recent research reports. StockNews.com lowered Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Monday, February 26th. TheStreet raised Apartment Investment and Management from a “d+” rating to a “c-” rating in a report on Tuesday, January 16th.

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.