Apartment Investment and Management (NYSE:AIV) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Apartment Investment and Management (NYSE:AIV) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 147,853 shares of the real estate investment trust’s stock after selling 1,663 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.10% of Apartment Investment and Management worth $1,158,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Thompson Siegel & Walmsley LLC raised its position in Apartment Investment and Management by 13.0% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,097,451 shares of the real estate investment trust’s stock worth $7,463,000 after acquiring an additional 126,556 shares in the last quarter. Mutual of America Capital Management LLC grew its stake in Apartment Investment and Management by 2.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 401,277 shares of the real estate investment trust’s stock valued at $2,729,000 after acquiring an additional 9,951 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Apartment Investment and Management by 46.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 245,786 shares of the real estate investment trust’s stock valued at $1,671,000 after acquiring an additional 78,363 shares in the last quarter. Newtyn Management LLC purchased a new position in Apartment Investment and Management during the 3rd quarter valued at about $1,577,000. Finally, Victory Capital Management Inc. grew its stake in Apartment Investment and Management by 14.8% during the 3rd quarter. Victory Capital Management Inc. now owns 228,161 shares of the real estate investment trust’s stock valued at $1,551,000 after acquiring an additional 29,366 shares in the last quarter. 83.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com cut Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. TheStreet raised Apartment Investment and Management from a “d+” rating to a “c-” rating in a research note on Tuesday, January 16th.

Apartment Investment and Management Trading Down 0.9 %

Shares of NYSE AIV opened at $7.97 on Friday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -6.81 and a beta of 1.31. The business has a 50 day simple moving average of $7.78 and a 200 day simple moving average of $7.33. Apartment Investment and Management has a 52 week low of $5.63 and a 52 week high of $8.93. The company has a debt-to-equity ratio of 2.73, a quick ratio of 2.18 and a current ratio of 2.18.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly 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). The firm had revenue of $49.35 million during the quarter. Apartment Investment and Management had a negative net margin of 88.87% and a negative return on equity of 30.04%.

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.