Federated Hermes Inc. Cuts Stock Position in Apartment Investment and Management (NYSE:AIV)

Federated Hermes Inc. lessened its stake in Apartment Investment and Management (NYSE:AIV) by 98.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,173 shares of the real estate investment trust’s stock after selling 422,079 shares during the quarter. Federated Hermes Inc.’s holdings in Apartment Investment and Management were worth $56,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its holdings in shares of Apartment Investment and Management by 41.6% during the fourth quarter. Mackenzie Financial Corp now owns 14,476 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 4,252 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Apartment Investment and Management by 39.2% during the third quarter. Principal Financial Group Inc. now owns 21,945 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 6,185 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Apartment Investment and Management during the third quarter worth $151,000. Fox Run Management L.L.C. grew its holdings in shares of Apartment Investment and Management by 8.7% during the third quarter. Fox Run Management L.L.C. now owns 23,332 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 1,876 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Apartment Investment and Management by 5.6% during the third quarter. Nisa Investment Advisors LLC now owns 54,538 shares of the real estate investment trust’s stock worth $371,000 after buying an additional 2,896 shares in the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Trading Up 1.0 %

Shares of AIV stock opened at $8.28 on Tuesday. The company’s 50-day moving average price is $7.86 and its 200-day moving average price is $7.43. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 2.73. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -7.08 and a beta of 1.30. Apartment Investment and Management has a twelve month low of $5.63 and a twelve month high of $8.93.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AIV. StockNews.com lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Monday, February 26th. TheStreet raised shares of Apartment Investment and Management from a “d+” rating to a “c-” rating in a report on Tuesday, January 16th.

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.