Xponance Inc. Makes New $93,000 Investment in Apartment Investment and Management (NYSE:AIV)

Xponance Inc. acquired a new stake in Apartment Investment and Management (NYSE:AIV) in the 4th quarter, Holdings Channel reports. The firm acquired 10,190 shares of the real estate investment trust’s stock, valued at approximately $93,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cibc World Markets Corp acquired a new stake in Apartment Investment and Management in the fourth quarter valued at approximately $118,000. Metis Global Partners LLC raised its holdings in shares of Apartment Investment and Management by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 1,526 shares in the last quarter. FMR LLC lifted its position in shares of Apartment Investment and Management by 39.8% during the 3rd quarter. FMR LLC now owns 15,438 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 4,399 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Apartment Investment and Management during the fourth quarter worth $212,000. Finally, Van ECK Associates Corp increased its holdings in Apartment Investment and Management by 7.8% in the fourth quarter. Van ECK Associates Corp now owns 26,347 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 1,901 shares during the last quarter. 83.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th.

Apartment Investment and Management Stock Performance

Shares of AIV opened at $8.75 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. Apartment Investment and Management has a 52-week low of $7.68 and a 52-week high of $9.49. The stock has a 50 day moving average price of $8.88 and a 200 day moving average price of $8.80. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -5.05 and a beta of 1.40.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. The firm had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.11 million. Research analysts predict that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Apartment Investment and Management Profile

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.