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

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Apartment Investment and Management Company (NYSE:AIV) by 1.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,469 shares of the real estate investment trust’s stock after selling 2,128 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.10% of Apartment Investment and Management worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Perpetual Ltd acquired a new position in shares of Apartment Investment and Management during the 1st quarter valued at $349,000. Sequoia Financial Advisors LLC acquired a new position in shares of Apartment Investment and Management during the 1st quarter valued at $414,000. Saybrook Capital NC lifted its holdings in shares of Apartment Investment and Management by 2.6% during the 1st quarter. Saybrook Capital NC now owns 159,500 shares of the real estate investment trust’s stock valued at $1,404,000 after acquiring an additional 4,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Apartment Investment and Management by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 216,792 shares of the real estate investment trust’s stock valued at $1,908,000 after acquiring an additional 4,088 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Apartment Investment and Management by 980.0% during the 1st quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 8,281 shares in the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Stock Performance

Shares of AIV stock opened at $8.81 on Friday. Apartment Investment and Management Company has a 12 month low of $6.89 and a 12 month high of $9.49. The company has a debt-to-equity ratio of 6.94, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $1.25 billion, a P/E ratio of -11.44 and a beta of 1.38. The company’s fifty day moving average price is $8.24 and its two-hundred day moving average price is $8.47.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. Apartment Investment and Management had a negative net margin of 50.37% and a negative return on equity of 45.41%. The firm had revenue of $52.35 million for the quarter, compared to analyst estimates of $53.64 million. On average, research analysts anticipate that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Friday, May 30th.

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.