Headlands Technologies LLC Reduces Stock Position in Apartment Investment and Management Company (NYSE:AIV)

Headlands Technologies LLC reduced its position in shares of Apartment Investment and Management Company (NYSE:AIV) by 49.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,071 shares of the real estate investment trust’s stock after selling 2,954 shares during the period. Headlands Technologies LLC’s holdings in Apartment Investment and Management were worth $27,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Corton Capital Inc. boosted its holdings in shares of Apartment Investment and Management by 6.6% during the fourth quarter. Corton Capital Inc. now owns 18,140 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 1,131 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Apartment Investment and Management by 0.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 161,046 shares of the real estate investment trust’s stock worth $1,462,000 after purchasing an additional 1,496 shares during the period. Arizona State Retirement System boosted its holdings in shares of Apartment Investment and Management by 4.1% during the first quarter. Arizona State Retirement System now owns 38,495 shares of the real estate investment trust’s stock worth $339,000 after purchasing an additional 1,507 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Apartment Investment and Management by 5.4% during the first quarter. Envestnet Asset Management Inc. now owns 52,544 shares of the real estate investment trust’s stock worth $462,000 after purchasing an additional 2,681 shares during the period. Finally, Saybrook Capital NC boosted its holdings in shares of Apartment Investment and Management by 2.6% during the first quarter. Saybrook Capital NC now owns 159,500 shares of the real estate investment trust’s stock worth $1,404,000 after purchasing an additional 4,000 shares during the period. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AIV has been the subject of a number of research reports. Wolfe Research raised shares of Apartment Investment and Management from a “peer perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research note on Monday, August 4th. Wall Street Zen downgraded shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Friday, May 30th.

Apartment Investment and Management Price Performance

AIV stock opened at $7.92 on Thursday. Apartment Investment and Management Company has a 1 year low of $6.89 and a 1 year high of $9.48. The company has a market cap of $1.13 billion, a P/E ratio of -16.50 and a beta of 1.39. The firm has a 50-day moving average of $8.51 and a 200 day moving average of $8.42. The company has a debt-to-equity ratio of 8.06, a current ratio of 1.25 and a quick ratio of 1.34.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). Apartment Investment and Management had a negative return on equity of 34.47% and a negative net margin of 30.59%. The company had revenue of $52.76 million during the quarter, compared to the consensus estimate of $54.62 million. During the same period in the previous year, the company earned ($0.43) earnings per share. On average, sell-side analysts forecast that Apartment Investment and Management Company will post -0.8 EPS for the current 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.