Cibc World Markets Corp Invests $118,000 in Apartment Investment and Management (NYSE:AIV)

Cibc World Markets Corp purchased a new position in shares of Apartment Investment and Management (NYSE:AIV) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,018 shares of the real estate investment trust’s stock, valued at approximately $118,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC bought a new stake in shares of Apartment Investment and Management during the fourth quarter worth $8,155,000. Saybrook Capital NC bought a new stake in shares of Apartment Investment and Management during the fourth quarter valued at approximately $1,413,000. AlphaQuest LLC raised its position in Apartment Investment and Management by 43.5% in the 4th quarter. AlphaQuest LLC now owns 62,777 shares of the real estate investment trust’s stock worth $571,000 after purchasing an additional 19,028 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Apartment Investment and Management by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,851,566 shares of the real estate investment trust’s stock valued at $16,831,000 after buying an additional 8,713 shares during the last quarter. Finally, Metis Global Partners LLC boosted its position in 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 buying an additional 1,526 shares during the last quarter. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Performance

Shares of NYSE:AIV opened at $8.65 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28. Apartment Investment and Management has a 1-year low of $7.68 and a 1-year high of $9.49. The stock has a market capitalization of $1.23 billion, a P/E ratio of -5.00 and a beta of 1.40. The business has a 50-day moving average price of $8.88 and a two-hundred day moving average price of $8.80.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $54.17 million for the quarter, compared to analyst estimates of $53.11 million. Equities analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Analysts Set New Price Targets

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

About Apartment Investment and Management

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.