MQS Management LLC Boosts Stock Position in Apartment Investment and Management (NYSE:AIV)

MQS Management LLC increased its position in Apartment Investment and Management (NYSE:AIV) by 33.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,485 shares of the real estate investment trust’s stock after acquiring an additional 4,401 shares during the quarter. MQS Management LLC’s holdings in Apartment Investment and Management were worth $145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AIV. Lazard Asset Management LLC bought a new position in shares of Apartment Investment and Management in the first quarter worth approximately $38,000. Russell Investments Group Ltd. boosted its holdings in Apartment Investment and Management by 398.2% in the 4th quarter. Russell Investments Group Ltd. now owns 5,092 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 4,070 shares during the period. Headlands Technologies LLC purchased a new stake in Apartment Investment and Management in the 2nd quarter worth $104,000. XTX Topco Ltd bought a new stake in Apartment Investment and Management during the second quarter valued at about $158,000. Finally, Aigen Investment Management LP purchased a new position in shares of Apartment Investment and Management in the fourth quarter valued at about $197,000. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Stock Performance

NYSE AIV opened at $9.24 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 3.81. Apartment Investment and Management has a twelve month low of $5.63 and a twelve month high of $9.48. The business has a 50-day moving average price of $8.95 and a 200-day moving average price of $8.36. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -7.83 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.33). The business had revenue of $51.15 million during the quarter, compared to the consensus estimate of $50.84 million. Apartment Investment and Management had a negative return on equity of 51.94% and a negative net margin of 113.14%.

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.