Hsbc Holdings PLC Increases Stock Holdings in Apartment Investment and Management (NYSE:AIV)

Hsbc Holdings PLC boosted its holdings in Apartment Investment and Management (NYSE:AIV) by 16.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,191 shares of the real estate investment trust’s stock after purchasing an additional 17,032 shares during the quarter. Hsbc Holdings PLC owned approximately 0.08% of Apartment Investment and Management worth $977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AIV. Lazard Asset Management LLC acquired a new position in shares of Apartment Investment and Management during the 1st quarter valued at about $38,000. Headlands Technologies LLC acquired a new position in Apartment Investment and Management during the second quarter worth approximately $104,000. MQS Management LLC purchased a new position in Apartment Investment and Management during the first quarter worth approximately $107,000. ProShare Advisors LLC boosted its holdings in shares of Apartment Investment and Management by 7.0% in the 1st quarter. ProShare Advisors LLC now owns 25,924 shares of the real estate investment trust’s stock valued at $212,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Apartment Investment and Management by 3.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 42,990 shares of the real estate investment trust’s stock valued at $352,000 after buying an additional 1,496 shares during the period. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Investment and Management Price Performance

Shares of Apartment Investment and Management stock opened at $9.13 on Friday. The business’s fifty day moving average price is $8.98 and its 200 day moving average price is $8.41. Apartment Investment and Management has a twelve month low of $5.63 and a twelve month high of $9.48. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 3.81. The stock has a market capitalization of $1.32 billion, a P/E ratio of -7.74 and a beta of 1.38.

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

Apartment Investment and Management Profile

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.