Susquehanna Portfolio Strategies LLC Decreases Stake in Apartment Investment and Management (NYSE:AIV)

Susquehanna Portfolio Strategies LLC trimmed its holdings in shares of Apartment Investment and Management (NYSE:AIV) by 8.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 123,468 shares of the real estate investment trust’s stock after selling 11,000 shares during the quarter. Susquehanna Portfolio Strategies LLC owned 0.09% of Apartment Investment and Management worth $1,024,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Millennium Management LLC grew its stake in Apartment Investment and Management by 9.9% during the 2nd quarter. Millennium Management LLC now owns 6,001,979 shares of the real estate investment trust’s stock valued at $49,756,000 after purchasing an additional 538,330 shares in the last quarter. DigitalBridge Group Inc. boosted its stake in shares of Apartment Investment and Management by 20.1% during the 2nd quarter. DigitalBridge Group Inc. now owns 1,893,949 shares of the real estate investment trust’s stock valued at $15,701,000 after buying an additional 316,790 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Apartment Investment and Management by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,033 shares of the real estate investment trust’s stock valued at $15,568,000 after buying an additional 9,646 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Apartment Investment and Management by 5.1% during the second quarter. Bank of New York Mellon Corp now owns 638,901 shares of the real estate investment trust’s stock worth $5,296,000 after buying an additional 31,052 shares in the last quarter. Finally, Meros Investment Management LP increased its stake in shares of Apartment Investment and Management by 4.7% in the second quarter. Meros Investment Management LP now owns 508,819 shares of the real estate investment trust’s stock worth $4,218,000 after buying an additional 22,789 shares during the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Trading Down 1.4 %

AIV opened at $9.13 on Friday. The stock has a market capitalization of $1.32 billion, a PE ratio of -7.74 and a beta of 1.38. The company has a debt-to-equity ratio of 3.81, a current ratio of 1.32 and a quick ratio of 1.32. Apartment Investment and Management has a 12-month low of $5.63 and a 12-month high of $9.48. The firm’s fifty day moving average price is $8.98 and its 200 day moving average price is $8.41.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.33). The company had revenue of $51.15 million for 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.