Quest Partners LLC Sells 176,601 Shares of Apartment Investment and Management (NYSE:AIV)

Quest Partners LLC trimmed its holdings in Apartment Investment and Management (NYSE:AIV) by 80.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,749 shares of the real estate investment trust’s stock after selling 176,601 shares during the quarter. Quest Partners LLC’s holdings in Apartment Investment and Management were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Lazard Asset Management LLC bought a new stake in Apartment Investment and Management in the 1st quarter valued at $38,000. Quarry LP acquired a new position in shares of Apartment Investment and Management during the second quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Apartment Investment and Management in the second quarter valued at about $45,000. Mirae Asset Global Investments Co. Ltd. grew its position in Apartment Investment and Management by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,305 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Apartment Investment and Management during the second quarter valued at about $104,000. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

Shares of AIV stock opened at $8.84 on Monday. Apartment Investment and Management has a 12 month low of $6.74 and a 12 month high of $9.48. The company has a market capitalization of $1.25 billion, a P/E ratio of -5.11 and a beta of 1.39. The stock has a 50 day moving average of $8.78 and a two-hundred day moving average of $8.61. 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 (NYSE:AIV) last posted its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The business had revenue of $53.16 million for the quarter. As a group, equities analysts expect that Apartment Investment and Management will post -0.8 EPS for the current year.

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.