Intech Investment Management LLC Invests $286,000 in Apartment Investment and Management (NYSE:AIV)

Intech Investment Management LLC bought a new stake in shares of Apartment Investment and Management (NYSE:AIV) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 31,606 shares of the real estate investment trust’s stock, valued at approximately $286,000.

Several other hedge funds have also modified their holdings of the stock. Quarry LP acquired a new stake in Apartment Investment and Management during the 2nd quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Apartment Investment and Management in the 2nd quarter worth approximately $45,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Apartment Investment and Management by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,305 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Apartment Investment and Management in the 2nd quarter worth approximately $104,000. Finally, Algert Global LLC acquired a new position in shares of Apartment Investment and Management in the 2nd quarter worth approximately $109,000. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Investment and Management Price Performance

Shares of AIV opened at $8.75 on Thursday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -5.06 and a beta of 1.39. The stock has a 50 day moving average of $8.72 and a 200-day moving average of $8.65. 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 52 week low of $7.05 and a 52 week high of $9.48.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The firm had revenue of $53.16 million during the quarter. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. As a group, analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current year.

Apartment Investment and Management Company 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.