Point72 DIFC Ltd Purchases New Holdings in Apartment Investment and Management (NYSE:AIV)

Point72 DIFC Ltd bought a new position in shares of Apartment Investment and Management (NYSE:AIV) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 18,509 shares of the real estate investment trust’s stock, valued at approximately $153,000.

A number of other large investors also recently bought and sold shares of the company. Magnetar Financial LLC bought a new position in Apartment Investment and Management during the 2nd quarter worth approximately $147,000. MQS Management LLC lifted its holdings in Apartment Investment and Management by 33.6% during the 2nd quarter. MQS Management LLC now owns 17,485 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 4,401 shares during the last quarter. XTX Topco Ltd bought a new position in Apartment Investment and Management during the 2nd quarter worth approximately $158,000. Hsbc Holdings PLC lifted its holdings in Apartment Investment and Management by 16.8% during the 2nd quarter. Hsbc Holdings PLC now owns 118,191 shares of the real estate investment trust’s stock worth $977,000 after buying an additional 17,032 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Apartment Investment and Management by 36.3% during the 2nd quarter. Renaissance Technologies LLC now owns 213,340 shares of the real estate investment trust’s stock worth $1,769,000 after buying an additional 56,800 shares during the last quarter. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Trading Down 1.4 %

NYSE:AIV opened at $9.13 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. The business’s 50 day moving average is $8.98 and its two-hundred day moving average is $8.41. The company has a market cap of $1.32 billion, a PE ratio of -7.74 and a beta of 1.38. Apartment Investment and Management has a 52 week low of $5.63 and a 52 week high of $9.48.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.33). The company had revenue of $51.15 million for the quarter, compared to analyst estimates 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.