Millennium Management LLC Has $49.76 Million Stock Holdings in Apartment Investment and Management (NYSE:AIV)

Millennium Management LLC boosted its stake in shares of Apartment Investment and Management (NYSE:AIV) by 9.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,001,979 shares of the real estate investment trust’s stock after buying an additional 538,330 shares during the period. Millennium Management LLC’s holdings in Apartment Investment and Management were worth $49,756,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AIV. DigitalBridge Group Inc. raised its holdings in shares of Apartment Investment and Management by 20.1% during the second quarter. DigitalBridge Group Inc. now owns 1,893,949 shares of the real estate investment trust’s stock worth $15,701,000 after acquiring an additional 316,790 shares during the period. Dimensional Fund Advisors LP increased its holdings in 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 worth $15,568,000 after purchasing an additional 9,646 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Apartment Investment and Management by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 638,901 shares of the real estate investment trust’s stock valued at $5,296,000 after purchasing an additional 31,052 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Apartment Investment and Management in the second quarter valued at about $3,921,000. Finally, Quest Partners LLC lifted its holdings in shares of Apartment Investment and Management by 354.8% in the second quarter. Quest Partners LLC now owns 220,350 shares of the real estate investment trust’s stock valued at $1,827,000 after purchasing an additional 171,905 shares in the last quarter. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Stock Down 1.0 %

NYSE:AIV opened at $9.04 on Tuesday. The stock has a 50-day simple moving average of $8.98 and a 200 day simple moving average of $8.43. Apartment Investment and Management has a 52-week low of $5.63 and a 52-week high of $9.48. The company has a market cap of $1.31 billion, a PE ratio of -7.66 and a beta of 1.38. The company has a debt-to-equity ratio of 3.81, a quick ratio of 1.32 and a current ratio of 1.32.

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