Inspire Investing LLC Acquires Shares of 45,449 Apartment Investment and Management (NYSE:AIV)

Inspire Investing LLC bought a new position in shares of Apartment Investment and Management (NYSE:AIV) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 45,449 shares of the real estate investment trust’s stock, valued at approximately $411,000.

Several other institutional investors and hedge funds have also made changes to their positions in AIV. Bleakley Financial Group LLC increased its stake in Apartment Investment and Management by 101.0% in the 1st quarter. Bleakley Financial Group LLC now owns 144,803 shares of the real estate investment trust’s stock worth $1,186,000 after buying an additional 72,777 shares during the period. SG Americas Securities LLC increased its position in shares of Apartment Investment and Management by 796.4% during the second quarter. SG Americas Securities LLC now owns 139,308 shares of the real estate investment trust’s stock worth $1,155,000 after acquiring an additional 123,767 shares during the period. Quest Partners LLC raised its stake in shares of Apartment Investment and Management by 354.8% during 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 acquiring an additional 171,905 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Apartment Investment and Management in the second quarter valued at approximately $3,921,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Apartment Investment and Management by 2.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 151,769 shares of the real estate investment trust’s stock worth $1,258,000 after purchasing an additional 3,916 shares in the last quarter. 83.26% of the stock is currently owned by institutional investors.

Apartment Investment and Management Trading Up 0.3 %

AIV opened at $8.78 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 stock’s fifty day moving average is $8.93 and its two-hundred day moving average is $8.50. The company has a market capitalization of $1.27 billion, a P/E ratio of -7.44 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) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.33). Apartment Investment and Management had a negative net margin of 113.14% and a negative return on equity of 51.94%. The firm had revenue of $51.15 million for the quarter, compared to analysts’ expectations of $50.84 million.

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.