Apartment Investment and Management (NYSE:AIV) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Apartment Investment and Management (NYSE:AIV) by 3.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,152 shares of the real estate investment trust’s stock after selling 4,617 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Apartment Investment and Management were worth $1,330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its stake 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 during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Apartment Investment and Management by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 72,999 shares of the real estate investment trust’s stock valued at $605,000 after acquiring an additional 1,541 shares during the last quarter. ProShare Advisors LLC grew its position in Apartment Investment and Management by 7.0% in the first quarter. ProShare Advisors LLC now owns 25,924 shares of the real estate investment trust’s stock worth $212,000 after acquiring an additional 1,700 shares during the period. Van ECK Associates Corp increased its stake in Apartment Investment and Management by 12.3% during the third quarter. Van ECK Associates Corp now owns 24,446 shares of the real estate investment trust’s stock worth $211,000 after acquiring an additional 2,683 shares during the last quarter. Finally, abrdn plc increased its stake in Apartment Investment and Management by 10.5% during the third quarter. abrdn plc now owns 28,757 shares of the real estate investment trust’s stock worth $260,000 after acquiring an additional 2,744 shares during the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Stock Performance

NYSE AIV opened at $8.83 on Wednesday. Apartment Investment and Management has a 12 month low of $6.49 and a 12 month high of $9.48. The stock has a market capitalization of $1.25 billion, a P/E ratio of -5.10 and a beta of 1.39. The firm’s 50-day moving average is $8.80 and its two-hundred day moving average is $8.60. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data 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). Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The company had revenue of $53.16 million during the quarter. On average, sell-side analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current year.

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.