Principal Financial Group Inc. Sells 4,979 Shares of Apartment Investment and Management (NYSE:AIV)

Principal Financial Group Inc. cut its holdings in Apartment Investment and Management (NYSE:AIV) by 30.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,499 shares of the real estate investment trust’s stock after selling 4,979 shares during the quarter. Principal Financial Group Inc.’s holdings in Apartment Investment and Management were worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. CANADA LIFE ASSURANCE Co lifted its position in shares of Apartment Investment and Management by 3.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 172,094 shares of the real estate investment trust’s stock worth $1,407,000 after purchasing an additional 5,808 shares during the period. Lazard Asset Management LLC purchased a new stake in Apartment Investment and Management in the first quarter worth about $38,000. SG Americas Securities LLC grew its holdings in shares of Apartment Investment and Management by 796.4% during the 2nd 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. Wealth Enhancement Advisory Services LLC raised its position in shares of Apartment Investment and Management by 37.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,421 shares of the real estate investment trust’s stock worth $377,000 after acquiring an additional 12,279 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Apartment Investment and Management by 2.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 151,769 shares of the real estate investment trust’s stock valued at $1,258,000 after purchasing an additional 3,916 shares during the period. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Trading Up 0.7 %

NYSE AIV opened at $8.92 on Wednesday. The firm has a market capitalization of $1.26 billion, a PE ratio of -5.13 and a beta of 1.39. The stock’s 50 day moving average is $8.78 and its 200 day moving average is $8.62. Apartment Investment and Management has a twelve month low of $6.74 and a twelve month high of $9.48. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28.

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

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.