Apartment Investment and Management (NYSE:AIV) Shares Purchased by Algert Global LLC

Algert Global LLC raised its holdings in Apartment Investment and Management (NYSE:AIV - Free Report) by 570.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,860 shares of the real estate investment trust's stock after purchasing an additional 74,760 shares during the quarter. Algert Global LLC owned about 0.06% of Apartment Investment and Management worth $794,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its stake in shares of Apartment Investment and Management by 3.5% during the first 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 last quarter. Lazard Asset Management LLC purchased a new position in Apartment Investment and Management during the 1st quarter worth $38,000. SG Americas Securities LLC lifted its stake in shares of Apartment Investment and Management by 796.4% in 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 boosted its holdings in shares of Apartment Investment and Management by 37.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 45,421 shares of the real estate investment trust's stock valued at $377,000 after acquiring an additional 12,279 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Apartment Investment and Management by 2.6% during 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 acquiring an additional 3,916 shares during the period. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Stock Performance

NYSE AIV traded down $0.05 during trading hours on Friday, hitting $8.84. 380,142 shares of the stock were exchanged, compared to its average volume of 953,218. Apartment Investment and Management has a 12-month low of $6.83 and a 12-month high of $9.48. The stock has a 50-day moving average of $8.75 and a 200 day moving average of $8.63. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -5.11 and a beta of 1.39. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.05). The business had revenue of $53.16 million during the quarter. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. As a group, equities research analysts forecast 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.