Apartment Investment and Management (NYSE:AIV) Shares Bought by Meros Investment Management LP

Meros Investment Management LP boosted its position in Apartment Investment and Management (NYSE:AIV - Free Report) by 35.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 687,817 shares of the real estate investment trust's stock after purchasing an additional 178,998 shares during the quarter. Apartment Investment and Management makes up approximately 2.8% of Meros Investment Management LP's investment portfolio, making the stock its 14th largest holding. Meros Investment Management LP owned about 0.49% of Apartment Investment and Management worth $6,218,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Quarry LP acquired a new stake in shares of Apartment Investment and Management in the 2nd quarter worth $39,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Apartment Investment and Management by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 1,305 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Apartment Investment and Management in the second quarter worth about $45,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Apartment Investment and Management during the third quarter worth about $105,000. Finally, Headlands Technologies LLC acquired a new position in shares of Apartment Investment and Management during the second quarter valued at about $104,000. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Stock Performance

Shares of Apartment Investment and Management stock traded down $0.01 during midday trading on Wednesday, hitting $8.72. The company had a trading volume of 513,499 shares, compared to its average volume of 940,049. The company has a fifty day simple moving average of $8.68 and a 200 day simple moving average of $8.66. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -5.05 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 has a 12-month low of $7.06 and a 12-month high of $9.48.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.05). The company had revenue of $53.16 million during the quarter. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. As a group, analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

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.