Quest Partners LLC Reduces Stock Position in Apartment Investment and Management (NYSE:AIV)

Quest Partners LLC reduced its stake in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 80.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,749 shares of the real estate investment trust's stock after selling 176,601 shares during the period. Quest Partners LLC's holdings in Apartment Investment and Management were worth $395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in Apartment Investment and Management during the first quarter worth $38,000. Quarry LP purchased a new position in Apartment Investment and Management during the 2nd quarter valued at about $39,000. Mirae Asset Global Investments Co. Ltd. raised its position in Apartment Investment and Management by 34.8% during the third 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. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Apartment Investment and Management in the second quarter valued at about $45,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Apartment Investment and Management in the second quarter valued at approximately $104,000. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Price Performance

Shares of AIV traded up $0.02 during mid-day trading on Monday, reaching $8.86. 886,540 shares of the company's stock were exchanged, compared to its average volume of 960,707. Apartment Investment and Management has a 52-week low of $6.74 and a 52-week 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. The company has a 50-day simple moving average of $8.78 and a two-hundred day simple moving average of $8.61. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -5.12 and a beta of 1.39.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last released 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 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%. On average, sell-side analysts predict that Apartment Investment and Management will post -0.8 EPS for the current fiscal 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.