Renaissance Technologies LLC Acquires 159,600 Shares of Apartment Investment and Management (NYSE:AIV)

Renaissance Technologies LLC increased its holdings in Apartment Investment and Management (NYSE:AIV - Free Report) by 98.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,440 shares of the real estate investment trust's stock after buying an additional 159,600 shares during the quarter. Renaissance Technologies LLC owned about 0.23% of Apartment Investment and Management worth $2,922,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in Apartment Investment and Management in the fourth quarter valued at approximately $55,000. Xponance Inc. bought a new position in shares of Apartment Investment and Management in the fourth quarter valued at approximately $93,000. Cerity Partners LLC bought a new position in shares of Apartment Investment and Management in the fourth quarter worth about $94,000. Cibc World Markets Corp bought a new stake in Apartment Investment and Management during the 4th quarter worth about $118,000. Finally, Metis Global Partners LLC boosted its holdings in Apartment Investment and Management by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust's stock worth $136,000 after buying an additional 1,526 shares during the last quarter. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Price Performance

AIV traded up $0.06 on Monday, reaching $7.78. The stock had a trading volume of 289,975 shares, compared to its average volume of 976,946. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28. Apartment Investment and Management has a fifty-two week low of $6.89 and a fifty-two week high of $9.49. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of -4.49 and a beta of 1.29. The firm has a 50-day moving average of $8.39 and a 200-day moving average of $8.62.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The firm had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.11 million. As a group, sell-side analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Apartment Investment and Management from a "sell" rating to a "hold" rating in a research report on Wednesday, February 26th.

Apartment Investment and Management Company Profile

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.