Rush Island Management LP Takes Position in Apartment Investment and Management (NYSE:AIV)

Rush Island Management LP acquired a new position in Apartment Investment and Management (NYSE:AIV - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,769,790 shares of the real estate investment trust's stock, valued at approximately $15,999,000. Apartment Investment and Management comprises 1.2% of Rush Island Management LP's investment portfolio, making the stock its 16th biggest holding. Rush Island Management LP owned 1.25% of Apartment Investment and Management as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of AIV. Daiwa Securities Group Inc. boosted its holdings in Apartment Investment and Management by 2.9% during the third quarter. Daiwa Securities Group Inc. now owns 42,923 shares of the real estate investment trust's stock worth $388,000 after purchasing an additional 1,220 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Apartment Investment and Management by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust's stock worth $46,000 after buying an additional 1,305 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Apartment Investment and Management by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 72,999 shares of the real estate investment trust's stock worth $605,000 after buying an additional 1,541 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Apartment Investment and Management by 12.3% during the third quarter. Van ECK Associates Corp now owns 24,446 shares of the real estate investment trust's stock valued at $211,000 after acquiring an additional 2,683 shares during the last quarter. Finally, abrdn plc lifted its holdings in Apartment Investment and Management by 10.5% during the third quarter. abrdn plc now owns 28,757 shares of the real estate investment trust's stock worth $260,000 after acquiring an additional 2,744 shares during the period. Institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Stock Performance

AIV stock traded down $0.11 during midday trading on Thursday, hitting $8.64. The company's stock had a trading volume of 832,167 shares, compared to its average volume of 946,748. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -4.99 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. The stock's 50-day moving average price is $8.70 and its 200 day moving average price is $8.65. Apartment Investment and Management has a 1 year low of $7.05 and a 1 year high of $9.48.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued 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). Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The company had revenue of $53.16 million during the quarter. On average, equities analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current 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.