Saybrook Capital NC bought a new position in Apartment Investment and Management (NYSE:AIV - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 155,500 shares of the real estate investment trust's stock, valued at approximately $1,413,000. Apartment Investment and Management makes up approximately 0.4% of Saybrook Capital NC's investment portfolio, making the stock its 26th biggest position. Saybrook Capital NC owned about 0.11% of Apartment Investment and Management as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in AIV. Daiwa Securities Group Inc. lifted its position 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 buying an additional 1,220 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Apartment Investment and Management by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust's stock worth $136,000 after acquiring an additional 1,526 shares during the period. Van ECK Associates Corp boosted its position in shares of Apartment Investment and Management by 7.8% during the 4th quarter. Van ECK Associates Corp now owns 26,347 shares of the real estate investment trust's stock valued at $239,000 after acquiring an additional 1,901 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Apartment Investment and Management by 1.1% during the 4th quarter. Rhumbline Advisers now owns 240,900 shares of the real estate investment trust's stock valued at $2,190,000 after acquiring an additional 2,659 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Apartment Investment and Management by 2.2% in the third quarter. Nomura Asset Management Co. Ltd. now owns 167,300 shares of the real estate investment trust's stock valued at $1,512,000 after purchasing an additional 3,600 shares during the period. 83.26% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Apartment Investment and Management from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th.
Read Our Latest Stock Report on AIV
Apartment Investment and Management Trading Down 1.5 %
Shares of AIV stock traded down $0.14 during trading on Thursday, hitting $8.77. 936,528 shares of the stock traded hands, compared to its average volume of 1,205,242. Apartment Investment and Management has a 52-week low of $7.31 and a 52-week high of $9.48. The firm has a market capitalization of $1.25 billion, a P/E ratio of -5.07 and a beta of 1.40. The firm's fifty day moving average price is $8.93 and its 200-day moving average price is $8.83. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35.
Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.11 million. As a group, research analysts forecast that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.
Apartment Investment and Management Dividend Announcement
The business also recently announced a special dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. Apartment Investment and Management's payout ratio is currently -136.49%.
Apartment Investment and Management Profile
(
Free Report)
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.
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