Verition Fund Management LLC Trims Holdings in Apartment Investment and Management (NYSE:AIV)

Verition Fund Management LLC cut its position in Apartment Investment and Management (NYSE:AIV - Free Report) by 74.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,200 shares of the real estate investment trust's stock after selling 146,570 shares during the period. Verition Fund Management LLC's holdings in Apartment Investment and Management were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of Apartment Investment and Management by 796.4% in the second quarter. SG Americas Securities LLC now owns 139,308 shares of the real estate investment trust's stock valued at $1,155,000 after acquiring an additional 123,767 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Apartment Investment and Management by 37.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 45,421 shares of the real estate investment trust's stock worth $377,000 after purchasing an additional 12,279 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Apartment Investment and Management by 2.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 151,769 shares of the real estate investment trust's stock worth $1,258,000 after purchasing an additional 3,916 shares during the period. Bank of New York Mellon Corp grew its holdings in Apartment Investment and Management by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 638,901 shares of the real estate investment trust's stock valued at $5,296,000 after buying an additional 31,052 shares in the last quarter. Finally, Quest Partners LLC raised its position in shares of Apartment Investment and Management by 354.8% during the second quarter. Quest Partners LLC now owns 220,350 shares of the real estate investment trust's stock valued at $1,827,000 after buying an additional 171,905 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors.

Apartment Investment and Management Price Performance

Shares of AIV stock traded up $0.09 during trading hours on Thursday, hitting $8.81. The stock had a trading volume of 560,886 shares, compared to its average volume of 938,469. The stock's 50-day moving average price is $8.68 and its two-hundred day moving average price is $8.66. Apartment Investment and Management has a one year low of $7.06 and a one year high of $9.48. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -5.09 and a beta of 1.39. 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 announced its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business 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%. Equities analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current 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.