Aigen Investment Management LP Cuts Stock Position in Apartment Investment and Management (NYSE:AIV)

Aigen Investment Management LP trimmed its stake in shares of Apartment Investment and Management (NYSE:AIV) by 17.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,223 shares of the real estate investment trust’s stock after selling 3,944 shares during the period. Aigen Investment Management LP’s holdings in Apartment Investment and Management were worth $175,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp raised its position in shares of Apartment Investment and Management by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 24,446 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 2,683 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Apartment Investment and Management during the third quarter valued at approximately $252,000. Metis Global Partners LLC lifted its position in shares of Apartment Investment and Management by 27.4% in the third quarter. Metis Global Partners LLC now owns 13,419 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 2,882 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Apartment Investment and Management in the third quarter worth approximately $286,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Apartment Investment and Management during the third quarter worth approximately $105,000. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Stock Performance

NYSE:AIV opened at $8.81 on Monday. The company has a market cap of $1.25 billion, a P/E ratio of -5.09 and a beta of 1.40. Apartment Investment and Management has a twelve month low of $7.31 and a twelve month high of $9.48. The company’s 50-day moving average price is $8.93 and its 200-day moving average price is $8.83. 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 (NYSE:AIV) last released its earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The business had revenue of $54.17 million for the quarter, compared to analyst estimates of $53.11 million. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. On average, sell-side analysts forecast that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Announces Dividend

The business also recently announced a special dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th were issued 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%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a 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.