Apartment Investment and Management (NYSE:AIV) Shares Sold by Mather Group LLC.

Mather Group LLC. trimmed its holdings in Apartment Investment and Management (NYSE:AIV) by 9.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,089 shares of the real estate investment trust’s stock after selling 2,671 shares during the quarter. Mather Group LLC.’s holdings in Apartment Investment and Management were worth $205,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in shares of Apartment Investment and Management during the first quarter worth about $38,000. Russell Investments Group Ltd. increased its holdings in shares of Apartment Investment and Management by 398.2% in the fourth quarter. Russell Investments Group Ltd. now owns 5,092 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 4,070 shares during the period. MQS Management LLC purchased a new stake in shares of Apartment Investment and Management during the first quarter worth approximately $107,000. Mackenzie Financial Corp lifted its holdings in shares of Apartment Investment and Management by 41.6% during the fourth quarter. Mackenzie Financial Corp now owns 14,476 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 4,252 shares during the period. Finally, Van ECK Associates Corp grew its position in Apartment Investment and Management by 18.0% in the 4th quarter. Van ECK Associates Corp now owns 20,496 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 3,127 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Performance

Apartment Investment and Management stock traded up $0.01 during trading hours on Wednesday, reaching $8.86. 314,905 shares of the stock were exchanged, compared to its average volume of 985,394. Apartment Investment and Management has a 52-week low of $5.63 and a 52-week high of $9.20. The stock has a market cap of $1.28 billion, a P/E ratio of -7.50 and a beta of 1.37. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.51 and a current ratio of 1.51. The firm’s 50 day moving average is $8.40 and its 200 day moving average is $8.04.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The firm had revenue of $50.20 million during the quarter, compared to the consensus estimate of $49.85 million. Apartment Investment and Management had a negative net margin of 86.84% and a negative return on equity of 33.35%.

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.