DekaBank Deutsche Girozentrale Sells 49,086 Shares of Apartment Investment and Management (NYSE:AIV)

DekaBank Deutsche Girozentrale lowered its holdings in Apartment Investment and Management (NYSE:AIV) by 56.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,718 shares of the real estate investment trust’s stock after selling 49,086 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Apartment Investment and Management were worth $298,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Apartment Investment and Management by 5.3% in the 2nd quarter. AQR Capital Management LLC now owns 26,991 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 1,359 shares in the last quarter. Fox Run Management L.L.C. raised its position in shares of Apartment Investment and Management by 8.7% in the 3rd quarter. Fox Run Management L.L.C. now owns 23,332 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 1,876 shares in the last quarter. Advisor Group Holdings Inc. raised its position in shares of Apartment Investment and Management by 25.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,826 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 2,009 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Apartment Investment and Management by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 94,214 shares of the real estate investment trust’s stock valued at $641,000 after buying an additional 2,026 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Apartment Investment and Management by 5.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 54,538 shares of the real estate investment trust’s stock valued at $371,000 after buying an additional 2,896 shares in the last quarter. Institutional investors own 83.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AIV shares. StockNews.com cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. TheStreet upgraded shares of Apartment Investment and Management from a “d+” rating to a “c-” rating in a research report on Tuesday, January 16th.

Apartment Investment and Management Price Performance

AIV stock opened at $7.81 on Wednesday. The company has a 50 day simple moving average of $7.73 and a 200 day simple moving average of $7.28. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -6.67 and a beta of 1.31. Apartment Investment and Management has a 1 year low of $5.63 and a 1 year high of $8.93. The company has a debt-to-equity ratio of 2.73, a current ratio of 2.18 and a quick ratio of 2.18.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($1.01). The company had revenue of $49.35 million for the quarter. Apartment Investment and Management had a negative return on equity of 30.04% and a negative net margin of 88.87%.

Apartment Investment and Management Company 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.