Mutual of America Capital Management LLC Reduces Stake in Apartment Investment and Management (NYSE:AIV)

Mutual of America Capital Management LLC lowered its stake in Apartment Investment and Management (NYSE:AIV) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 394,562 shares of the real estate investment trust’s stock after selling 6,715 shares during the period. Mutual of America Capital Management LLC owned approximately 0.27% of Apartment Investment and Management worth $3,089,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AIV. Goldman Sachs Group Inc. grew its position in Apartment Investment and Management by 95.2% in the second quarter. Goldman Sachs Group Inc. now owns 11,540,204 shares of the real estate investment trust’s stock worth $73,858,000 after acquiring an additional 5,629,405 shares in the last quarter. Millennium Management LLC boosted its position in shares of Apartment Investment and Management by 597.8% during the fourth quarter. Millennium Management LLC now owns 2,707,908 shares of the real estate investment trust’s stock valued at $19,280,000 after buying an additional 2,319,867 shares during the period. Norges Bank purchased a new position in shares of Apartment Investment and Management during the fourth quarter valued at approximately $15,047,000. Balyasny Asset Management LLC purchased a new position in shares of Apartment Investment and Management during the third quarter valued at approximately $12,495,000. Finally, Land & Buildings Investment Management LLC boosted its position in shares of Apartment Investment and Management by 19.9% during the fourth quarter. Land & Buildings Investment Management LLC now owns 8,798,969 shares of the real estate investment trust’s stock valued at $62,649,000 after buying an additional 1,457,755 shares during the period. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Stock Performance

Apartment Investment and Management stock opened at $7.76 on Friday. The company has a 50 day moving average price of $7.74 and a 200-day moving average price of $7.29. The company has a debt-to-equity ratio of 2.73, a quick ratio of 2.18 and a current ratio of 2.18. Apartment Investment and Management has a fifty-two week low of $5.63 and a fifty-two week high of $8.93. The company has a market capitalization of $1.12 billion, a PE ratio of -6.63 and a beta of 1.31.

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

Analyst Ratings Changes

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

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.