CANADA LIFE ASSURANCE Co Purchases 1,496 Shares of Apartment Investment and Management (NYSE:AIV)

CANADA LIFE ASSURANCE Co raised its stake in Apartment Investment and Management (NYSE:AIV) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 161,046 shares of the real estate investment trust’s stock after acquiring an additional 1,496 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.11% of Apartment Investment and Management worth $1,462,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Marshall Wace LLP bought a new position in shares of Apartment Investment and Management during the fourth quarter worth approximately $684,000. XTX Topco Ltd acquired a new position in shares of Apartment Investment and Management during the 4th quarter worth $220,000. Quinn Opportunity Partners LLC increased its holdings in Apartment Investment and Management by 11.5% in the 4th quarter. Quinn Opportunity Partners LLC now owns 251,207 shares of the real estate investment trust’s stock worth $2,283,000 after purchasing an additional 25,910 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Apartment Investment and Management by 98.6% in the 4th quarter. Renaissance Technologies LLC now owns 321,440 shares of the real estate investment trust’s stock worth $2,922,000 after purchasing an additional 159,600 shares in the last quarter. Finally, Cerity Partners LLC acquired a new position in Apartment Investment and Management in the 4th quarter worth about $94,000. 83.26% of the stock is owned by institutional investors.

Apartment Investment and Management Stock Up 0.6 %

Shares of Apartment Investment and Management stock opened at $7.77 on Tuesday. Apartment Investment and Management has a one year low of $6.89 and a one year high of $9.49. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. The stock’s 50-day moving average is $8.37 and its 200 day moving average is $8.61. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -4.49 and a beta of 1.29.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 68.04% and a negative net margin of 119.76%. Equities research analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th.

About Apartment Investment and Management

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.