Irenic Capital Management LP Acquires 19,577 Shares of Apartment Investment and Management (NYSE:AIV)

Irenic Capital Management LP boosted its holdings in Apartment Investment and Management (NYSE:AIV) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,812,595 shares of the real estate investment trust’s stock after purchasing an additional 19,577 shares during the quarter. Apartment Investment and Management comprises approximately 3.7% of Irenic Capital Management LP’s portfolio, making the stock its 9th biggest position. Irenic Capital Management LP owned approximately 2.70% of Apartment Investment and Management worth $34,656,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in AIV. Argosy Lionbridge Management LLC acquired a new position in shares of Apartment Investment and Management in the 4th quarter valued at $21,226,000. Charles Schwab Investment Management Inc. boosted its stake in Apartment Investment and Management by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,851,566 shares of the real estate investment trust’s stock valued at $16,831,000 after acquiring an additional 8,713 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Apartment Investment and Management by 23.5% during the fourth quarter. Northern Trust Corp now owns 1,556,186 shares of the real estate investment trust’s stock worth $14,146,000 after purchasing an additional 296,488 shares during the last quarter. Landmark Investment Partners L.P. acquired a new stake in shares of Apartment Investment and Management during the fourth quarter worth about $12,447,000. Finally, JPMorgan Chase & Co. increased its position in shares of Apartment Investment and Management by 34.5% during the fourth quarter. JPMorgan Chase & Co. now owns 967,860 shares of the real estate investment trust’s stock worth $8,798,000 after purchasing an additional 248,329 shares in the last quarter. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Investment and Management Stock Performance

Shares of Apartment Investment and Management stock opened at $7.86 on Friday. The firm’s fifty day simple moving average is $8.20 and its 200-day simple moving average is $8.57. Apartment Investment and Management has a 12 month low of $6.89 and a 12 month high of $9.49. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -4.54 and a beta of 1.38. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. The company had revenue of $52.35 million for the quarter, compared to analyst estimates of $53.64 million. As a group, equities analysts forecast that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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