Mutual of America Capital Management LLC Has $2.85 Million Stake in Apartment Investment and Management (NYSE:AIV)

Mutual of America Capital Management LLC cut its position in shares of Apartment Investment and Management (NYSE:AIV) by 2.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 314,670 shares of the real estate investment trust’s stock after selling 8,550 shares during the quarter. Mutual of America Capital Management LLC owned 0.22% of Apartment Investment and Management worth $2,845,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of Apartment Investment and Management by 9.9% in the second quarter. Millennium Management LLC now owns 6,001,979 shares of the real estate investment trust’s stock valued at $49,756,000 after purchasing an additional 538,330 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Apartment Investment and Management during the 2nd quarter worth about $3,921,000. DigitalBridge Group Inc. increased its position in shares of Apartment Investment and Management by 20.1% in the second quarter. DigitalBridge Group Inc. now owns 1,893,949 shares of the real estate investment trust’s stock valued at $15,701,000 after acquiring an additional 316,790 shares during the last quarter. Quest Partners LLC raised its holdings in Apartment Investment and Management by 354.8% during the second quarter. Quest Partners LLC now owns 220,350 shares of the real estate investment trust’s stock worth $1,827,000 after acquiring an additional 171,905 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Apartment Investment and Management by 357.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 207,939 shares of the real estate investment trust’s stock valued at $1,880,000 after purchasing an additional 162,518 shares during the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Stock Up 0.7 %

AIV stock opened at $8.84 on Friday. Apartment Investment and Management has a twelve month low of $6.74 and a twelve month high of $9.48. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -5.11 and a beta of 1.39. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. The business has a 50 day moving average price of $8.78 and a two-hundred day moving average price of $8.61.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The firm had revenue of $53.16 million for the quarter. Analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

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.