AlphaQuest LLC Raises Stake in Apartment Investment and Management (NYSE:AIV)

AlphaQuest LLC lifted its position in shares of Apartment Investment and Management (NYSE:AIV) by 43.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,777 shares of the real estate investment trust’s stock after buying an additional 19,028 shares during the quarter. AlphaQuest LLC’s holdings in Apartment Investment and Management were worth $571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Apartment Investment and Management by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,851,566 shares of the real estate investment trust’s stock worth $16,831,000 after buying an additional 8,713 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of Apartment Investment and Management by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 1,526 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of Apartment Investment and Management by 60.7% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 96,460 shares of the real estate investment trust’s stock worth $877,000 after buying an additional 36,432 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Apartment Investment and Management by 1.1% during the fourth quarter. Rhumbline Advisers now owns 240,900 shares of the real estate investment trust’s stock worth $2,190,000 after buying an additional 2,659 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Apartment Investment and Management by 2.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 190,795 shares of the real estate investment trust’s stock worth $1,587,000 after buying an additional 4,173 shares in the last quarter. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Investment and Management Trading Down 0.1 %

Shares of AIV stock opened at $8.91 on Thursday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -5.15 and a beta of 1.40. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. Apartment Investment and Management has a fifty-two week low of $7.31 and a fifty-two week high of $9.48. The firm’s 50 day moving average price is $8.93 and its two-hundred day moving average price is $8.83.

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 for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. The firm had revenue of $54.17 million for the quarter, compared to analysts’ expectations of $53.11 million. On average, analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current year.

Apartment Investment and Management Dividend Announcement

The company also recently announced a special dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, January 14th. Apartment Investment and Management’s payout ratio is currently -136.49%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th.

Apartment Investment and Management 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.