State of Alaska Department of Revenue Decreases Stake in Apartment Investment and Management (NYSE:AIV)

State of Alaska Department of Revenue cut its stake in shares of Apartment Investment and Management (NYSE:AIV) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,744 shares of the real estate investment trust’s stock after selling 1,418 shares during the quarter. State of Alaska Department of Revenue’s holdings in Apartment Investment and Management were worth $537,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AIV. Vanguard Group Inc. lifted its stake in Apartment Investment and Management by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 22,189,450 shares of the real estate investment trust’s stock valued at $162,427,000 after acquiring an additional 764,126 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Apartment Investment and Management by 2.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,952,941 shares of the real estate investment trust’s stock valued at $138,059,000 after purchasing an additional 513,565 shares during the period. BlackRock Inc. boosted its holdings in Apartment Investment and Management by 0.9% in the second quarter. BlackRock Inc. now owns 14,156,065 shares of the real estate investment trust’s stock valued at $120,610,000 after purchasing an additional 132,941 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Apartment Investment and Management by 95.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 11,540,204 shares of the real estate investment trust’s stock worth $73,858,000 after purchasing an additional 5,629,405 shares during the period. Finally, Land & Buildings Investment Management LLC raised its stake in shares of Apartment Investment and Management by 19.9% during the 4th 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 last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Stock Down 1.5 %

AIV stock opened at $8.11 on Friday. Apartment Investment and Management has a one year low of $5.63 and a one year high of $8.93. The company has a debt-to-equity ratio of 2.73, a quick ratio of 2.18 and a current ratio of 2.18. The firm’s fifty day moving average is $7.71 and its 200 day moving average is $7.26. The firm has a market cap of $1.17 billion, a PE ratio of -6.93 and a beta of 1.31.

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

Analysts Set New Price Targets

A number of analysts have recently commented on AIV shares. StockNews.com downgraded Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. TheStreet upgraded Apartment Investment and Management from a “d+” rating to a “c-” rating in a research report on Tuesday, January 16th.

Apartment Investment and Management 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.