Apartment Investment and Management (NYSE:AIV) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in Apartment Investment and Management (NYSE:AIV) by 1.4% in the third quarter, HoldingsChannel.com reports. The firm owned 185,934 shares of the real estate investment trust’s stock after selling 2,712 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Apartment Investment and Management were worth $1,681,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Apartment Investment and Management during the 2nd quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Apartment Investment and Management in the 2nd quarter worth $45,000. Mirae Asset Global Investments Co. Ltd. raised its position in Apartment Investment and Management by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,305 shares during the period. Headlands Technologies LLC purchased a new position in Apartment Investment and Management during the second quarter valued at $104,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Apartment Investment and Management in the third quarter valued at about $105,000. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Stock Down 4.4 %

AIV stock opened at $8.21 on Thursday. The stock has a market capitalization of $1.16 billion, a P/E ratio of -4.75 and a beta of 1.39. Apartment Investment and Management has a 52 week low of $7.06 and a 52 week high of $9.48. The firm has a 50-day simple moving average of $8.68 and a 200-day simple moving average of $8.69. 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 (NYSE:AIV) last announced its earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $53.16 million for the quarter. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. Equities analysts forecast that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

About Apartment Investment and Management

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.