Mather Group LLC. Sells 26,496 Shares of Apartment Investment and Management (NYSE:AIV)

Mather Group LLC. trimmed its holdings in Apartment Investment and Management (NYSE:AIV) by 48.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,760 shares of the real estate investment trust’s stock after selling 26,496 shares during the period. Mather Group LLC.’s holdings in Apartment Investment and Management were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Russell Investments Group Ltd. grew its stake in Apartment Investment and Management by 398.2% in the 4th quarter. Russell Investments Group Ltd. now owns 5,092 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 4,070 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Apartment Investment and Management by 41.6% during the fourth quarter. Mackenzie Financial Corp now owns 14,476 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 4,252 shares during the period. Principal Financial Group Inc. raised its position in shares of Apartment Investment and Management by 39.2% in the third quarter. Principal Financial Group Inc. now owns 21,945 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 6,185 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Apartment Investment and Management in the third quarter valued at approximately $151,000. Finally, Fox Run Management L.L.C. grew its position in Apartment Investment and Management by 8.7% during the third quarter. Fox Run Management L.L.C. now owns 23,332 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 1,876 shares in the last quarter. 83.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Apartment Investment and Management Stock Up 1.1 %

NYSE AIV opened at $8.20 on Friday. Apartment Investment and Management has a fifty-two week low of $5.63 and a fifty-two week high of $8.93. The business has a fifty day moving average price of $7.84 and a two-hundred day moving average price of $7.41. The company has a debt-to-equity ratio of 2.73, a current ratio of 2.18 and a quick ratio of 2.18. The stock has a market capitalization of $1.19 billion, a PE ratio of -7.01 and a beta of 1.30.

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

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.