Nomura Asset Management Co. Ltd. Raises Stock Position in Apartment Investment and Management (NYSE:AIV)

Nomura Asset Management Co. Ltd. lifted its stake in Apartment Investment and Management (NYSE:AIV) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,300 shares of the real estate investment trust’s stock after purchasing an additional 3,600 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Apartment Investment and Management were worth $1,512,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AIV. Quarry LP bought a new position in Apartment Investment and Management in the second quarter worth about $39,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Apartment Investment and Management by 34.8% in the 3rd 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Apartment Investment and Management in the 2nd quarter valued at approximately $45,000. Landscape Capital Management L.L.C. bought a new stake in shares of Apartment Investment and Management during the third quarter valued at approximately $105,000. Finally, Headlands Technologies LLC purchased a new stake in Apartment Investment and Management in the second quarter worth $104,000. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

AIV opened at $8.62 on Friday. Apartment Investment and Management has a 12-month low of $7.06 and a 12-month high of $9.48. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -4.98 and a beta of 1.39. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28. The stock has a fifty day simple moving average of $8.68 and a two-hundred day simple moving average of $8.67.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $53.16 million during the quarter. Research analysts predict that Apartment Investment and Management will post -0.8 earnings per share 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.