Meros Investment Management LP Buys 178,998 Shares of Apartment Investment and Management (NYSE:AIV)

Meros Investment Management LP increased its position in Apartment Investment and Management (NYSE:AIV) by 35.2% in the third quarter, Holdings Channel.com reports. The fund owned 687,817 shares of the real estate investment trust’s stock after acquiring an additional 178,998 shares during the quarter. Apartment Investment and Management makes up about 2.8% of Meros Investment Management LP’s holdings, making the stock its 14th biggest holding. Meros Investment Management LP’s holdings in Apartment Investment and Management were worth $6,218,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AIV. Daiwa Securities Group Inc. lifted its stake in Apartment Investment and Management by 2.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 42,923 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 1,220 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Apartment Investment and Management by 34.8% in 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 purchasing an additional 1,305 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Apartment Investment and Management by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 72,999 shares of the real estate investment trust’s stock worth $605,000 after buying an additional 1,541 shares in the last quarter. Van ECK Associates Corp boosted its stake in Apartment Investment and Management by 12.3% during the third quarter. Van ECK Associates Corp now owns 24,446 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 2,683 shares during the period. Finally, abrdn plc grew its position in Apartment Investment and Management by 10.5% during the third quarter. abrdn plc now owns 28,757 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 2,744 shares in the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

Shares of NYSE AIV opened at $8.74 on Wednesday. The stock’s 50-day simple moving average is $8.68 and its two-hundred day simple moving average is $8.66. Apartment Investment and Management has a twelve month low of $7.06 and a twelve month high of $9.48. The firm has a market capitalization of $1.23 billion, a P/E ratio of -5.05 and a beta of 1.39. 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 posted its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The company had revenue of $53.16 million during the quarter. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. As a group, equities analysts anticipate that Apartment Investment and Management will post -0.8 EPS 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.