Sumitomo Mitsui Trust Group Inc. Cuts Holdings in Apartment Investment and Management (NYSE:AIV)

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Apartment Investment and Management (NYSE:AIV) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,152 shares of the real estate investment trust’s stock after selling 4,617 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.10% of Apartment Investment and Management worth $1,330,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of AIV. Lazard Asset Management LLC acquired a new position in shares of Apartment Investment and Management during the first quarter worth $38,000. Quarry LP acquired a new position in shares of Apartment Investment and Management in the 2nd quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Apartment Investment and Management during the 2nd quarter worth approximately $45,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 buying an additional 1,305 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Apartment Investment and Management during the second quarter valued at $104,000. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

Shares of Apartment Investment and Management stock opened at $8.83 on Wednesday. The firm has a market cap of $1.25 billion, a PE ratio of -5.10 and a beta of 1.39. Apartment Investment and Management has a twelve month low of $6.49 and a twelve month high of $9.48. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. The business has a 50-day moving average price of $8.80 and a 200 day moving average price of $8.60.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The company had revenue of $53.16 million during the quarter. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. Sell-side 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.