Y Intercept Hong Kong Ltd Sells 58,556 Shares of Apartment Investment and Management (NYSE:AIV)

Y Intercept Hong Kong Ltd reduced its stake in Apartment Investment and Management (NYSE:AIV) by 49.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 60,028 shares of the real estate investment trust’s stock after selling 58,556 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Apartment Investment and Management were worth $543,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AIV. Quarry LP purchased a new position in shares of Apartment Investment and Management in the 2nd quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Apartment Investment and Management during the second quarter worth $45,000. Mirae Asset Global Investments Co. Ltd. boosted its position in 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 last quarter. Headlands Technologies LLC bought a new position in Apartment Investment and Management in the 2nd quarter valued at $104,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Apartment Investment and Management during the 3rd quarter valued at $105,000. 83.26% of the stock is currently owned by institutional investors.

Apartment Investment and Management Trading Down 2.2 %

NYSE AIV opened at $8.62 on Monday. The business’s fifty day moving average is $8.68 and its 200-day moving average is $8.68. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -4.98 and a beta of 1.39. Apartment Investment and Management has a one year low of $7.06 and a one year high of $9.48.

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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The company had revenue of $53.16 million for the quarter. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. Equities research analysts predict that Apartment Investment and Management will post -0.8 EPS for the current 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.