Saybrook Capital NC Makes New Investment in Apartment Investment and Management (NYSE:AIV)

Saybrook Capital NC purchased a new position in shares of Apartment Investment and Management (NYSE:AIV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 155,500 shares of the real estate investment trust’s stock, valued at approximately $1,413,000. Apartment Investment and Management accounts for about 0.4% of Saybrook Capital NC’s investment portfolio, making the stock its 26th largest holding. Saybrook Capital NC owned approximately 0.11% of Apartment Investment and Management at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Landscape Capital Management L.L.C. acquired a new stake in shares of Apartment Investment and Management during the 3rd quarter valued at about $105,000. Metis Global Partners LLC grew its position in shares of Apartment Investment and Management by 27.4% during the 3rd quarter. Metis Global Partners LLC now owns 13,419 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 2,882 shares during the period. FMR LLC grew its position in shares of Apartment Investment and Management by 39.8% during the 3rd quarter. FMR LLC now owns 15,438 shares of the real estate investment trust’s stock valued at $140,000 after acquiring an additional 4,399 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Apartment Investment and Management during the 3rd quarter valued at about $209,000. Finally, Entropy Technologies LP acquired a new stake in shares of Apartment Investment and Management during the 4th quarter valued at about $212,000. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Trading Down 0.7 %

AIV stock opened at $8.81 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28. Apartment Investment and Management has a 12-month low of $7.31 and a 12-month high of $9.48. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -5.09 and a beta of 1.40. The business’s 50-day moving average is $8.93 and its 200 day moving average is $8.83.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The company had revenue of $54.17 million for the quarter, compared to analysts’ expectations of $53.11 million. On average, sell-side analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Apartment Investment and Management Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 14th were issued a $0.60 dividend. The ex-dividend date was Tuesday, January 14th. Apartment Investment and Management’s payout ratio is -136.49%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th.

About Apartment Investment and Management

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.