Apartment Investment and Management (NYSE:AIV) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its position in Apartment Investment and Management (NYSE:AIV) by 20.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,060 shares of the real estate investment trust’s stock after buying an additional 12,686 shares during the period. Hsbc Holdings PLC’s holdings in Apartment Investment and Management were worth $580,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Russell Investments Group Ltd. boosted its holdings in Apartment Investment and Management by 398.2% in the fourth quarter. Russell Investments Group Ltd. now owns 5,092 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 4,070 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Apartment Investment and Management by 41.6% in the fourth quarter. Mackenzie Financial Corp now owns 14,476 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 4,252 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Apartment Investment and Management by 39.2% in the third quarter. Principal Financial Group Inc. now owns 21,945 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 6,185 shares in the last quarter. QRG Capital Management Inc. acquired a new position in Apartment Investment and Management during the 3rd quarter worth $151,000. Finally, Fox Run Management L.L.C. increased its position in shares of Apartment Investment and Management by 8.7% in the 3rd quarter. Fox Run Management L.L.C. now owns 23,332 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 1,876 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AIV has been the topic of several research analyst reports. StockNews.com cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. TheStreet raised Apartment Investment and Management from a “d+” rating to a “c-” rating in a report on Tuesday, January 16th.

Apartment Investment and Management Stock Up 1.1 %

AIV stock traded up $0.09 during trading on Friday, hitting $8.20. 756,819 shares of the company’s stock traded hands, compared to its average volume of 1,096,069. Apartment Investment and Management has a 52 week low of $5.63 and a 52 week high of $8.93. The stock has a fifty day moving average price of $7.84 and a two-hundred day moving average price of $7.41. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 2.73.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($1.01). The business had revenue of $49.35 million during the quarter. Apartment Investment and Management had a negative net margin of 88.87% and a negative return on equity of 30.04%.

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.