Land & Buildings Investment Management LLC Grows Holdings in Apartment Investment and Management (NYSE:AIV)

Land & Buildings Investment Management LLC grew its stake in shares of Apartment Investment and Management (NYSE:AIV) by 77.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,074,160 shares of the real estate investment trust’s stock after buying an additional 1,338,921 shares during the quarter. Apartment Investment and Management comprises 5.7% of Land & Buildings Investment Management LLC’s holdings, making the stock its 8th biggest position. Land & Buildings Investment Management LLC owned about 2.18% of Apartment Investment and Management worth $27,944,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AIV. Argosy Lionbridge Management LLC acquired a new position in shares of Apartment Investment and Management in the 4th quarter worth approximately $21,226,000. Landmark Investment Partners L.P. acquired a new position in shares of Apartment Investment and Management in the 4th quarter worth approximately $12,447,000. Thompson Siegel & Walmsley LLC acquired a new position in shares of Apartment Investment and Management in the 4th quarter worth approximately $8,155,000. Crestline Management LP acquired a new position in shares of Apartment Investment and Management in the 4th quarter worth approximately $5,775,000. Finally, Uniplan Investment Counsel Inc. grew its stake in shares of Apartment Investment and Management by 203.6% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 942,251 shares of the real estate investment trust’s stock worth $8,565,000 after purchasing an additional 631,893 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors.

Apartment Investment and Management Stock Performance

Shares of AIV opened at $7.86 on Monday. The company’s 50 day moving average price is $8.20 and its 200 day moving average price is $8.57. Apartment Investment and Management has a 52 week low of $6.89 and a 52 week high of $9.49. The company has a market capitalization of $1.12 billion, a PE ratio of -4.54 and a beta of 1.38. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.02. The company had revenue of $52.35 million for the quarter, compared to analyst estimates of $53.64 million. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. Research analysts expect that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Apartment Investment and Management Company Profile

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.