Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stake in Apartment Investment and Management (NYSE:AIV)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Apartment Investment and Management (NYSE:AIV) by 79.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,908 shares of the real estate investment trust’s stock after purchasing an additional 19,922 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Apartment Investment and Management were worth $408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Xponance Inc. purchased a new position in Apartment Investment and Management in the fourth quarter valued at about $93,000. Cibc World Markets Corp purchased a new position in Apartment Investment and Management in the 4th quarter valued at approximately $118,000. Metis Global Partners LLC raised its holdings in Apartment Investment and Management by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 1,526 shares during the last quarter. FMR LLC boosted its position in Apartment Investment and Management by 39.8% during the third quarter. FMR LLC now owns 15,438 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 4,399 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in Apartment Investment and Management in the fourth quarter valued at $212,000. Institutional investors and hedge funds own 83.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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 Stock Up 0.1 %

AIV stock opened at $8.65 on Friday. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. Apartment Investment and Management has a 12 month low of $7.68 and a 12 month high of $9.49. The firm has a market capitalization of $1.23 billion, a PE ratio of -5.00 and a beta of 1.40. The company’s 50 day simple moving average is $8.88 and its 200-day simple moving average is $8.80.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share 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 during the quarter, compared to the consensus estimate of $53.11 million. Equities analysts expect that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

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.