Bleakley Financial Group LLC Has $1.19 Million Position in Apartment Investment and Management (NYSE:AIV)

Bleakley Financial Group LLC raised its stake in shares of Apartment Investment and Management (NYSE:AIV) by 101.0% during the 1st quarter, HoldingsChannel reports. The firm owned 144,803 shares of the real estate investment trust’s stock after purchasing an additional 72,777 shares during the quarter. Bleakley Financial Group LLC’s holdings in Apartment Investment and Management were worth $1,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Quest Partners LLC bought a new stake in Apartment Investment and Management during the 4th quarter valued at approximately $860,000. New York Life Investment Management LLC boosted its position in shares of Apartment Investment and Management by 37.5% in the fourth quarter. New York Life Investment Management LLC now owns 67,564 shares of the real estate investment trust’s stock valued at $529,000 after acquiring an additional 18,422 shares during the period. Van ECK Associates Corp grew its stake in shares of Apartment Investment and Management by 18.0% in the fourth quarter. Van ECK Associates Corp now owns 20,496 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 3,127 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its position in Apartment Investment and Management by 31.0% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 72,823 shares of the real estate investment trust’s stock worth $570,000 after acquiring an additional 17,250 shares during the period. Finally, Hsbc Holdings PLC increased its position in Apartment Investment and Management by 20.7% during the fourth quarter. Hsbc Holdings PLC now owns 74,060 shares of the real estate investment trust’s stock worth $580,000 after acquiring an additional 12,686 shares during the period. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Stock Performance

Apartment Investment and Management stock traded down $0.07 during mid-day trading on Wednesday, reaching $9.04. The company had a trading volume of 912,889 shares, compared to its average volume of 1,001,959. The company has a debt-to-equity ratio of 2.92, a current ratio of 1.51 and a quick ratio of 1.51. The company has a 50 day moving average of $8.17 and a 200-day moving average of $7.91. Apartment Investment and Management has a 52 week low of $5.63 and a 52 week high of $9.14.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.02. Apartment Investment and Management had a negative net margin of 86.84% and a negative return on equity of 33.35%. The business had revenue of $50.20 million during the quarter, compared to analysts’ expectations of $49.85 million.

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.