Dark Forest Capital Management LP Buys 7,232 Shares of Apartment Investment and Management (NYSE:AIV)

Dark Forest Capital Management LP lifted its position in Apartment Investment and Management (NYSE:AIV) by 66.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,110 shares of the real estate investment trust’s stock after buying an additional 7,232 shares during the quarter. Dark Forest Capital Management LP’s holdings in Apartment Investment and Management were worth $165,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Apartment Investment and Management by 40.7% during the 3rd quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust’s stock worth $5,948,000 after purchasing an additional 190,440 shares during the last quarter. Tidal Investments LLC increased its position in Apartment Investment and Management by 180.7% during the third quarter. Tidal Investments LLC now owns 40,601 shares of the real estate investment trust’s stock worth $367,000 after buying an additional 26,136 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Apartment Investment and Management by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 719,531 shares of the real estate investment trust’s stock valued at $6,505,000 after buying an additional 63,888 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Apartment Investment and Management by 101.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 81,869 shares of the real estate investment trust’s stock valued at $744,000 after buying an additional 41,293 shares during the last quarter. Finally, abrdn plc boosted its stake in shares of Apartment Investment and Management by 30.6% during the 4th quarter. abrdn plc now owns 37,561 shares of the real estate investment trust’s stock worth $315,000 after acquiring an additional 8,804 shares during the period. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Performance

NYSE AIV opened at $7.81 on Wednesday. The stock has a market cap of $1.11 billion, a PE ratio of -4.51 and a beta of 1.29. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a 50-day moving average of $8.35 and a 200-day moving average of $8.61. Apartment Investment and Management has a 52-week low of $6.89 and a 52-week high of $9.49.

Apartment Investment and Management (NYSE:AIV) last issued 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 net margin of 119.76% and a negative return on equity of 68.04%. The firm had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.11 million. On average, sell-side analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note 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.