Y Intercept Hong Kong Ltd Has $877,000 Holdings in Apartment Investment and Management (NYSE:AIV)

Y Intercept Hong Kong Ltd lifted its stake in shares of Apartment Investment and Management (NYSE:AIV) by 60.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 96,460 shares of the real estate investment trust’s stock after purchasing an additional 36,432 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Apartment Investment and Management were worth $877,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AIV. Rush Island Management LP acquired a new position in shares of Apartment Investment and Management during the third quarter worth $15,999,000. Barclays PLC increased its holdings in Apartment Investment and Management by 40.7% in the third quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust’s stock valued at $5,948,000 after purchasing an additional 190,440 shares during the period. Meros Investment Management LP increased its holdings in Apartment Investment and Management by 35.2% in the third quarter. Meros Investment Management LP now owns 687,817 shares of the real estate investment trust’s stock valued at $6,218,000 after purchasing an additional 178,998 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Apartment Investment and Management by 357.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 207,939 shares of the real estate investment trust’s stock valued at $1,880,000 after purchasing an additional 162,518 shares during the period. Finally, Algert Global LLC increased its holdings in Apartment Investment and Management by 570.7% in the third quarter. Algert Global LLC now owns 87,860 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 74,760 shares during the period. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Performance

Shares of AIV opened at $8.86 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28. The stock has a market capitalization of $1.25 billion, a P/E ratio of -5.12 and a beta of 1.38. The firm’s fifty day simple moving average is $8.85 and its two-hundred day simple moving average is $8.82. Apartment Investment and Management has a 12 month low of $7.17 and a 12 month high of $9.48.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The business had revenue of $54.17 million for the quarter, compared to analysts’ expectations of $53.11 million. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. As a group, analysts predict that Apartment Investment and Management will post -0.8 EPS for the current year.

Apartment Investment and Management Announces Dividend

The company also recently declared a special dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, January 14th. Apartment Investment and Management’s dividend payout ratio (DPR) is currently -136.49%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Wednesday.

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.