Long Pond Capital LP Cut Its Apartment Invt & Mgmt Co (AIV) Holding by $20.39 Million as Valuation Declined

February 13, 2018 - By Linda Rogers

Investors sentiment decreased to 1 in Q3 2017. Its down 0.09, from 1.09 in 2017Q2. It dived, as 37 investors sold AIV shares while 96 reduced holdings. 36 funds opened positions while 97 raised stakes. 154.80 million shares or 1.92% more from 151.88 million shares in 2017Q2 were reported. Northern Trust reported 2.33 million shares. Moreover, Riverhead Cap Management Lc has 0.02% invested in Apartment Investment and Management Company (NYSE:AIV). First Quadrant Ltd Partnership Ca owns 96,687 shares for 0.08% of their portfolio. Moreover, City Hldg Company has 0% invested in Apartment Investment and Management Company (NYSE:AIV) for 19 shares. Stifel Fin accumulated 25,773 shares. Westpac Bk holds 0.41% or 419,443 shares. Oregon Employees Retirement Fund stated it has 16,350 shares or 0.01% of all its holdings. Tci Wealth Advisors reported 0% in Apartment Investment and Management Company (NYSE:AIV). Public Sector Pension Investment Board, Quebec – Canada-based fund reported 7,633 shares. Landscape Limited Liability Corporation holds 75,800 shares. Federated Incorporated Pa holds 0% or 3,001 shares. 969,453 were accumulated by Tiaa Cref Investment Management Ltd Limited Liability Company. 10,706 were accumulated by M&T Fincl Bank. Morgan Stanley reported 747,648 shares stake. Kemper Master Retirement Trust invested in 0.2% or 7,725 shares.

Since August 23, 2017, it had 0 buys, and 3 sales for $687,850 activity. 10,000 shares were sold by Kimmel Keith M, worth $460,000. COHN LISA R had sold 2,858 shares worth $119,455 on Friday, January 26.

John Khoury decreased its stake in Apartment Invt & Mgmt Co (AIV) by 7.41% based on its latest 2017Q3 regulatory filing with the SEC. Long Pond Capital Lp sold 474,197 shares as the company’s stock declined 4.38% while stock markets rallied. The hedge fund run by John Khoury held 5.93M shares of the real estate investment trusts company at the end of 2017Q3, valued at $260.04 million, down from 6.40 million at the end of the previous reported quarter. Long Pond Capital Lp who had been investing in Apartment Invt & Mgmt Co for a number of months, seems to be less bullish one the $6.46 billion market cap company. The stock increased 0.03% or $0.01 during the last trading session, reaching $39.28. About 699,739 shares traded. Apartment Investment and Management Company (NYSE:AIV) has risen 4.52% since February 13, 2017 and is uptrending. It has underperformed by 12.18% the S&P500.

Long Pond Capital Lp, which manages about $1.63 billion and $2.77B US Long portfolio, upped its stake in Spirit Rlty Cap Inc New (NYSE:SRC) by 7.53 million shares to 14.99M shares, valued at $128.46 million in 2017Q3, according to the filing. It also increased its holding in Hyatt Hotels Corp (NYSE:H) by 374,704 shares in the quarter, for a total of 3.04M shares, and has risen its stake in Boston Properties Inc (NYSE:BXP).

More important recent Apartment Investment and Management Company (NYSE:AIV) news were published by: Nasdaq.com which released: “Apartment Investment & Management Co. Reveals Rise In Q4 Earnings” on February 01, 2018, also Pehub.com published article titled: “Freshwater Investments buys The Lighthouse Apartments”, Therealdeal.com published: “Aimco appeals court case against Airbnb over LA apartment rentals” on January 26, 2018. More interesting news about Apartment Investment and Management Company (NYSE:AIV) was released by: Nasdaq.com and their article: “RSI Alert: Apartment Investment & Management Now Oversold” with publication date: February 08, 2018.

Apartment Investment and Management Company (NYSE:AIV) Ratings Coverage

Among 17 analysts covering Apartment Investment & Management Co (NYSE:AIV), 5 have Buy rating, 2 Sell and 10 Hold. Therefore 29% are positive. Apartment Investment & Management Co had 50 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird maintained Apartment Investment and Management Company (NYSE:AIV) rating on Tuesday, October 17. Robert W. Baird has “Hold” rating and $46.0 target. On Thursday, October 20 the stock rating was downgraded by JMP Securities to “Mkt Perform”. As per Tuesday, January 9, the company rating was maintained by BMO Capital Markets. As per Thursday, January 12, the company rating was downgraded by BMO Capital Markets. On Wednesday, August 2 the stock rating was maintained by Canaccord Genuity with “Hold”. The stock has “Overweight” rating by Barclays Capital on Wednesday, September 9. On Thursday, October 26 the stock rating was maintained by SunTrust with “Hold”. Mizuho upgraded Apartment Investment and Management Company (NYSE:AIV) on Monday, March 21 to “Buy” rating. The stock of Apartment Investment and Management Company (NYSE:AIV) has “Sector Perform” rating given on Monday, May 2 by RBC Capital Markets. The stock of Apartment Investment and Management Company (NYSE:AIV) earned “Buy” rating by Janney Capital on Wednesday, September 9.

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