Legal & General Group Plc Sells 220,669 Shares of Apartment Investment and Management (NYSE:AIV)

Legal & General Group Plc reduced its stake in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 27.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 585,642 shares of the real estate investment trust's stock after selling 220,669 shares during the quarter. Legal & General Group Plc owned approximately 0.41% of Apartment Investment and Management worth $5,323,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AIV. Charles Schwab Investment Management Inc. lifted its position in Apartment Investment and Management by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,851,566 shares of the real estate investment trust's stock worth $16,831,000 after buying an additional 8,713 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Apartment Investment and Management by 34.5% in the fourth quarter. JPMorgan Chase & Co. now owns 967,860 shares of the real estate investment trust's stock worth $8,798,000 after acquiring an additional 248,329 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Apartment Investment and Management during the fourth quarter worth $8,155,000. Barclays PLC boosted its position in Apartment Investment and Management by 40.7% during 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 last quarter. Finally, Norges Bank acquired a new stake in Apartment Investment and Management during the fourth quarter valued at $5,691,000. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Up 0.1 %

AIV traded up $0.01 during midday trading on Thursday, hitting $7.78. 367,277 shares of the company's stock traded hands, compared to its average volume of 977,025. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market cap of $1.10 billion, a PE ratio of -4.49 and a beta of 1.29. The stock's fifty day simple moving average is $8.44 and its 200-day simple moving average is $8.63. Apartment Investment and Management has a one year low of $6.89 and a one year high of $9.49.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share 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 the consensus estimate 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, equities analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Apartment Investment and Management from a "sell" rating to a "hold" rating in a research report 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.