Geode Capital Management LLC Sells 73,373 Shares of Apartment Investment and Management (NYSE:AIV)

Geode Capital Management LLC decreased its holdings in Apartment Investment and Management (NYSE:AIV - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,310,483 shares of the real estate investment trust's stock after selling 73,373 shares during the quarter. Geode Capital Management LLC owned 2.34% of Apartment Investment and Management worth $30,100,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC bought a new stake in shares of Apartment Investment and Management during the 4th quarter worth $8,155,000. Norges Bank acquired a new position in shares of Apartment Investment and Management in the 4th quarter valued at $5,691,000. JPMorgan Chase & Co. boosted its position in shares of Apartment Investment and Management by 34.5% in the 4th quarter. JPMorgan Chase & Co. now owns 967,860 shares of the real estate investment trust's stock valued at $8,798,000 after purchasing an additional 248,329 shares during the period. Barclays PLC increased its stake in Apartment Investment and Management by 40.7% in 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 in the last quarter. Finally, Saybrook Capital NC acquired a new stake in Apartment Investment and Management during the 4th quarter worth about $1,413,000. Institutional investors own 83.26% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Apartment Investment and Management from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th.

Apartment Investment and Management Stock Up 1.9 %

AIV traded up $0.15 during trading on Tuesday, reaching $7.77. 861,402 shares of the stock traded hands, compared to its average volume of 979,269. The stock's 50-day simple moving average is $8.46 and its two-hundred day simple moving average is $8.64. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. Apartment Investment and Management has a fifty-two week low of $6.89 and a fifty-two week high of $9.49. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -4.49 and a beta of 1.29.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.04. The business had revenue of $54.17 million during the quarter, compared to analyst estimates 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 research analysts expect that Apartment Investment and Management will post -0.8 EPS for the current year.

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.