Vanguard Group Inc. lowered its stake in Apartment Investment and Management (NYSE:AIV - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,127,816 shares of the real estate investment trust's stock after selling 348,425 shares during the quarter. Vanguard Group Inc. owned about 13.54% of Apartment Investment and Management worth $173,872,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in AIV. Charles Schwab Investment Management Inc. lifted its position in Apartment Investment and Management by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,842,853 shares of the real estate investment trust's stock valued at $16,659,000 after acquiring an additional 44,668 shares in the last quarter. FMR LLC raised its stake in shares of Apartment Investment and Management by 39.8% in the 3rd quarter. FMR LLC now owns 15,438 shares of the real estate investment trust's stock valued at $140,000 after purchasing an additional 4,399 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Apartment Investment and Management by 10.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,006 shares of the real estate investment trust's stock valued at $506,000 after purchasing an additional 5,499 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Apartment Investment and Management by 2.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 829,121 shares of the real estate investment trust's stock worth $7,495,000 after buying an additional 21,088 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Apartment Investment and Management by 2.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 167,300 shares of the real estate investment trust's stock worth $1,512,000 after buying an additional 3,600 shares in the last quarter. Institutional investors and hedge funds own 83.26% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Apartment Investment and Management from a "sell" rating to a "hold" rating in a research report on Wednesday, February 26th.
Get Our Latest Stock Analysis on Apartment Investment and Management
Apartment Investment and Management Stock Up 1.3 %
Apartment Investment and Management stock traded up $0.10 during mid-day trading on Friday, reaching $7.60. The company's stock had a trading volume of 1,035,243 shares, compared to its average volume of 975,933. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35. Apartment Investment and Management has a 12 month low of $6.89 and a 12 month high of $9.49. The business's 50 day simple moving average is $8.62 and its 200 day simple moving average is $8.70. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -4.39 and a beta of 1.29.
Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.04. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The company had revenue of $54.17 million during the quarter, compared to analysts' expectations of $53.11 million. As a group, research analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current year.
Apartment Investment and Management Company Profile
(
Free Report)
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.
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