Swiss National Bank Lowers Position in Apartment Investment and Management (NYSE:AIV)

Swiss National Bank cut its position in shares of Apartment Investment and Management (NYSE:AIV) by 2.2% during the 4th quarter, HoldingsChannel reports. The firm owned 250,684 shares of the real estate investment trust’s stock after selling 5,700 shares during the period. Swiss National Bank’s holdings in Apartment Investment and Management were worth $2,279,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Apartment Investment and Management by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,851,566 shares of the real estate investment trust’s stock valued at $16,831,000 after buying an additional 8,713 shares during the period. Rush Island Management LP bought a new position in shares of Apartment Investment and Management in the 3rd quarter worth about $15,999,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Apartment Investment and Management by 2.6% during the 3rd 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 valued at $7,495,000 after acquiring an additional 21,088 shares during the period. JPMorgan Chase & Co. boosted its stake in Apartment Investment and Management by 9.7% during the third quarter. JPMorgan Chase & Co. now owns 719,531 shares of the real estate investment trust’s stock worth $6,505,000 after acquiring an additional 63,888 shares in the last quarter. Finally, Meros Investment Management LP grew 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 worth $6,218,000 after purchasing an additional 178,998 shares during the period. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Stock Up 0.1 %

Shares of NYSE:AIV opened at $8.65 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 fifty day simple moving average of $8.88 and a two-hundred day simple moving average of $8.80. Apartment Investment and Management has a 12-month low of $7.68 and a 12-month high of $9.49. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -5.00 and a beta of 1.40.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $54.17 million during the quarter, compared to analyst estimates of $53.11 million. On average, research analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th.

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.