Apartment Investment and Management (NYSE:AIV) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its holdings in Apartment Investment and Management (NYSE:AIV) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 845,244 shares of the real estate investment trust’s stock after selling 101,722 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.60% of Apartment Investment and Management worth $7,683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AIV. Metis Global Partners LLC lifted its holdings in shares of Apartment Investment and Management by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 1,526 shares during the last quarter. Van ECK Associates Corp increased its position in Apartment Investment and Management by 7.8% in the fourth quarter. Van ECK Associates Corp now owns 26,347 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 1,901 shares during the period. Rhumbline Advisers lifted its stake in Apartment Investment and Management by 1.1% in the fourth quarter. Rhumbline Advisers now owns 240,900 shares of the real estate investment trust’s stock valued at $2,190,000 after buying an additional 2,659 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted 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 valued at $1,512,000 after acquiring an additional 3,600 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of Apartment Investment and Management by 2.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 190,795 shares of the real estate investment trust’s stock worth $1,587,000 after acquiring an additional 4,173 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Apartment Investment and Management Stock Performance

Shares of NYSE AIV opened at $7.85 on Monday. Apartment Investment and Management has a 12-month low of $7.68 and a 12-month high of $9.49. The company has a market cap of $1.11 billion, a PE ratio of -4.53 and a beta of 1.29. The stock has a 50 day simple moving average of $8.83 and a 200-day simple moving average of $8.78. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The company had revenue of $54.17 million during the quarter, compared to analyst estimates of $53.11 million. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. On average, equities research analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current year.

Apartment Investment and Management 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.