Vanguard Group Inc. Reduces Position in Apartment Investment and Management (NYSE:AIV)

Vanguard Group Inc. reduced its position in shares of Apartment Investment and Management (NYSE:AIV) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,127,816 shares of the real estate investment trust’s stock after selling 348,425 shares during the period. Vanguard Group Inc. owned about 0.14% of Apartment Investment and Management worth $173,872,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in Apartment Investment and Management by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,842,853 shares of the real estate investment trust’s stock worth $16,659,000 after buying an additional 44,668 shares during the last quarter. FMR LLC lifted its stake in Apartment Investment and Management by 39.8% during the third quarter. FMR LLC now owns 15,438 shares of the real estate investment trust’s stock worth $140,000 after purchasing an additional 4,399 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Apartment Investment and Management by 10.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,006 shares of the real estate investment trust’s stock worth $506,000 after purchasing an additional 5,499 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Apartment Investment and Management by 2.6% in 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 valued at $7,495,000 after purchasing an additional 21,088 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Apartment Investment and Management by 2.2% in 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 purchasing an additional 3,600 shares during the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

Shares of AIV opened at $7.85 on Monday. 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 1-year low of $7.68 and a 1-year high of $9.49. The stock has a market cap of $1.11 billion, a PE ratio of -4.53 and a beta of 1.29. The firm has a fifty day moving average price of $8.83 and a 200 day moving average price of $8.78.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results 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. The business had revenue of $54.17 million during the quarter, compared to the consensus estimate 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%. As a group, sell-side analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current year.

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.

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.