Pictet Asset Management Holding SA Cuts Position in Apartment Investment and Management (NYSE:AIV)

Pictet Asset Management Holding SA decreased its stake in Apartment Investment and Management (NYSE:AIV) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,153 shares of the real estate investment trust’s stock after selling 4,181 shares during the period. Pictet Asset Management Holding SA’s holdings in Apartment Investment and Management were worth $383,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of AIV. Charles Schwab Investment Management Inc. increased its holdings in Apartment Investment and Management by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,851,566 shares of the real estate investment trust’s stock worth $16,831,000 after acquiring an additional 8,713 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Apartment Investment and Management by 34.5% during the fourth quarter. JPMorgan Chase & Co. now owns 967,860 shares of the real estate investment trust’s stock worth $8,798,000 after purchasing an additional 248,329 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in shares of Apartment Investment and Management in the fourth quarter worth about $8,155,000. Meros Investment Management LP boosted its holdings in Apartment Investment and Management by 35.2% in the 3rd quarter. Meros Investment Management LP now owns 687,817 shares of the real estate investment trust’s stock worth $6,218,000 after buying an additional 178,998 shares during the period. Finally, Barclays PLC grew 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 valued at $5,948,000 after buying an additional 190,440 shares in the last quarter. 83.26% of the stock is owned by institutional investors.

Apartment Investment and Management Stock Up 5.2 %

Shares of NYSE AIV opened at $7.62 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. The company has a market cap of $1.08 billion, a P/E ratio of -4.40 and a beta of 1.29. Apartment Investment and Management has a 52 week low of $6.89 and a 52 week high of $9.49. The business has a 50-day simple moving average of $8.68 and a two-hundred day simple moving average of $8.72.

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 (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04. The business had revenue of $54.17 million for the quarter, compared to analysts’ expectations 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%. Research analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised 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.