Alliancebernstein L.P. Sells 4,074 Shares of Apartment Investment and Management (NYSE:AIV)

Alliancebernstein L.P. decreased its holdings in Apartment Investment and Management (NYSE:AIV) by 2.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 174,918 shares of the real estate investment trust’s stock after selling 4,074 shares during the period. Alliancebernstein L.P.’s holdings in Apartment Investment and Management were worth $1,590,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Xponance Inc. bought a new position in shares of Apartment Investment and Management during the 4th quarter valued at $93,000. Cibc World Markets Corp bought a new position in shares of Apartment Investment and Management in the fourth quarter worth approximately $118,000. Metis Global Partners LLC increased its stake in 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 buying an additional 1,526 shares in the last quarter. FMR LLC raised its position in shares of 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 valued at $140,000 after buying an additional 4,399 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Apartment Investment and Management during the fourth quarter valued at about $212,000. 83.26% of the stock is currently owned by institutional investors.

Apartment Investment and Management Trading Up 2.1 %

Shares of AIV stock opened at $7.83 on Friday. The company has a market cap of $1.11 billion, a PE ratio of -4.53 and a beta of 1.29. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. The stock’s 50 day simple moving average is $8.53 and its two-hundred day simple moving average is $8.66. Apartment Investment and Management has a 1 year low of $6.89 and a 1 year high of $9.49.

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

Wall Street Analyst Weigh In

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.