Apartment Investment and Management (NYSE:AIV) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. reduced its holdings in Apartment Investment and Management (NYSE:AIV) by 50.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 385,455 shares of the real estate investment trust’s stock after selling 387,197 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.27% of Apartment Investment and Management worth $3,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in Apartment Investment and Management in the fourth quarter valued at $55,000. Xponance Inc. acquired a new position in Apartment Investment and Management in the fourth quarter valued at $93,000. Cerity Partners LLC acquired a new position in Apartment Investment and Management in the fourth quarter valued at $94,000. Cibc World Markets Corp acquired a new position in Apartment Investment and Management in the fourth quarter valued at $118,000. Finally, Metis Global Partners LLC increased its stake in Apartment Investment and Management by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust’s stock valued at $136,000 after purchasing an additional 1,526 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Price Performance

AIV stock opened at $8.23 on Monday. The stock has a 50-day moving average price of $8.12 and a two-hundred day moving average price of $8.55. Apartment Investment and Management has a 12-month low of $6.89 and a 12-month high of $9.49. 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 company has a market cap of $1.17 billion, a PE ratio of -4.76 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. 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 $52.35 million during the quarter, compared to the consensus estimate of $53.64 million. As a group, research analysts predict that Apartment Investment and Management will post -0.8 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, May 12th.

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.