Swiss National Bank Sells 5,700 Shares of Apartment Investment and Management (NYSE:AIV)

Swiss National Bank lessened its stake in Apartment Investment and Management (NYSE:AIV) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,684 shares of the real estate investment trust’s stock after selling 5,700 shares during the period. Swiss National Bank owned about 0.18% of Apartment Investment and Management worth $2,279,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AIV. Metis Global Partners LLC lifted its position 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. FMR LLC increased its stake in shares of Apartment Investment and Management by 39.8% in the third quarter. FMR LLC now owns 15,438 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 4,399 shares during the period. Entropy Technologies LP bought a new stake in Apartment Investment and Management during the 4th quarter valued at $212,000. Van ECK Associates Corp boosted its position in Apartment Investment and Management by 7.8% during the 4th quarter. Van ECK Associates Corp now owns 26,347 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 1,901 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Apartment Investment and Management in the 3rd quarter worth $286,000. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Apartment Investment and Management Trading Up 0.1 %

NYSE AIV opened at $8.65 on Friday. The stock has a market cap of $1.23 billion, a P/E ratio of -5.00 and a beta of 1.40. Apartment Investment and Management has a fifty-two week low of $7.68 and a fifty-two week high of $9.49. The stock has a 50 day simple moving average of $8.88 and a two-hundred day simple moving average of $8.80. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The company 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%. On average, analysts forecast that Apartment Investment and Management will post -0.8 earnings per share 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.