Apartment Investment and Management (NYSE:AIV) Shares Sold by Man Group plc

Man Group plc decreased its stake in Apartment Investment and Management (NYSE:AIV) by 10.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,079,185 shares of the real estate investment trust’s stock after selling 121,184 shares during the period. Man Group plc’s holdings in Apartment Investment and Management were worth $9,810,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Land & Buildings Investment Management LLC boosted its holdings in shares of Apartment Investment and Management by 77.2% in the 4th quarter. Land & Buildings Investment Management LLC now owns 3,074,160 shares of the real estate investment trust’s stock valued at $27,944,000 after buying an additional 1,338,921 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Apartment Investment and Management by 101.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 81,869 shares of the real estate investment trust’s stock valued at $744,000 after buying an additional 41,293 shares in the last quarter. Norges Bank acquired a new position in shares of Apartment Investment and Management in the 4th quarter valued at $5,691,000. Barclays PLC boosted its holdings in shares of 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. Finally, BNP Paribas Financial Markets acquired a new position in shares of Apartment Investment and Management in the 4th quarter valued at $1,811,000. Institutional investors and hedge funds own 83.26% of the company’s stock.

Analysts Set New Price Targets

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

Apartment Investment and Management Stock Up 0.6%

Shares of NYSE:AIV opened at $8.23 on Monday. The stock has a market cap of $1.17 billion, a P/E ratio of -4.76 and a beta of 1.38. The firm has a fifty day moving average price of $8.12 and a 200 day moving average price of $8.55. 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 $6.89 and a 1-year high of $9.49.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The firm had revenue of $52.35 million during the quarter, compared to analysts’ expectations of $53.64 million. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. Sell-side analysts predict that Apartment Investment and Management will post -0.8 EPS for the current year.

Apartment Investment and Management Company 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.