51,449 Shares in Apartment Investment and Management (NYSE:AIV) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. purchased a new stake in Apartment Investment and Management (NYSE:AIV - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 51,449 shares of the real estate investment trust's stock, valued at approximately $432,000.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Apartment Investment and Management by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 719,531 shares of the real estate investment trust's stock worth $6,505,000 after buying an additional 63,888 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Apartment Investment and Management by 101.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 81,869 shares of the real estate investment trust's stock valued at $744,000 after purchasing an additional 41,293 shares during the period. Norges Bank purchased a new stake in shares of Apartment Investment and Management during the fourth quarter valued at approximately $5,691,000. Barclays PLC lifted its position in shares of Apartment Investment and Management by 40.7% during the third quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust's stock worth $5,948,000 after purchasing an additional 190,440 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Apartment Investment and Management by 2.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 190,795 shares of the real estate investment trust's stock worth $1,587,000 after buying an additional 4,173 shares in the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Apartment Investment and Management from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th.

Apartment Investment and Management Stock Up 2.2 %

Shares of AIV traded up $0.17 during trading on Thursday, reaching $7.84. The company's stock had a trading volume of 253,795 shares, compared to its average volume of 974,823. Apartment Investment and Management has a twelve month low of $6.89 and a twelve month high of $9.49. 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 $1.11 billion, a price-to-earnings ratio of -4.53 and a beta of 1.29. The company has a fifty day moving average of $8.55 and a two-hundred day moving average of $8.67.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its quarterly earnings data 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. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. The firm had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.11 million. On average, sell-side analysts predict that Apartment Investment and Management will post -0.8 EPS for the current fiscal 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.