Marshall Wace LLP Invests $684,000 in Apartment Investment and Management (NYSE:AIV)

Marshall Wace LLP acquired a new position in shares of Apartment Investment and Management (NYSE:AIV - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 75,200 shares of the real estate investment trust's stock, valued at approximately $684,000. Marshall Wace LLP owned about 0.05% of Apartment Investment and Management at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AIV. XTX Topco Ltd bought a new position in Apartment Investment and Management in the 4th quarter valued at about $220,000. Quinn Opportunity Partners LLC raised its position in Apartment Investment and Management by 11.5% during the 4th quarter. Quinn Opportunity Partners LLC now owns 251,207 shares of the real estate investment trust's stock worth $2,283,000 after purchasing an additional 25,910 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Apartment Investment and Management by 98.6% in the 4th quarter. Renaissance Technologies LLC now owns 321,440 shares of the real estate investment trust's stock worth $2,922,000 after purchasing an additional 159,600 shares during the period. Cerity Partners LLC bought a new position in shares of Apartment Investment and Management in the 4th quarter worth about $94,000. Finally, Wells Fargo & Company MN lifted its stake in Apartment Investment and Management by 33.1% in the fourth quarter. Wells Fargo & Company MN now owns 73,942 shares of the real estate investment trust's stock valued at $672,000 after buying an additional 18,399 shares during the period. 83.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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 Performance

Shares of AIV stock traded up $0.07 during trading hours on Wednesday, hitting $8.10. 827,594 shares of the company were exchanged, compared to its average volume of 958,682. Apartment Investment and Management has a 52-week low of $6.89 and a 52-week 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 firm has a fifty day simple moving average of $8.24 and a 200 day simple moving average of $8.58. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -4.68 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, topping 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. Research analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal 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.