Apartment Investment and Management (NYSE:AIV) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Apartment Investment and Management (NYSE:AIV - Free Report) from a hold rating to a sell rating in a research report released on Friday.

Apartment Investment and Management Trading Up 1.1%

NYSE AIV traded up $0.09 on Friday, hitting $8.10. 788,985 shares of the stock were exchanged, compared to its average volume of 949,699. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a fifty day moving average price of $7.95 and a two-hundred day moving average price of $8.51. The firm has a market capitalization of $1.15 billion, a P/E ratio of -4.68 and a beta of 1.38. Apartment Investment and Management has a 52-week low of $6.89 and a 52-week high of $9.49.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued its 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. The firm had revenue of $52.35 million during the quarter, compared to analyst estimates 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%. Research analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Institutional Trading of Apartment Investment and Management

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Apartment Investment and Management by 1.1% during the first quarter. Vanguard Group Inc. now owns 19,340,629 shares of the real estate investment trust's stock valued at $170,198,000 after purchasing an additional 212,813 shares during the period. Millennium Management LLC raised its holdings in shares of Apartment Investment and Management by 14.0% in the fourth quarter. Millennium Management LLC now owns 7,145,287 shares of the real estate investment trust's stock valued at $64,951,000 after acquiring an additional 877,954 shares in the last quarter. Newtyn Management LLC raised its holdings in shares of Apartment Investment and Management by 32.4% in the first quarter. Newtyn Management LLC now owns 5,000,000 shares of the real estate investment trust's stock valued at $44,000,000 after acquiring an additional 1,223,856 shares in the last quarter. Irenic Capital Management LP raised its holdings in shares of Apartment Investment and Management by 21.5% in the first quarter. Irenic Capital Management LP now owns 4,633,134 shares of the real estate investment trust's stock valued at $40,772,000 after acquiring an additional 820,539 shares in the last quarter. Finally, Rush Island Management LP raised its holdings in shares of Apartment Investment and Management by 156.7% in the fourth quarter. Rush Island Management LP now owns 4,543,774 shares of the real estate investment trust's stock valued at $41,303,000 after acquiring an additional 2,773,984 shares in the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

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.