Legal & General Group Plc Sells 220,669 Shares of Apartment Investment and Management (NYSE:AIV)

Legal & General Group Plc trimmed its holdings in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 27.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 585,642 shares of the real estate investment trust's stock after selling 220,669 shares during the quarter. Legal & General Group Plc owned 0.41% of Apartment Investment and Management worth $5,323,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Metis Global Partners LLC grew its position in shares of Apartment Investment and Management by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust's stock valued at $136,000 after acquiring an additional 1,526 shares during the period. Van ECK Associates Corp lifted its stake in Apartment Investment and Management by 7.8% in the fourth quarter. Van ECK Associates Corp now owns 26,347 shares of the real estate investment trust's stock valued at $239,000 after purchasing an additional 1,901 shares during the last quarter. Rhumbline Advisers grew its holdings in Apartment Investment and Management by 1.1% during the fourth quarter. Rhumbline Advisers now owns 240,900 shares of the real estate investment trust's stock valued at $2,190,000 after purchasing an additional 2,659 shares during the period. Asset Management One Co. Ltd. increased its position in Apartment Investment and Management by 2.2% in the fourth 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 during the last quarter. Finally, FMR LLC increased its position in 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 last quarter. 83.26% of the stock is currently owned by institutional investors.

Apartment Investment and Management Stock Performance

NYSE:AIV traded down $0.06 on Friday, reaching $7.69. 106,608 shares of the company's stock were exchanged, compared to its average volume of 976,417. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -4.44 and a beta of 1.29. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a fifty day simple moving average of $8.42 and a 200-day simple moving average of $8.62. 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 released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported ($0.08) EPS for the quarter, topping the consensus estimate 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 company had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.11 million. As a group, sell-side analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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 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.