Balyasny Asset Management L.P. Has $5.34 Million Position in Apartment Investment and Management (NYSE:AIV)

Balyasny Asset Management L.P. lessened its stake in Apartment Investment and Management (NYSE:AIV - Free Report) by 69.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 587,945 shares of the real estate investment trust's stock after selling 1,347,066 shares during the period. Balyasny Asset Management L.P. owned about 0.42% of Apartment Investment and Management worth $5,344,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Apartment Investment and Management by 0.9% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 161,046 shares of the real estate investment trust's stock worth $1,462,000 after acquiring an additional 1,496 shares during the period. Metis Global Partners LLC grew its stake in shares of Apartment Investment and Management by 11.4% in 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 purchasing an additional 1,526 shares during the period. Van ECK Associates Corp raised its holdings in shares of Apartment Investment and Management by 7.8% in the 4th quarter. Van ECK Associates Corp now owns 26,347 shares of the real estate investment trust's stock worth $239,000 after buying an additional 1,901 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Apartment Investment and Management by 1.1% during the 4th quarter. Rhumbline Advisers now owns 240,900 shares of the real estate investment trust's stock worth $2,190,000 after buying an additional 2,659 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake 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 valued at $1,587,000 after buying an additional 4,173 shares in the last quarter. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Price Performance

Shares of Apartment Investment and Management stock opened at $7.86 on Friday. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -4.54 and a beta of 1.38. The firm's 50-day moving average price is $8.20 and its two-hundred day moving average price is $8.57. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28. 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 - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share 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 analysts' expectations of $53.64 million. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. On average, equities analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.

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