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

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

A number of other hedge funds also recently modified their holdings of AIV. Barclays PLC raised 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 during the period. Tidal Investments LLC grew its stake in Apartment Investment and Management by 180.7% in the third quarter. Tidal Investments LLC now owns 40,601 shares of the real estate investment trust's stock valued at $367,000 after purchasing an additional 26,136 shares in the last quarter. JPMorgan Chase & Co. grew its stake in 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 valued at $6,505,000 after purchasing an additional 63,888 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Apartment Investment and Management by 101.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 81,869 shares of the real estate investment trust's stock worth $744,000 after acquiring an additional 41,293 shares during the period. Finally, abrdn plc boosted its stake in shares of Apartment Investment and Management by 30.6% during the 4th quarter. abrdn plc now owns 37,561 shares of the real estate investment trust's stock worth $315,000 after acquiring an additional 8,804 shares during the period. Institutional investors and hedge funds own 83.26% of the company's stock.

Apartment Investment and Management Price Performance

NYSE AIV traded up $0.05 during midday trading on Friday, hitting $8.23. The company had a trading volume of 240,521 shares, compared to its average volume of 953,363. The company has a market capitalization of $1.17 billion, a PE ratio of -4.75 and a beta of 1.38. 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 50-day moving average price of $8.14 and a 200-day moving average price of $8.55. Apartment Investment and Management has a twelve month low of $6.89 and a twelve month high of $9.49.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The company had revenue of $52.35 million during the quarter, compared to analysts' expectations of $53.64 million. As a group, analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Apartment Investment and Management from a "hold" rating to a "sell" rating in a report on Monday.

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.