Cubist Systematic Strategies LLC Has $1.68 Million Stock Position in Apartment Investment and Management (NYSE:AIV)

Cubist Systematic Strategies LLC lowered its stake in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 55.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 185,172 shares of the real estate investment trust's stock after selling 228,324 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.13% of Apartment Investment and Management worth $1,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Apartment Investment and Management during the fourth quarter worth about $55,000. Xponance Inc. bought a new stake in shares of Apartment Investment and Management during the fourth quarter worth about $93,000. Cerity Partners LLC bought a new stake in shares of Apartment Investment and Management during the fourth quarter worth about $94,000. Cibc World Markets Corp bought a new stake in shares of Apartment Investment and Management during the fourth quarter worth about $118,000. Finally, Metis Global Partners LLC increased its position in shares of Apartment Investment and Management by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust's stock worth $136,000 after acquiring an additional 1,526 shares in the last quarter. Institutional investors and hedge funds own 83.26% of the company's stock.

Apartment Investment and Management Stock Up 2.4%

Apartment Investment and Management stock opened at $8.06 on Tuesday. Apartment Investment and Management has a twelve month low of $6.89 and a twelve month high of $9.49. The firm has a 50 day moving average price of $8.18 and a 200-day moving average price of $8.57. The company has a market capitalization of $1.14 billion, a P/E ratio of -4.66 and a beta of 1.38. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) EPS for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. The company had revenue of $52.35 million for the quarter, compared to analysts' expectations 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%. As a group, equities analysts predict that Apartment Investment and Management will post -0.8 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a research 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.

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