Cubist Systematic Strategies LLC Sells 228,324 Shares of Apartment Investment and Management (NYSE:AIV)

Cubist Systematic Strategies LLC lessened its position in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 55.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & 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 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AIV. Barclays PLC boosted its holdings 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 acquiring an additional 190,440 shares during the period. Tidal Investments LLC boosted its holdings in shares of Apartment Investment and Management by 180.7% during the third quarter. Tidal Investments LLC now owns 40,601 shares of the real estate investment trust's stock worth $367,000 after acquiring an additional 26,136 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Apartment Investment and Management by 9.7% during the third quarter. JPMorgan Chase & Co. now owns 719,531 shares of the real estate investment trust's stock worth $6,505,000 after acquiring an additional 63,888 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Apartment Investment and Management by 101.8% during the fourth 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 holdings in shares of Apartment Investment and Management by 30.6% during the fourth 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 own 83.26% of the company's stock.

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, May 12th.

Apartment Investment and Management Trading Up 0.6%

NYSE AIV traded up $0.05 on Friday, reaching $8.23. The company had a trading volume of 937,164 shares, compared to its average volume of 958,861. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -4.76 and a beta of 1.38. Apartment Investment and Management has a fifty-two week low of $6.89 and a fifty-two week high of $9.49. The business has a 50 day moving average of $8.12 and a two-hundred day moving average of $8.55. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. The company had revenue of $52.35 million for 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%. Analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current year.

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.