Dimensional Fund Advisors LP Sells 89,928 Shares of Apartment Investment and Management (NYSE:AIV)

Dimensional Fund Advisors LP cut its holdings in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,737,141 shares of the real estate investment trust's stock after selling 89,928 shares during the quarter. Dimensional Fund Advisors LP owned 1.23% of Apartment Investment and Management worth $15,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC purchased a new position in shares of Apartment Investment and Management in the 4th quarter valued at about $8,155,000. Norges Bank purchased a new position in Apartment Investment and Management in the fourth quarter valued at approximately $5,691,000. JPMorgan Chase & Co. raised its holdings in Apartment Investment and Management by 34.5% during the fourth quarter. JPMorgan Chase & Co. now owns 967,860 shares of the real estate investment trust's stock worth $8,798,000 after purchasing an additional 248,329 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Apartment Investment and Management during the 4th quarter worth approximately $1,923,000. Finally, Barclays PLC grew its position in shares of Apartment Investment and Management by 40.7% in the 3rd quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust's stock valued at $5,948,000 after buying an additional 190,440 shares during the last quarter. Hedge funds and other institutional investors own 83.26% of the company's stock.

Analyst Upgrades and Downgrades

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

Apartment Investment and Management Stock Performance

AIV traded down $0.08 during trading on Wednesday, hitting $7.93. 248,076 shares of the stock were exchanged, compared to its average volume of 1,026,432. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. The firm has a market capitalization of $1.13 billion, a P/E ratio of -4.58 and a beta of 1.38. The stock has a fifty day moving average price of $8.16 and a two-hundred day moving average price of $8.56. Apartment Investment and Management has a 1-year low of $6.89 and a 1-year high of $9.48.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $53.64 million. As a group, sell-side analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current year.

About Apartment Investment and Management

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.