D. E. Shaw & Co. Inc. Sells 387,197 Shares of Apartment Investment and Management (NYSE:AIV)

D. E. Shaw & Co. Inc. reduced its position in Apartment Investment and Management (NYSE:AIV - Free Report) by 50.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 385,455 shares of the real estate investment trust's stock after selling 387,197 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.27% of Apartment Investment and Management worth $3,504,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Argosy Lionbridge Management LLC acquired a new position in shares of Apartment Investment and Management during the fourth quarter valued at about $21,226,000. Landmark Investment Partners L.P. acquired a new stake in shares of Apartment Investment and Management in the 4th quarter worth about $12,447,000. Thompson Siegel & Walmsley LLC bought a new position in Apartment Investment and Management in the 4th quarter valued at about $8,155,000. Crestline Management LP acquired a new position in Apartment Investment and Management during the 4th quarter valued at about $5,775,000. Finally, Uniplan Investment Counsel Inc. increased its holdings in Apartment Investment and Management by 203.6% during the 4th quarter. Uniplan Investment Counsel Inc. now owns 942,251 shares of the real estate investment trust's stock worth $8,565,000 after purchasing an additional 631,893 shares in the last quarter. Institutional investors and hedge funds own 83.26% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Apartment Investment and Management from a "sell" rating to a "hold" rating in a report on Thursday.

Apartment Investment and Management Stock Down 1.1%

NYSE:AIV traded down $0.09 during trading hours on Thursday, hitting $7.85. 830,293 shares of the company traded hands, compared to its average volume of 953,962. 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 company has a market cap of $1.11 billion, a PE ratio of -4.53 and a beta of 1.38. The firm's 50-day simple moving average is $8.08 and its 200-day simple moving average is $8.55. Apartment Investment and Management has a one year low of $6.89 and a one 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. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. The company had revenue of $52.35 million for the quarter, compared to analyst estimates of $53.64 million. Equities 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.