Bank of America Corp DE Has $5.39 Million Position in Apartment Investment and Management (NYSE:AIV)

Bank of America Corp DE lowered its stake in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 49.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 593,183 shares of the real estate investment trust's stock after selling 580,526 shares during the period. Bank of America Corp DE owned approximately 0.42% of Apartment Investment and Management worth $5,392,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in AIV. BNP Paribas Financial Markets acquired a new position in Apartment Investment and Management in the fourth quarter worth about $1,811,000. Schonfeld Strategic Advisors LLC boosted its stake in Apartment Investment and Management by 55.4% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 26,900 shares of the real estate investment trust's stock valued at $245,000 after acquiring an additional 9,589 shares during the last quarter. Northern Trust Corp boosted its stake in Apartment Investment and Management by 23.5% in the fourth quarter. Northern Trust Corp now owns 1,556,186 shares of the real estate investment trust's stock valued at $14,146,000 after acquiring an additional 296,488 shares during the last quarter. Landmark Investment Partners L.P. bought a new position in Apartment Investment and Management in the fourth quarter valued at approximately $12,447,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Apartment Investment and Management during the fourth quarter worth $440,000. Institutional investors and hedge funds own 83.26% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a research report on Friday.

Apartment Investment and Management Stock Up 0.1%

Shares of NYSE:AIV traded up $0.01 during midday trading on Friday, reaching $8.00. 863,459 shares of the company were exchanged, compared to its average volume of 951,737. 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 has a fifty-two week low of $6.89 and a fifty-two week high of $9.49. The stock has a fifty day simple moving average of $7.97 and a two-hundred day simple moving average of $8.51. The firm has a market cap of $1.14 billion, a PE ratio of -4.62 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts forecast 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.