Jane Street Group LLC Trims Stock Holdings in Apartment Investment and Management (NYSE:AIV)

Jane Street Group LLC decreased its holdings in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 42.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,110 shares of the real estate investment trust's stock after selling 50,634 shares during the quarter. Jane Street Group LLC's holdings in Apartment Investment and Management were worth $619,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AIV. Argosy Lionbridge Management LLC purchased a new stake in Apartment Investment and Management during the fourth quarter worth approximately $21,226,000. Landmark Investment Partners L.P. purchased a new stake in Apartment Investment and Management in the fourth quarter valued at approximately $12,447,000. Thompson Siegel & Walmsley LLC purchased a new stake in Apartment Investment and Management in the fourth quarter valued at approximately $8,155,000. Uniplan Investment Counsel Inc. lifted its stake in Apartment Investment and Management by 203.6% in the fourth quarter. Uniplan Investment Counsel Inc. now owns 942,251 shares of the real estate investment trust's stock valued at $8,565,000 after buying an additional 631,893 shares during the last quarter. Finally, Norges Bank purchased a new stake in Apartment Investment and Management in the fourth quarter valued at approximately $5,691,000. Hedge funds and other institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Stock Performance

NYSE AIV traded up $0.06 on Thursday, reaching $7.99. The stock had a trading volume of 391,803 shares, compared to its average volume of 952,831. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35. Apartment Investment and Management has a 12-month low of $6.89 and a 12-month high of $9.49. The business's 50-day moving average price is $8.00 and its 200 day moving average price is $8.52. The stock has a market cap of $1.13 billion, a P/E ratio of -4.62 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $53.64 million. As a group, equities analysts expect that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Apartment Investment and Management from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

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.