Nisa Investment Advisors LLC Decreases Stock Holdings in Apartment Investment and Management Company (NYSE:AIV)

Nisa Investment Advisors LLC cut its holdings in Apartment Investment and Management Company (NYSE:AIV - Free Report) by 42.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,277 shares of the real estate investment trust's stock after selling 34,592 shares during the period. Nisa Investment Advisors LLC's holdings in Apartment Investment and Management were worth $416,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AIV. Beverly Hills Private Wealth LLC lifted its stake in shares of Apartment Investment and Management by 7.9% in the first quarter. Beverly Hills Private Wealth LLC now owns 275,594 shares of the real estate investment trust's stock valued at $2,425,000 after buying an additional 20,143 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Apartment Investment and Management by 5.4% in the first quarter. Envestnet Asset Management Inc. now owns 52,544 shares of the real estate investment trust's stock valued at $462,000 after buying an additional 2,681 shares during the period. Principal Financial Group Inc. bought a new stake in shares of Apartment Investment and Management in the first quarter valued at about $89,000. Teacher Retirement System of Texas bought a new stake in shares of Apartment Investment and Management in the first quarter valued at about $172,000. Finally, Perpetual Ltd bought a new stake in shares of Apartment Investment and Management in the first quarter valued at about $349,000. 83.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Apartment Investment and Management from a "hold" rating to a "sell" rating in a research report on Friday, May 30th.

Apartment Investment and Management Stock Down 0.1%

Shares of NYSE:AIV traded down $0.01 during midday trading on Friday, reaching $8.64. 863,169 shares of the company were exchanged, compared to its average volume of 949,861. Apartment Investment and Management Company has a fifty-two week low of $6.89 and a fifty-two week high of $9.49. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 6.94. The stock has a fifty day simple moving average of $8.37 and a two-hundred day simple moving average of $8.48. The firm has a market cap of $1.22 billion, a PE ratio of -11.22 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.02. Apartment Investment and Management had a negative net margin of 50.37% and a negative return on equity of 45.41%. The firm had revenue of $52.35 million for the quarter, compared to analyst estimates of $53.64 million. As a group, sell-side analysts forecast that Apartment Investment and Management Company will post -0.8 earnings per share 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.