Perpetual Ltd Makes New Investment in Apartment Investment and Management Company (NYSE:AIV)

Perpetual Ltd bought a new stake in Apartment Investment and Management Company (NYSE:AIV - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 39,710 shares of the real estate investment trust's stock, valued at approximately $349,000.

A number of other large investors have also added to or reduced their stakes in AIV. Land & Buildings Investment Management LLC grew its position in shares of Apartment Investment and Management by 77.2% in the 4th quarter. Land & Buildings Investment Management LLC now owns 3,074,160 shares of the real estate investment trust's stock worth $27,944,000 after buying an additional 1,338,921 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Apartment Investment and Management in the fourth quarter worth $1,811,000. Norges Bank acquired a new position in shares of Apartment Investment and Management during the fourth quarter worth $5,691,000. American Century Companies Inc. purchased a new stake in shares of Apartment Investment and Management during the 4th quarter valued at $318,000. Finally, Saybrook Capital NC acquired a new position in Apartment Investment and Management during the 4th quarter valued at about $1,413,000. 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 note on Friday, May 30th.

Apartment Investment and Management Stock Performance

Apartment Investment and Management stock traded down $0.06 during mid-day trading on Wednesday, reaching $8.71. 1,053,909 shares of the company traded hands, compared to its average volume of 946,759. The firm's fifty day moving average is $8.17 and its two-hundred day moving average is $8.46. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -11.29 and a beta of 1.38. 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 debt-to-equity ratio of 6.94, a current ratio of 1.34 and a quick ratio of 1.34.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. Apartment Investment and Management had a negative return on equity of 45.41% and a negative net margin of 50.37%. The firm had revenue of $52.35 million during the quarter, compared to the consensus estimate of $53.64 million. On average, equities research analysts expect that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal 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.