First Trust Advisors LP Purchases 41,203 Shares of Apartment Investment and Management (NYSE:AIV)

First Trust Advisors LP increased its position in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 16.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,277 shares of the real estate investment trust's stock after purchasing an additional 41,203 shares during the period. First Trust Advisors LP owned 0.21% of Apartment Investment and Management worth $2,657,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co raised its holdings in Apartment Investment and Management by 0.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 161,046 shares of the real estate investment trust's stock valued at $1,462,000 after acquiring an additional 1,496 shares during the period. Metis Global Partners LLC raised its stake in Apartment Investment and Management by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust's stock valued at $136,000 after purchasing an additional 1,526 shares during the period. Van ECK Associates Corp raised its stake in Apartment Investment and Management by 7.8% during the 4th quarter. Van ECK Associates Corp now owns 26,347 shares of the real estate investment trust's stock valued at $239,000 after purchasing an additional 1,901 shares during the period. Rhumbline Advisers lifted its holdings in Apartment Investment and Management by 1.1% in the 4th quarter. Rhumbline Advisers now owns 240,900 shares of the real estate investment trust's stock worth $2,190,000 after purchasing an additional 2,659 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in Apartment Investment and Management by 2.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 190,795 shares of the real estate investment trust's stock valued at $1,587,000 after buying an additional 4,173 shares in the last quarter. Hedge funds and other institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Price Performance

Shares of Apartment Investment and Management stock traded down $0.13 during trading on Friday, reaching $7.86. 936,628 shares of the stock traded hands, compared to its average volume of 958,639. Apartment Investment and Management has a 52-week low of $6.89 and a 52-week high of $9.49. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. The business has a fifty day simple moving average of $8.20 and a two-hundred day simple moving average of $8.57. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -4.54 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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. The business had revenue of $52.35 million for the quarter, compared to the consensus estimate of $53.64 million. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. Sell-side analysts expect that Apartment Investment and Management will post -0.8 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Apartment Investment and Management from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th.

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.