Land & Buildings Investment Management LLC Boosts Holdings in Apartment Investment and Management (NYSE:AIV)

Land & Buildings Investment Management LLC grew its stake in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 77.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,074,160 shares of the real estate investment trust's stock after purchasing an additional 1,338,921 shares during the quarter. Apartment Investment and Management makes up approximately 5.7% of Land & Buildings Investment Management LLC's portfolio, making the stock its 8th biggest position. Land & Buildings Investment Management LLC owned 2.18% of Apartment Investment and Management worth $27,944,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Corton Capital Inc. increased its position in shares of Apartment Investment and Management by 6.6% during the fourth quarter. Corton Capital Inc. now owns 18,140 shares of the real estate investment trust's stock valued at $165,000 after buying an additional 1,131 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in Apartment Investment and Management by 0.9% during the 4th 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 in the last quarter. Metis Global Partners LLC grew its holdings in shares of 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 worth $136,000 after acquiring an additional 1,526 shares during the period. Van ECK Associates Corp grew its holdings in shares of 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 worth $239,000 after acquiring an additional 1,901 shares during the period. Finally, Rhumbline Advisers raised its position in shares of 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 acquiring an additional 2,659 shares in the last quarter. Hedge funds and other institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Stock Up 2.5%

NYSE:AIV traded up $0.20 during mid-day trading on Thursday, hitting $8.17. 609,979 shares of the company's stock were exchanged, compared to its average volume of 954,614. The company has a market cap of $1.16 billion, a PE ratio of -4.72 and a beta of 1.38. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. Apartment Investment and Management has a one year low of $6.89 and a one year high of $9.49. The business has a fifty day moving average price of $8.15 and a 200 day moving average price of $8.56.

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) 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 119.76% and a negative return on equity of 68.04%. The firm had revenue of $52.35 million during the quarter, compared to analyst estimates of $53.64 million. Equities analysts predict that Apartment Investment and Management will post -0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Apartment Investment and Management from a "hold" rating to a "sell" rating in a research report on Monday.

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.