Apartment Investment and Management (NYSE:AIV) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,898,088 shares of the real estate investment trust's stock after selling 600,019 shares during the period. Vanguard Group Inc. owned approximately 13.65% of Apartment Investment and Management worth $135,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in Apartment Investment and Management in the second quarter valued at $29,000. Ensign Peak Advisors Inc acquired a new stake in shares of Apartment Investment and Management in the third quarter valued at about $30,000. Captrust Financial Advisors acquired a new stake in shares of Apartment Investment and Management in the second quarter valued at about $30,000. Raymond James & Associates acquired a new stake in shares of Apartment Investment and Management in the fourth quarter valued at about $74,000. Finally, Mariner LLC acquired a new stake in shares of Apartment Investment and Management in the third quarter valued at about $75,000. Hedge funds and other institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Price Performance

NYSE AIV traded up $0.10 during trading hours on Wednesday, hitting $7.95. 412,905 shares of the company's stock traded hands, compared to its average volume of 1,000,617. Apartment Investment and Management has a 52-week low of $5.63 and a 52-week high of $8.93. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 2.73. The firm's 50-day moving average is $7.63 and its 200-day moving average is $7.20.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($1.01). Apartment Investment and Management had a negative net margin of 88.87% and a negative return on equity of 30.04%. The firm had revenue of $49.35 million during the quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on AIV shares. StockNews.com lowered shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a research report on Monday, February 26th. TheStreet raised shares of Apartment Investment and Management from a "d+" rating to a "c-" rating in a research note on Tuesday, January 16th.

About Apartment Investment and Management

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.