Apartment Investment and Management (NYSE:AIV) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD cut its holdings in Apartment Investment and Management (NYSE:AIV - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,594,919 shares of the real estate investment trust's stock after selling 49,014 shares during the quarter. Price T Rowe Associates Inc. MD owned 12.45% of Apartment Investment and Management worth $159,939,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of Apartment Investment and Management by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 719,531 shares of the real estate investment trust's stock worth $6,505,000 after purchasing an additional 63,888 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Apartment Investment and Management by 101.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 81,869 shares of the real estate investment trust's stock worth $744,000 after buying an additional 41,293 shares in the last quarter. Norges Bank purchased a new stake in Apartment Investment and Management during the fourth quarter worth about $5,691,000. Barclays PLC grew its position in Apartment Investment and Management by 40.7% during the third quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust's stock worth $5,948,000 after buying an additional 190,440 shares during the period. Finally, Asset Management One Co. Ltd. lifted its position in shares of 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 acquiring an additional 4,173 shares during the period. Institutional investors and hedge funds own 83.26% of the company's stock.

Apartment Investment and Management Price Performance

Apartment Investment and Management stock traded up $0.21 during trading hours on Friday, hitting $8.29. The stock had a trading volume of 194,132 shares, compared to its average volume of 1,053,449. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -4.79 and a beta of 1.29. 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 1-year low of $6.89 and a 1-year high of $9.48. The stock's fifty day moving average is $8.31 and its two-hundred day moving average is $8.60.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.04. 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 $54.17 million during the quarter, compared to the consensus estimate of $53.11 million. As a group, analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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.