Apartment Investment and Management (NYSE:AIV) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC raised its holdings in Apartment Investment and Management (NYSE:AIV - Free Report) by 98.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 321,440 shares of the real estate investment trust's stock after acquiring an additional 159,600 shares during the period. Renaissance Technologies LLC owned 0.23% of Apartment Investment and Management worth $2,922,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its stake 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 acquiring an additional 190,440 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Apartment Investment and Management by 180.7% in the 3rd quarter. Tidal Investments LLC now owns 40,601 shares of the real estate investment trust's stock valued at $367,000 after purchasing an additional 26,136 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Apartment Investment and Management by 9.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 719,531 shares of the real estate investment trust's stock valued at $6,505,000 after purchasing an additional 63,888 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Apartment Investment and Management by 101.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 81,869 shares of the real estate investment trust's stock valued at $744,000 after purchasing an additional 41,293 shares in the last quarter. Finally, abrdn plc lifted its stake in shares of Apartment Investment and Management by 30.6% in the 4th quarter. abrdn plc now owns 37,561 shares of the real estate investment trust's stock valued at $315,000 after purchasing an additional 8,804 shares in the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Apartment Investment and Management Stock Down 0.3 %

Apartment Investment and Management stock traded down $0.03 during midday trading on Tuesday, hitting $7.75. 31,396 shares of the company were exchanged, compared to its average volume of 974,425. The company's fifty day moving average price is $8.37 and its 200-day moving average price is $8.61. The company has a market cap of $1.10 billion, a PE ratio of -4.48 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 fifty-two week low of $6.89 and a fifty-two week high of $9.49.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. The firm had revenue of $54.17 million for the quarter, compared to analyst estimates of $53.11 million. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. On average, research analysts predict that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

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.