Rush Island Management LP Acquires 2,773,984 Shares of Apartment Investment and Management (NYSE:AIV)

Rush Island Management LP raised its stake in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 156.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,543,774 shares of the real estate investment trust's stock after purchasing an additional 2,773,984 shares during the period. Apartment Investment and Management accounts for about 2.7% of Rush Island Management LP's portfolio, making the stock its 12th biggest position. Rush Island Management LP owned about 3.22% of Apartment Investment and Management worth $41,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Corton Capital Inc. increased its position in 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 acquiring an additional 1,131 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position 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 last quarter. Metis Global Partners LLC increased its position in Apartment Investment and Management by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust's stock valued at $136,000 after acquiring an additional 1,526 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Apartment Investment and Management by 7.8% in the fourth quarter. Van ECK Associates Corp now owns 26,347 shares of the real estate investment trust's stock worth $239,000 after purchasing an additional 1,901 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Apartment Investment and Management by 1.1% in the fourth 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 during the last quarter. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Investment and Management Trading Up 0.6%

Shares of NYSE AIV traded up $0.05 during mid-day trading on Monday, reaching $8.30. The company had a trading volume of 480,442 shares, compared to its average volume of 956,947. The business's 50-day moving average is $8.11 and its 200-day moving average is $8.55. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -4.80 and a beta of 1.38. Apartment Investment and Management has a 52 week low of $6.89 and a 52 week high of $9.49.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. The firm had revenue of $52.35 million for the quarter, compared to analysts' expectations of $53.64 million. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. Equities analysts expect that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a report on Monday, May 12th.

Apartment Investment and Management Company 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.