T. Rowe Price Investment Management Inc. Sells 118,278 Shares of Apartment Investment and Management (NYSE:AIV)

T. Rowe Price Investment Management Inc. lowered its position in shares of Apartment Investment and Management (NYSE:AIV - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,887,589 shares of the real estate investment trust's stock after selling 118,278 shares during the period. T. Rowe Price Investment Management Inc. owned 2.04% of Apartment Investment and Management worth $26,249,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AIV. Charles Schwab Investment Management Inc. lifted its holdings in shares of Apartment Investment and Management by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,851,566 shares of the real estate investment trust's stock valued at $16,831,000 after buying an additional 8,713 shares during the period. JPMorgan Chase & Co. increased its stake in Apartment Investment and Management by 34.5% during the 4th quarter. JPMorgan Chase & Co. now owns 967,860 shares of the real estate investment trust's stock worth $8,798,000 after buying an additional 248,329 shares during the period. Uniplan Investment Counsel Inc. boosted its stake in Apartment Investment and Management by 203.6% during the 4th quarter. Uniplan Investment Counsel Inc. now owns 942,251 shares of the real estate investment trust's stock valued at $8,565,000 after acquiring an additional 631,893 shares during the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in Apartment Investment and Management in the fourth quarter worth $8,155,000. Finally, Barclays PLC lifted its stake in Apartment Investment and Management by 40.7% in the third quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust's stock valued at $5,948,000 after buying an additional 190,440 shares during the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Apartment Investment and Management from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th.

Apartment Investment and Management Stock Performance

NYSE:AIV traded up $0.21 during mid-day trading on Friday, hitting $8.29. 194,132 shares of the company's stock traded hands, compared to its average volume of 958,775. Apartment Investment and Management has a 12 month low of $6.89 and a 12 month high of $9.49. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -4.79 and a beta of 1.29. The firm has a 50 day moving average of $8.31 and a two-hundred day moving average of $8.60. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28.

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, 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 business had revenue of $54.17 million for the quarter, compared to analysts' expectations of $53.11 million. On average, equities analysts forecast that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

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.