Alliancebernstein L.P. Trims Stake in Apartment Investment and Management (NYSE:AIV)

Alliancebernstein L.P. reduced its holdings in Apartment Investment and Management (NYSE:AIV) by 2.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,918 shares of the real estate investment trust’s stock after selling 4,074 shares during the quarter. Alliancebernstein L.P. owned 0.12% of Apartment Investment and Management worth $1,590,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Apartment Investment and Management in the fourth quarter worth approximately $5,691,000. JPMorgan Chase & Co. grew its position in Apartment Investment and Management by 34.5% during the fourth quarter. JPMorgan Chase & Co. now owns 967,860 shares of the real estate investment trust’s stock valued at $8,798,000 after acquiring an additional 248,329 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Apartment Investment and Management during the fourth quarter valued at about $241,000. American Century Companies Inc. bought a new position in Apartment Investment and Management during the 4th quarter worth approximately $318,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Apartment Investment and Management by 79.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,908 shares of the real estate investment trust’s stock valued at $408,000 after purchasing an additional 19,922 shares during the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Stock Up 2.1 %

AIV stock opened at $7.83 on Friday. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current 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. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -4.53 and a beta of 1.29. The business’s 50 day moving average price is $8.53 and its two-hundred day moving average price is $8.66.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $53.11 million. As a group, analysts forecast that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.