Rhumbline Advisers Has $2.07 Million Position in Apartment Investment and Management (NYSE:AIV)

Rhumbline Advisers lessened its holdings in Apartment Investment and Management (NYSE:AIV) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,768 shares of the real estate investment trust’s stock after selling 6,132 shares during the quarter. Rhumbline Advisers owned approximately 0.17% of Apartment Investment and Management worth $2,066,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AIV. Rush Island Management LP raised its holdings in Apartment Investment and Management by 156.7% in the 4th quarter. Rush Island Management LP now owns 4,543,774 shares of the real estate investment trust’s stock valued at $41,303,000 after buying an additional 2,773,984 shares during the last quarter. Argosy Lionbridge Management LLC bought a new position in Apartment Investment and Management in the 4th quarter valued at approximately $21,226,000. Landmark Investment Partners L.P. bought a new position in Apartment Investment and Management in the 4th quarter valued at approximately $12,447,000. Land & Buildings Investment Management LLC raised its holdings in Apartment Investment and Management by 77.2% in the 4th quarter. Land & Buildings Investment Management LLC now owns 3,074,160 shares of the real estate investment trust’s stock valued at $27,944,000 after buying an additional 1,338,921 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new position in Apartment Investment and Management in the 4th quarter valued at approximately $8,155,000. Institutional investors own 83.26% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Friday, May 30th.

Apartment Investment and Management Stock Performance

Shares of AIV stock opened at $8.45 on Tuesday. 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 firm has a fifty day simple moving average of $7.98 and a two-hundred day simple moving average of $8.47. 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 $1.20 billion, a PE ratio of -4.88 and a beta of 1.37.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share (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 the consensus estimate 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%. Analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

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.