Apartment Investment and Management (NYSE:AIV) Rating Increased to Hold at Wall Street Zen

Apartment Investment and Management (NYSE:AIV) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Apartment Investment and Management Stock Down 0.4%

Shares of Apartment Investment and Management stock opened at $7.81 on Thursday. Apartment Investment and Management has a 52-week low of $6.89 and a 52-week high of $9.49. The company has a 50 day moving average of $8.05 and a 200 day moving average of $8.54. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. The company has a market capitalization of $1.11 billion, a P/E ratio of -4.51 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $52.35 million for the quarter, compared to analyst estimates 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%. As a group, research analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Institutional Trading of Apartment Investment and Management

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Apartment Investment and Management by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 19,340,629 shares of the real estate investment trust’s stock valued at $170,198,000 after acquiring an additional 212,813 shares during the last quarter. Millennium Management LLC boosted its holdings in Apartment Investment and Management by 14.0% in the fourth quarter. Millennium Management LLC now owns 7,145,287 shares of the real estate investment trust’s stock valued at $64,951,000 after purchasing an additional 877,954 shares in the last quarter. Newtyn Management LLC increased its stake in Apartment Investment and Management by 32.4% in the first quarter. Newtyn Management LLC now owns 5,000,000 shares of the real estate investment trust’s stock valued at $44,000,000 after purchasing an additional 1,223,856 shares during the last quarter. Irenic Capital Management LP increased its stake in Apartment Investment and Management by 21.5% in the first quarter. Irenic Capital Management LP now owns 4,633,134 shares of the real estate investment trust’s stock valued at $40,772,000 after purchasing an additional 820,539 shares during the last quarter. Finally, Rush Island Management LP raised its holdings in Apartment Investment and Management by 156.7% during the fourth quarter. Rush Island Management LP now owns 4,543,774 shares of the real estate investment trust’s stock worth $41,303,000 after purchasing an additional 2,773,984 shares in the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

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.