Balyasny Asset Management L.P. Has $5.34 Million Position in Apartment Investment and Management (NYSE:AIV)

Balyasny Asset Management L.P. lessened its holdings in shares of Apartment Investment and Management (NYSE:AIV) by 69.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 587,945 shares of the real estate investment trust’s stock after selling 1,347,066 shares during the period. Balyasny Asset Management L.P.’s holdings in Apartment Investment and Management were worth $5,344,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Beverly Hills Private Wealth LLC boosted its position in shares of Apartment Investment and Management by 10.9% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 255,451 shares of the real estate investment trust’s stock worth $2,322,000 after purchasing an additional 25,006 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Apartment Investment and Management during the 4th quarter worth about $1,811,000. Schonfeld Strategic Advisors LLC increased its stake in shares of Apartment Investment and Management by 55.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 26,900 shares of the real estate investment trust’s stock valued at $245,000 after acquiring an additional 9,589 shares during the last quarter. Northern Trust Corp increased its stake in Apartment Investment and Management by 23.5% in the fourth quarter. Northern Trust Corp now owns 1,556,186 shares of the real estate investment trust’s stock valued at $14,146,000 after purchasing an additional 296,488 shares in the last quarter. Finally, Landmark Investment Partners L.P. acquired a new stake in Apartment Investment and Management in the fourth quarter worth $12,447,000. Institutional investors own 83.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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 Trading Down 1.6 %

NYSE AIV opened at $7.86 on Friday. Apartment Investment and Management has a one year low of $6.89 and a one year high of $9.49. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $1.12 billion, a P/E ratio of -4.54 and a beta of 1.38. The stock’s 50-day moving average is $8.20 and its 200-day moving average is $8.57.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results 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. 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 $52.35 million for the quarter, compared to analyst estimates of $53.64 million. Sell-side analysts anticipate 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.