Charles Schwab Investment Management Inc. Sells 210,780 Shares of Apartment Investment and Management (NYSE:AIV)

Charles Schwab Investment Management Inc. reduced its stake in shares of Apartment Investment and Management (NYSE:AIV) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,556,457 shares of the real estate investment trust’s stock after selling 210,780 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Apartment Investment and Management were worth $8,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AIV. Arrowstreet Capital Limited Partnership bought a new stake in shares of Apartment Investment and Management during the third quarter valued at approximately $1,200,000. Morgan Stanley grew its stake in shares of Apartment Investment and Management by 23.3% during the third quarter. Morgan Stanley now owns 630,620 shares of the real estate investment trust’s stock valued at $21,265,000 after purchasing an additional 119,246 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Apartment Investment and Management by 25.8% during the third quarter. Public Sector Pension Investment Board now owns 18,024 shares of the real estate investment trust’s stock valued at $608,000 after purchasing an additional 3,700 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in shares of Apartment Investment and Management during the third quarter valued at approximately $503,000. Finally, Squarepoint Ops LLC boosted its stake in Apartment Investment and Management by 72.3% in the third quarter. Squarepoint Ops LLC now owns 45,021 shares of the real estate investment trust’s stock valued at $1,518,000 after acquiring an additional 18,888 shares during the last quarter.

In related news, Director Terry Considine acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 19th. The shares were acquired at an average cost of $5.64 per share, for a total transaction of $564,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Quincy Allen sold 12,200 shares of the firm’s stock in a transaction on Tuesday, March 30th. The stock was sold at an average price of $6.17, for a total transaction of $75,274.00. Following the sale, the director now owns 38,034 shares in the company, valued at $234,669.78. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 410,000 shares of company stock worth $2,343,000. Company insiders own 1.44% of the company’s stock.

AIV opened at $6.20 on Thursday. The firm’s fifty day moving average is $5.57 and its two-hundred day moving average is $16.53. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $925.09 million, a PE ratio of 4.86 and a beta of 0.94. Apartment Investment and Management has a twelve month low of $2.65 and a twelve month high of $6.50.

Separately, Zacks Investment Research raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating and set a $5.15 price objective on the stock in a research note on Thursday, March 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. Apartment Investment and Management presently has an average rating of “Hold” and an average price target of $34.88.

About Apartment Investment and Management

Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco is traded on the New York Stock Exchange as AIV. For more information about Aimco, please visit our website www.aimco.com.

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Institutional Ownership by Quarter for Apartment Investment and Management (NYSE:AIV)

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