Norges Bank bought a new stake in shares of Apartment Investment and Management (NYSE:AIV - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 626,052 shares of the real estate investment trust's stock, valued at approximately $5,691,000. Norges Bank owned approximately 0.44% of Apartment Investment and Management as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of AIV. Charles Schwab Investment Management Inc. increased its holdings in Apartment Investment and Management by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,851,566 shares of the real estate investment trust's stock worth $16,831,000 after acquiring an additional 8,713 shares during the period. JPMorgan Chase & Co. grew its position in shares of Apartment Investment and Management by 34.5% during the 4th quarter. JPMorgan Chase & Co. now owns 967,860 shares of the real estate investment trust's stock valued at $8,798,000 after purchasing an additional 248,329 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Apartment Investment and Management in the fourth quarter worth $8,155,000. Meros Investment Management LP raised its position in shares of Apartment Investment and Management by 35.2% in the third quarter. Meros Investment Management LP now owns 687,817 shares of the real estate investment trust's stock worth $6,218,000 after buying an additional 178,998 shares in the last quarter. Finally, Barclays PLC boosted its stake in Apartment Investment and Management by 40.7% during the third quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust's stock valued at $5,948,000 after buying an additional 190,440 shares during the period. 83.26% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Apartment Investment and Management from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th.
View Our Latest Stock Analysis on Apartment Investment and Management
Apartment Investment and Management Price Performance
Apartment Investment and Management stock traded up $0.02 during mid-day trading on Tuesday, hitting $7.72. 154,792 shares of the company traded hands, compared to its average volume of 1,098,018. 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 one year low of $6.89 and a one year high of $9.48. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of -4.46 and a beta of 1.29. The stock has a fifty day moving average price of $8.60 and a 200-day moving average price of $8.68.
Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $54.17 million during the quarter, compared to analyst estimates of $53.11 million. On average, equities analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.
About Apartment Investment and Management
(
Free Report)
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.
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