JPMorgan Chase & Co. Grows Stock Holdings in Apartment Investment and Management (NYSE:AIV)

JPMorgan Chase & Co. lifted its stake in Apartment Investment and Management (NYSE:AIV - Free Report) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 719,531 shares of the real estate investment trust's stock after purchasing an additional 63,888 shares during the quarter. JPMorgan Chase & Co. owned 0.51% of Apartment Investment and Management worth $6,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AIV. Algert Global LLC raised its stake in shares of Apartment Investment and Management by 570.7% in the third quarter. Algert Global LLC now owns 87,860 shares of the real estate investment trust's stock worth $794,000 after purchasing an additional 74,760 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Apartment Investment and Management by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,842,853 shares of the real estate investment trust's stock valued at $16,659,000 after purchasing an additional 44,668 shares during the last quarter. Barclays PLC boosted its holdings in Apartment Investment and Management by 40.7% in the third quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust's stock worth $5,948,000 after purchasing an additional 190,440 shares during the last quarter. FMR LLC raised its stake in Apartment Investment and Management by 39.8% during the 3rd quarter. FMR LLC now owns 15,438 shares of the real estate investment trust's stock valued at $140,000 after buying an additional 4,399 shares during the last quarter. Finally, Meros Investment Management LP lifted its holdings in shares of Apartment Investment and Management by 35.2% during the 3rd quarter. Meros Investment Management LP now owns 687,817 shares of the real estate investment trust's stock valued at $6,218,000 after buying an additional 178,998 shares during the period. Institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Stock Performance

Apartment Investment and Management stock traded down $0.09 during mid-day trading on Thursday, reaching $9.04. 1,449,710 shares of the stock traded hands, compared to its average volume of 1,555,501. Apartment Investment and Management has a 12-month low of $7.06 and a 12-month high of $9.48. The business's 50-day moving average is $8.68 and its 200-day moving average is $8.77. 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 stock has a market capitalization of $1.28 billion, a PE ratio of -5.22 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The company had revenue of $53.16 million during the quarter. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. As a group, sell-side analysts predict that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Apartment Investment and Management Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 14th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, January 14th.

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.