JPMorgan Chase & Co. Has $6.51 Million Stake in Apartment Investment and Management (NYSE:AIV)

JPMorgan Chase & Co. raised its stake in shares of Apartment Investment and Management (NYSE:AIV) by 9.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 719,531 shares of the real estate investment trust’s stock after buying an additional 63,888 shares during the quarter. JPMorgan Chase & Co.’s holdings in Apartment Investment and Management were worth $6,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Algert Global LLC grew its holdings in Apartment Investment and Management by 570.7% during the third quarter. Algert Global LLC now owns 87,860 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 74,760 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Apartment Investment and Management by 2.5% in the 3rd 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 buying an additional 44,668 shares in the last quarter. Barclays PLC raised its stake in Apartment Investment and Management by 40.7% during the 3rd quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust’s stock worth $5,948,000 after buying an additional 190,440 shares during the period. FMR LLC lifted its holdings in Apartment Investment and Management by 39.8% during the third quarter. FMR LLC now owns 15,438 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 4,399 shares in the last quarter. Finally, Meros Investment Management LP grew its stake in 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 valued at $6,218,000 after acquiring an additional 178,998 shares during the period. 83.26% of the stock is owned by institutional investors.

Apartment Investment and Management Stock Up 2.4 %

Shares of Apartment Investment and Management stock opened at $9.10 on Thursday. Apartment Investment and Management has a 1 year low of $7.06 and a 1 year high of $9.48. 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 company has a market capitalization of $1.29 billion, a P/E ratio of -5.26 and a beta of 1.38. The business has a 50-day moving average of $8.68 and a two-hundred day moving average of $8.77.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results 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). Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The company had revenue of $53.16 million for the quarter. As a group, equities analysts predict that Apartment Investment and Management will post -0.8 EPS for the current year.

Apartment Investment and Management Dividend Announcement

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 given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. Apartment Investment and Management’s dividend payout ratio is currently -58.38%.

Apartment Investment and Management 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.