JPMorgan Chase & Co. Boosts Holdings in Apartment Investment and Management Company $AIV

JPMorgan Chase & Co. raised its position in Apartment Investment and Management Company (NYSE:AIV) by 40.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 666,654 shares of the real estate investment trust’s stock after acquiring an additional 190,738 shares during the period. JPMorgan Chase & Co. owned approximately 0.46% of Apartment Investment and Management worth $5,287,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Apartment Investment and Management during the second quarter worth $59,000. Diversified Trust Co acquired a new stake in shares of Apartment Investment and Management in the 3rd quarter worth $82,000. Creative Planning grew its stake in Apartment Investment and Management by 16.4% during the 2nd quarter. Creative Planning now owns 12,162 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 1,712 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Apartment Investment and Management during the 3rd quarter valued at about $105,000. Finally, Legato Capital Management LLC acquired a new position in Apartment Investment and Management during the 3rd quarter valued at about $105,000. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Trading Down 1.1%

NYSE AIV opened at $4.03 on Thursday. Apartment Investment and Management Company has a 12-month low of $3.93 and a 12-month high of $8.87. The company has a fifty day simple moving average of $5.04 and a two-hundred day simple moving average of $5.80. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 1.87. The stock has a market cap of $579.08 million, a P/E ratio of 1.04 and a beta of 1.29.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Monday, March 2nd. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $2.19. The firm had revenue of $34.64 million for the quarter, compared to analyst estimates of $56.65 million. Apartment Investment and Management had a net margin of 316.79% and a return on equity of 9.05%. On average, analysts forecast that Apartment Investment and Management Company will post -0.8 earnings per share for the current year.

Apartment Investment and Management Announces Dividend

The company also recently disclosed a special dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $1.45 dividend. The ex-dividend date of this dividend was Friday, February 27th.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.00.

Apartment Investment and Management Profile

Apartment Investment and Management Company (NYSE:AIV), commonly known as Aimco, is a real estate investment trust focused on the ownership and operation of multifamily residential communities in the United States. The company acquires, develops and manages apartment properties that offer a range of living environments—from urban high-rise buildings to garden-style communities. Aimco’s core business includes leasing apartments, providing on-site services and amenities, and overseeing property maintenance to drive occupancy and resident satisfaction.

Founded in 1994 as part of GMAC Residential, Aimco became a publicly traded REIT with headquarters in Denver, Colorado.