Apartment Investment and Management Company $AIV Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Apartment Investment and Management Company (NYSE:AIV) by 40.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 666,654 shares of the real estate investment trust’s stock after purchasing an additional 190,738 shares during the quarter. JPMorgan Chase & Co.’s holdings in Apartment Investment and Management were worth $5,287,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apartment Investment and Management in a research report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Apartment Investment and Management has a consensus rating of “Hold” and an average target price of $10.00.

Apartment Investment and Management Trading Down 1.1%

Shares of NYSE:AIV opened at $4.03 on Thursday. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 1.87. Apartment Investment and Management Company has a 12-month low of $3.93 and a 12-month high of $8.87. The business has a 50 day moving average of $5.04 and a two-hundred day moving average of $5.80. The company has a market capitalization of $579.08 million, a PE ratio of 1.04 and a beta of 1.29.

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

Apartment Investment and Management Dividend Announcement

The company also recently declared a special dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $1.45 per share. The ex-dividend date was Friday, February 27th.

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.