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

JPMorgan Chase & Co. increased its stake in Apartment Investment and Management (NYSE:AIV - Free Report) by 34.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 967,860 shares of the real estate investment trust's stock after purchasing an additional 248,329 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.69% of Apartment Investment and Management worth $8,798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AIV. FMR LLC raised its position in shares of Apartment Investment and Management by 39.8% in the third quarter. FMR LLC now owns 15,438 shares of the real estate investment trust's stock valued at $140,000 after purchasing an additional 4,399 shares during the period. Barclays PLC raised its holdings 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 valued at $5,948,000 after acquiring an additional 190,440 shares during the period. Tidal Investments LLC lifted its position in shares of Apartment Investment and Management by 180.7% during the third quarter. Tidal Investments LLC now owns 40,601 shares of the real estate investment trust's stock worth $367,000 after acquiring an additional 26,136 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Apartment Investment and Management by 101.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 81,869 shares of the real estate investment trust's stock worth $744,000 after acquiring an additional 41,293 shares during the period. Finally, abrdn plc grew its position in shares of Apartment Investment and Management by 30.6% in the fourth quarter. abrdn plc now owns 37,561 shares of the real estate investment trust's stock valued at $315,000 after purchasing an additional 8,804 shares in the last quarter. 83.26% of the stock is owned by 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.

Apartment Investment and Management Price Performance

Apartment Investment and Management stock traded up $0.16 during midday trading on Friday, reaching $7.83. 844,345 shares of the stock were exchanged, compared to its average volume of 979,630. The company's fifty day moving average is $8.51 and its 200-day moving average is $8.65. 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 52 week low of $6.89 and a 52 week high of $9.49. The firm has a market cap of $1.11 billion, a PE ratio of -4.53 and a beta of 1.29.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The business had revenue of $54.17 million during the quarter, compared to analysts' expectations of $53.11 million. On average, sell-side analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current year.

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.