Fmr LLC Increases Position in Apartment Investment and Management (NYSE:AIV)

Fmr LLC raised its position in shares of Apartment Investment and Management (NYSE:AIV) by 39.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,438 shares of the real estate investment trust’s stock after buying an additional 4,399 shares during the period. Fmr LLC’s holdings in Apartment Investment and Management were worth $140,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP lifted its stake in Apartment Investment and Management by 11.3% during the 3rd quarter. Quantbot Technologies LP now owns 105,996 shares of the real estate investment trust’s stock worth $958,000 after acquiring an additional 10,771 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Apartment Investment and Management by 2.9% during the third quarter. Daiwa Securities Group Inc. now owns 42,923 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 1,220 shares during the period. Algert Global LLC lifted its position in shares of 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 worth $794,000 after purchasing an additional 74,760 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Apartment Investment and Management by 2.5% in 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 period. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Apartment Investment and Management in the third quarter valued at approximately $105,000. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Price Performance

Shares of AIV opened at $8.27 on Monday. The company has a market cap of $1.17 billion, a P/E ratio of -4.78 and a beta of 1.39. Apartment Investment and Management has a fifty-two week low of $7.06 and a fifty-two week high of $9.48. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. The firm’s 50 day moving average price is $8.65 and its 200 day moving average price is $8.69.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The company had revenue of $53.16 million for the quarter. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. On average, research analysts forecast that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Announces Dividend

The company also recently announced 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 is Tuesday, January 14th. Apartment Investment and Management’s payout ratio is -58.38%.

Apartment Investment and Management Profile

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco’s mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.