JPMorgan Chase & Co. Purchases 63,888 Shares of Apartment Investment and Management (NYSE:AIV)

JPMorgan Chase & Co. raised its position in Apartment Investment and Management (NYSE:AIV) by 9.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 719,531 shares of the real estate investment trust’s stock after buying an additional 63,888 shares during the period. JPMorgan Chase & Co. owned 0.51% of Apartment Investment and Management worth $6,505,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AIV. Quarry LP acquired a new position in Apartment Investment and Management during the 2nd quarter worth about $39,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Apartment Investment and Management by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,305 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Apartment Investment and Management during the second quarter valued at approximately $45,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Apartment Investment and Management in the third quarter valued at approximately $105,000. Finally, Algert Global LLC bought a new position in Apartment Investment and Management in the 2nd quarter worth approximately $109,000. 83.26% of the stock is owned by institutional investors.

Apartment Investment and Management Stock Up 2.4 %

NYSE:AIV opened at $9.10 on Thursday. The stock’s fifty day moving average price is $8.68 and its two-hundred day moving average price is $8.77. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -5.26 and a beta of 1.38. Apartment Investment and Management has a 52-week low of $7.06 and a 52-week high of $9.48. 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 (NYSE:AIV) last posted its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The firm had revenue of $53.16 million during the quarter. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. On average, analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current year.

Apartment Investment and Management Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 14th will be issued a $0.60 dividend. The ex-dividend date is Tuesday, January 14th. Apartment Investment and Management’s dividend payout ratio is currently -58.38%.

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.