Geode Capital Management LLC Has $30.10 Million Stock Holdings in Apartment Investment and Management (NYSE:AIV)

Geode Capital Management LLC decreased its holdings in shares of Apartment Investment and Management (NYSE:AIV) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,310,483 shares of the real estate investment trust’s stock after selling 73,373 shares during the period. Geode Capital Management LLC owned 2.34% of Apartment Investment and Management worth $30,100,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Apartment Investment and Management by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 719,531 shares of the real estate investment trust’s stock worth $6,505,000 after buying an additional 63,888 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in 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 purchasing an additional 41,293 shares during the period. Norges Bank acquired a new stake in Apartment Investment and Management in the fourth quarter worth $5,691,000. Barclays PLC raised its holdings in shares of Apartment Investment and Management by 40.7% during the third quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust’s stock valued at $5,948,000 after purchasing an additional 190,440 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in shares of Apartment Investment and Management by 2.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 190,795 shares of the real estate investment trust’s stock worth $1,587,000 after purchasing an additional 4,173 shares in the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

Shares of AIV opened at $7.68 on Thursday. The business’s fifty day moving average is $8.55 and its 200 day moving average is $8.67. Apartment Investment and Management has a 12-month low of $6.89 and a 12-month high of $9.49. 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 stock has a market cap of $1.09 billion, a P/E ratio of -4.44 and a beta of 1.29.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The firm had revenue of $54.17 million for the quarter, compared to analyst estimates of $53.11 million. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. Sell-side analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th.

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.