Apartment Investment and Management (NYSE:AIV) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in Apartment Investment and Management (NYSE:AIV) by 33.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,942 shares of the real estate investment trust’s stock after acquiring an additional 18,399 shares during the period. Wells Fargo & Company MN owned approximately 0.05% of Apartment Investment and Management worth $672,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Apartment Investment and Management by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,851,566 shares of the real estate investment trust’s stock worth $16,831,000 after purchasing an additional 8,713 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Apartment Investment and Management by 34.5% during the fourth quarter. JPMorgan Chase & Co. now owns 967,860 shares of the real estate investment trust’s stock worth $8,798,000 after buying an additional 248,329 shares during the period. Thompson Siegel & Walmsley LLC bought a new position in Apartment Investment and Management in the 4th quarter worth approximately $8,155,000. Barclays PLC increased its position in Apartment Investment and Management by 40.7% in 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. Finally, Norges Bank bought a new stake in Apartment Investment and Management during the 4th quarter valued at $5,691,000. 83.26% of the stock is currently 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 research note on Wednesday, February 26th.

Apartment Investment and Management Stock Performance

Shares of AIV opened at $8.07 on Friday. The firm has a market capitalization of $1.14 billion, a PE ratio of -4.66 and a beta of 1.29. 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 has a 50-day moving average price of $8.31 and a 200 day moving average price of $8.60. Apartment Investment and Management has a 52-week low of $6.89 and a 52-week high of $9.49.

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

About Apartment Investment and Management

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.