StockNews.com upgraded shares of Apartment Investment and Management (NYSE:AIV - Free Report) from a sell rating to a hold rating in a research note published on Wednesday.
Apartment Investment and Management Trading Up 2.1 %
Shares of NYSE:AIV traded up $0.19 during trading on Wednesday, reaching $9.08. 1,770,149 shares of the company were exchanged, compared to its average volume of 1,203,671. The business's fifty day simple moving average is $8.86 and its 200-day simple moving average is $8.82. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. Apartment Investment and Management has a 12-month low of $7.28 and a 12-month high of $9.48. The firm has a market capitalization of $1.29 billion, a PE ratio of -5.25 and a beta of 1.38.
Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its quarterly earnings data 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 company had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.11 million. On average, research analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current year.
Apartment Investment and Management Announces Dividend
The firm also recently disclosed a special dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 14th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. Apartment Investment and Management's dividend payout ratio (DPR) is presently -136.49%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 valued at $46,000 after purchasing an additional 1,305 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Apartment Investment and Management during the fourth quarter worth $55,000. Point72 Asset Management L.P. bought a new stake in Apartment Investment and Management during the 4th quarter valued at $77,000. Xponance Inc. bought a new stake in Apartment Investment and Management during the 4th quarter valued at $93,000. Finally, Cerity Partners LLC purchased a new position in shares of Apartment Investment and Management in the 4th quarter valued at $94,000. Hedge funds and other institutional investors own 83.26% of the company's stock.
About Apartment Investment and Management
(
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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.
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