Apartment Investment and Management (NYSE:AIV) Sets New 1-Year Low - Should You Sell?

Apartment Investment and Management (NYSE:AIV - Get Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as $7.42 and last traded at $7.51, with a volume of 64287 shares traded. The stock had previously closed at $7.83.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Apartment Investment and Management from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th.

Apartment Investment and Management Price Performance

The company has a market cap of $1.08 billion, a PE ratio of -4.39 and a beta of 1.29. The stock has a fifty day moving average price of $8.62 and a 200-day moving average price of $8.70. 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 (NYSE:AIV - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share for the quarter, beating 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 firm had revenue of $54.17 million for the quarter, compared to analyst estimates of $53.11 million. On average, equities analysts expect that Apartment Investment and Management will post -0.8 earnings per share for the current year.

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Institutional Trading of Apartment Investment and Management

Several institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its position in Apartment Investment and Management by 39.8% in the 3rd quarter. FMR LLC now owns 15,438 shares of the real estate investment trust's stock worth $140,000 after buying an additional 4,399 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Apartment Investment and Management by 2.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 167,300 shares of the real estate investment trust's stock worth $1,512,000 after acquiring an additional 3,600 shares in the last quarter. Barclays PLC boosted its position in 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 last quarter. Tidal Investments LLC boosted its position in Apartment Investment and Management by 180.7% during the third quarter. Tidal Investments LLC now owns 40,601 shares of the real estate investment trust's stock valued at $367,000 after purchasing an additional 26,136 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Apartment Investment and Management by 9.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 719,531 shares of the real estate investment trust's stock worth $6,505,000 after purchasing an additional 63,888 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

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.