Apartment Investment and Management (NYSE:AIV - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $8.61, but opened at $9.05. Apartment Investment and Management shares last traded at $9.08, with a volume of 361,882 shares trading hands.
Apartment Investment and Management Stock Performance
The stock has a market capitalization of $1.26 billion, a P/E ratio of -5.17 and a beta of 1.38. The stock has a 50 day simple moving average of $8.64 and a two-hundred day simple moving average of $8.74. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28.
Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued its earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The business had revenue of $53.16 million for the quarter. On average, equities analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.
Apartment Investment and Management Dividend Announcement
The company also recently disclosed a special dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, January 14th. Apartment Investment and Management's dividend payout ratio is presently -58.38%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIV. Quarry LP bought a new stake in shares of Apartment Investment and Management in the second quarter valued at about $39,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Apartment Investment and Management by 34.8% in the 3rd 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 during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Apartment Investment and Management in the 2nd quarter valued at about $45,000. Landscape Capital Management L.L.C. acquired a new position in shares of Apartment Investment and Management during the 3rd quarter worth approximately $105,000. Finally, Headlands Technologies LLC bought a new position in shares of Apartment Investment and Management during the second quarter worth approximately $104,000. 83.26% of the stock is owned by institutional investors and hedge funds.
Apartment Investment and Management Company Profile
(
Get Free Report)
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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