Apartment Investment and Management (NYSE:AIV) Shares Gap Up - Should You Buy?

Apartment Investment and Management (NYSE:AIV - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $8.39, but opened at $8.80. Apartment Investment and Management shares last traded at $9.08, with a volume of 356,312 shares.

Apartment Investment and Management Trading Up 8.3 %

The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28. The company has a market cap of $1.28 billion, a PE ratio of -5.25 and a beta of 1.39. The company has a fifty day simple moving average of $8.60 and a two-hundred day simple moving average of $8.70.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $53.16 million for the quarter. Analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current year.

Apartment Investment and Management Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 14th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. Apartment Investment and Management's dividend payout ratio (DPR) is presently -58.38%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP purchased a new stake in Apartment Investment and Management during the second quarter worth approximately $39,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Apartment Investment and Management by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust's stock worth $46,000 after buying an additional 1,305 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Apartment Investment and Management during the 2nd quarter worth approximately $45,000. Landscape Capital Management L.L.C. acquired a new position in shares of Apartment Investment and Management in the 3rd quarter valued at $105,000. Finally, Headlands Technologies LLC purchased a new position in shares of Apartment Investment and Management in the 2nd quarter valued at $104,000. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Company Profile

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.