Apartment Investment and Management (NYSE:AIV) Share Price Passes Above 200 Day Moving Average - Here's Why

Apartment Investment and Management (NYSE:AIV - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.82 and traded as high as $9.06. Apartment Investment and Management shares last traded at $8.99, with a volume of 975,992 shares trading hands.

Apartment Investment and Management Stock Down 0.4 %

The company's 50-day moving average price is $8.77 and its 200 day moving average price is $8.82. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market cap of $1.25 billion, a PE ratio of -5.13 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.05). The business had revenue of $53.16 million for the quarter. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. As a group, analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Apartment Investment and Management Announces Dividend

The business also recently declared a special dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th were given a $0.60 dividend. The ex-dividend date was Tuesday, January 14th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AIV. Saybrook Capital NC bought a new position in Apartment Investment and Management in the 4th quarter worth $1,413,000. AlphaQuest LLC boosted its stake in shares of Apartment Investment and Management by 43.5% in the fourth quarter. AlphaQuest LLC now owns 62,777 shares of the real estate investment trust's stock worth $571,000 after acquiring an additional 19,028 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Apartment Investment and Management by 0.5% during the fourth 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 in the last quarter. Metis Global Partners LLC raised its stake in Apartment Investment and Management by 11.4% during the 4th quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust's stock valued at $136,000 after purchasing an additional 1,526 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its holdings in Apartment Investment and Management by 60.7% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 96,460 shares of the real estate investment trust's stock worth $877,000 after purchasing an additional 36,432 shares in the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

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.