Apartment Investment and Management (NYSE:AIV) Stock Passes Above 200-Day Moving Average - Time to Sell?

Apartment Investment and Management (NYSE:AIV - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.80 and traded as high as $9.05. Apartment Investment and Management shares last traded at $8.94, with a volume of 1,222,904 shares changing hands.

Apartment Investment and Management Trading Up 0.1 %

The company has a market cap of $1.26 billion, a PE ratio of -5.16 and a beta of 1.38. The company's 50 day simple moving average is $8.72 and its two-hundred day simple moving average is $8.80. 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 data 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). The company had revenue of $53.16 million for the quarter. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. As a group, sell-side analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Apartment Investment and Management Announces Dividend

The company 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 dividend of $0.60 per share. The ex-dividend date is Tuesday, January 14th.

Institutional Trading of Apartment Investment and Management

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted 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 valued at $6,505,000 after buying an additional 63,888 shares during the period. Algert Global LLC boosted its holdings in Apartment Investment and Management by 570.7% in the third quarter. Algert Global LLC now owns 87,860 shares of the real estate investment trust's stock valued at $794,000 after purchasing an additional 74,760 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Apartment Investment and Management by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,842,853 shares of the real estate investment trust's stock valued at $16,659,000 after purchasing an additional 44,668 shares during the period. Barclays PLC grew its stake in Apartment Investment and Management by 40.7% during the 3rd quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust's stock worth $5,948,000 after purchasing an additional 190,440 shares in the last quarter. Finally, FMR LLC increased its holdings in Apartment Investment and Management by 39.8% during the 3rd quarter. FMR LLC now owns 15,438 shares of the real estate investment trust's stock worth $140,000 after purchasing an additional 4,399 shares during the period. Institutional investors and hedge funds own 83.26% of the company's stock.

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.