Apartment Investment and Management (NYSE:AIV) Trading 6.3% Higher - Should You Buy?

Shares of Apartment Investment and Management (NYSE:AIV - Get Free Report) shot up 6.3% during trading on Tuesday . The stock traded as high as $8.93 and last traded at $8.93. 655,327 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 1,263,211 shares. The stock had previously closed at $8.40.

Apartment Investment and Management Price Performance

The firm has a market cap of $1.25 billion, a P/E ratio of -5.13 and a beta of 1.38. The firm's fifty day simple moving average is $8.67 and its 200 day simple moving average is $8.76. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its quarterly 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). Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. The firm had revenue of $53.16 million for the quarter. As a group, analysts forecast that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Apartment Investment and Management Dividend Announcement

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

Hedge Funds Weigh In On Apartment Investment and Management

Several institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised its position in shares of Apartment Investment and Management by 9.9% during the 2nd quarter. Millennium Management LLC now owns 6,001,979 shares of the real estate investment trust's stock valued at $49,756,000 after buying an additional 538,330 shares in the last quarter. DigitalBridge Group Inc. raised its position in Apartment Investment and Management by 20.1% during the second quarter. DigitalBridge Group Inc. now owns 1,893,949 shares of the real estate investment trust's stock valued at $15,701,000 after purchasing an additional 316,790 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Apartment Investment and Management by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,033 shares of the real estate investment trust's stock valued at $15,568,000 after purchasing an additional 9,646 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Apartment Investment and Management by 2.5% in the 3rd 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 last quarter. Finally, Rush Island Management LP purchased a new position in shares of Apartment Investment and Management in the 3rd quarter worth approximately $15,999,000. Institutional investors own 83.26% of the company's stock.

About Apartment Investment and Management

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.