Apartment Investment and Management (NYSE:AIV - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $9.22 and last traded at $9.20, with a volume of 87963 shares changing hands. The stock had previously closed at $9.14.
Apartment Investment and Management Stock Performance
The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.92. The stock has a market capitalization of $1.35 billion, a PE ratio of -7.90 and a beta of 1.37. The firm's 50-day simple moving average is $8.66 and its two-hundred day simple moving average is $8.17.
Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.33). Apartment Investment and Management had a negative return on equity of 33.35% and a negative net margin of 86.84%. The firm had revenue of $51.15 million for the quarter, compared to analysts' expectations of $50.84 million.
Hedge Funds Weigh In On Apartment Investment and Management
Institutional investors and hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC bought a new stake in Apartment Investment and Management in the first quarter worth $38,000. Quarry LP bought a new stake in Apartment Investment and Management in the second quarter worth $39,000. Russell Investments Group Ltd. boosted its holdings in Apartment Investment and Management by 398.2% in the fourth quarter. Russell Investments Group Ltd. now owns 5,092 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 4,070 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Apartment Investment and Management in the second quarter worth $45,000. Finally, Headlands Technologies LLC bought a new stake in Apartment Investment and Management in the second quarter worth $104,000. 83.26% of the stock is currently owned by hedge funds and other institutional investors.
About Apartment Investment and Management
(
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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.
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