Shares of Apartment Investment and Management (NYSE:AIV - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.23 and traded as high as $9.14. Apartment Investment and Management shares last traded at $9.03, with a volume of 622,045 shares traded.
Apartment Investment and Management Price Performance
The company has a debt-to-equity ratio of 3.81, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -7.58 and a beta of 1.37. The business's 50-day moving average price is $8.80 and its two-hundred day moving average price is $8.23.
Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.33). Apartment Investment and Management had a negative return on equity of 51.94% and a negative net margin of 113.14%. The company had revenue of $51.15 million for the quarter, compared to analyst estimates of $50.84 million.
Hedge Funds Weigh In On Apartment Investment and Management
A number of hedge funds have recently added to or reduced their stakes in AIV. Irenic Capital Management LP boosted its holdings in Apartment Investment and Management by 502.3% in the fourth quarter. Irenic Capital Management LP now owns 2,780,939 shares of the real estate investment trust's stock worth $21,775,000 after purchasing an additional 2,319,208 shares during the period. Millennium Management LLC boosted its holdings in Apartment Investment and Management by 9.9% in the second quarter. Millennium Management LLC now owns 6,001,979 shares of the real estate investment trust's stock worth $49,756,000 after purchasing an additional 538,330 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Apartment Investment and Management in the second quarter worth $3,921,000. DigitalBridge Group Inc. boosted its holdings in Apartment Investment and Management by 20.1% in the second quarter. DigitalBridge Group Inc. now owns 1,893,949 shares of the real estate investment trust's stock worth $15,701,000 after purchasing an additional 316,790 shares during the period. Finally, Quest Partners LLC boosted its holdings in Apartment Investment and Management by 354.8% in the second quarter. Quest Partners LLC now owns 220,350 shares of the real estate investment trust's stock worth $1,827,000 after purchasing an additional 171,905 shares during the period. Institutional investors and hedge funds own 83.26% of the company's stock.
Apartment Investment and Management Company Profile
(
Get Free Report)
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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