Apartment Investment and Management (NYSE:AIV) Shares Gap Up to $8.82

Apartment Investment and Management (NYSE:AIV - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $8.82, but opened at $9.01. Apartment Investment and Management shares last traded at $8.91, with a volume of 497,719 shares.

Apartment Investment and Management Trading Up 3.6 %

The firm has a fifty day moving average of $8.61 and a 200-day moving average of $8.15. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.51 and a current ratio of 1.51. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -7.55 and a beta of 1.37.

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) EPS 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 company had revenue of $51.15 million for the quarter, compared to analyst estimates of $50.84 million.

Institutional Investors Weigh In On Apartment Investment and Management

Large investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its position in Apartment Investment and Management by 41.6% in the 4th quarter. Mackenzie Financial Corp now owns 14,476 shares of the real estate investment trust's stock valued at $113,000 after buying an additional 4,252 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in Apartment Investment and Management by 12.4% in the fourth quarter. Handelsbanken Fonder AB now owns 29,948 shares of the real estate investment trust's stock valued at $234,000 after purchasing an additional 3,300 shares during the last quarter. New York State Common Retirement Fund grew its stake in Apartment Investment and Management by 27.3% during the 4th quarter. New York State Common Retirement Fund now owns 62,790 shares of the real estate investment trust's stock valued at $492,000 after purchasing an additional 13,479 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Apartment Investment and Management by 398.2% during the 4th 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 during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Apartment Investment and Management by 18.0% in the 4th quarter. Van ECK Associates Corp now owns 20,496 shares of the real estate investment trust's stock valued at $160,000 after purchasing an additional 3,127 shares in the last quarter. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Company Profile

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.