Apartment Investment and Management (NYSE:AIV) Reaches New 12-Month Low – Should You Sell?

Apartment Investment and Management Company (NYSE:AIV) reached a new 52-week low on Friday . The company traded as low as $4.34 and last traded at $4.3350, with a volume of 33000 shares. The stock had previously closed at $5.80.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Apartment Investment and Management presently has an average rating of “Hold” and a consensus price target of $10.00.

Apartment Investment and Management Stock Performance

The stock has a market cap of $621.71 million, a price-to-earnings ratio of 2.51 and a beta of 1.35. The firm’s 50-day moving average is $5.87 and its two-hundred day moving average is $6.41. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 8.00.

Apartment Investment and Management Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $1.45 dividend. The ex-dividend date is Friday, February 27th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in Apartment Investment and Management by 66.3% in the 1st quarter. AQR Capital Management LLC now owns 27,747 shares of the real estate investment trust’s stock valued at $244,000 after purchasing an additional 11,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Apartment Investment and Management by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,692 shares of the real estate investment trust’s stock valued at $728,000 after buying an additional 3,635 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Apartment Investment and Management in the second quarter worth about $1,081,000. Teacher Retirement System of Texas lifted its stake in shares of Apartment Investment and Management by 8.3% in the second quarter. Teacher Retirement System of Texas now owns 21,189 shares of the real estate investment trust’s stock worth $183,000 after buying an additional 1,631 shares in the last quarter. Finally, Corton Capital Inc. acquired a new position in Apartment Investment and Management during the second quarter worth about $142,000. 83.26% of the stock is owned by institutional investors and hedge funds.

About Apartment Investment and Management

Apartment Investment and Management Company (NYSE:AIV), commonly known as Aimco, is a real estate investment trust focused on the ownership and operation of multifamily residential communities in the United States. The company acquires, develops and manages apartment properties that offer a range of living environments—from urban high-rise buildings to garden-style communities. Aimco’s core business includes leasing apartments, providing on-site services and amenities, and overseeing property maintenance to drive occupancy and resident satisfaction.

Founded in 1994 as part of GMAC Residential, Aimco became a publicly traded REIT with headquarters in Denver, Colorado.