Apartment Investment and Management (AIV) to Release Quarterly Earnings on Monday

Apartment Investment and Management (NYSE:AIV) is projected to issue its results before the market opens on Monday, February 23rd. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $56.6540 million for the quarter.

Apartment Investment and Management Trading Up 1.1%

NYSE AIV opened at $5.89 on Friday. Apartment Investment and Management has a 52 week low of $5.24 and a 52 week high of $9.13. The firm has a 50 day moving average of $5.87 and a two-hundred day moving average of $6.50. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 8.00. The stock has a market capitalization of $847.91 million, a PE ratio of 3.42 and a beta of 1.35.

Apartment Investment and Management Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $1.45 dividend. The ex-dividend date is Friday, February 27th.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Apartment Investment and Management

Several large investors have recently bought and sold shares of the stock. AQR Capital Management LLC increased its position in shares of Apartment Investment and Management by 66.3% during the first quarter. AQR Capital Management LLC now owns 27,747 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 11,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Apartment Investment and Management by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,692 shares of the real estate investment trust’s stock worth $728,000 after buying an additional 3,635 shares during the last quarter. Creative Planning increased its position in Apartment Investment and Management by 16.4% during the second quarter. Creative Planning now owns 12,162 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 1,712 shares during the period. Franklin Resources Inc. acquired a new position in Apartment Investment and Management during the second quarter worth approximately $204,000. Finally, Quantbot Technologies LP lifted its stake in Apartment Investment and Management by 23.8% in the second quarter. Quantbot Technologies LP now owns 44,831 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 8,625 shares during the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Company Profile

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.