Apartment Investment and Management Company (NYSE:AIV) to Issue $1.45 Special Dividend

Apartment Investment and Management Company (NYSE:AIV) declared a special dividend on Thursday, February 5th. Stockholders of record on Friday, February 27th will be given a dividend of 1.45 per share by the real estate investment trust on Friday, March 13th. The ex-dividend date is Friday, February 27th.

Apartment Investment and Management has decreased its dividend payment by an average of 1.0%annually over the last three years.

Apartment Investment and Management Stock Up 0.4%

Shares of NYSE AIV traded up $0.03 during mid-day trading on Wednesday, reaching $5.61. 2,855,613 shares of the company traded hands, compared to its average volume of 2,030,891. The stock has a market cap of $807.57 million, a PE ratio of 3.26 and a beta of 1.35. The company’s fifty day moving average is $5.87 and its two-hundred day moving average is $6.41. Apartment Investment and Management has a fifty-two week low of $5.24 and a fifty-two week high of $9.13. The company has a debt-to-equity ratio of 8.00, a quick ratio of 4.97 and a current ratio of 4.97.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a research note 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.00.

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.