Apartment Investment and Management (NYSE:AIV) Reaches New 1-Year Low – Here’s What Happened

Shares of Apartment Investment and Management Company (NYSE:AIV) reached a new 52-week low during trading on Monday . The stock traded as low as $4.18 and last traded at $4.1850, with a volume of 1310218 shares changing hands. The stock had previously closed at $4.21.

Analyst Ratings Changes

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

Apartment Investment and Management Stock Performance

The company has a market capitalization of $602.10 million, a PE ratio of 1.08 and a beta of 1.35. The stock’s fifty day simple moving average is $5.45 and its 200-day simple moving average is $6.07. The company has a debt-to-equity ratio of 1.87, a quick ratio of 3.46 and a current ratio of 3.46.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Monday, March 2nd. The real estate investment trust reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $2.19. The business had revenue of $34.64 million during the quarter, compared to the consensus estimate of $56.65 million. Apartment Investment and Management had a net margin of 316.79% and a return on equity of 9.05%. As a group, equities analysts predict that Apartment Investment and Management Company will post -0.8 earnings per share for the current year.

Apartment Investment and Management Dividend Announcement

The company also recently announced a special dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $1.45 dividend. The ex-dividend date of this dividend was Friday, February 27th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC boosted its holdings in shares of Apartment Investment and Management by 72.5% during the fourth quarter. Quadrant Capital Group LLC now owns 4,641 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,951 shares during the last quarter. Parallel Advisors LLC increased its stake in Apartment Investment and Management by 2,561.7% in the fourth quarter. Parallel Advisors LLC now owns 4,658 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 4,483 shares during the last quarter. CWM LLC lifted its position in Apartment Investment and Management by 163.7% during the fourth quarter. CWM LLC now owns 5,730 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 3,557 shares during the period. Raymond James Financial Inc. acquired a new stake in Apartment Investment and Management in the 2nd quarter worth about $59,000. Finally, Federation des caisses Desjardins du Quebec boosted its stake in Apartment Investment and Management by 25.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 10,418 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 2,137 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

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.