Apartment Investment and Management (NYSE:AIV) Shares Gap Up – Should You Buy?

Apartment Investment and Management (NYSE:AIV)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $8.39, but opened at $8.80. Apartment Investment and Management shares last traded at $9.08, with a volume of 356,312 shares.

Apartment Investment and Management Price Performance

The company’s 50-day simple moving average is $8.62 and its 200 day simple moving average is $8.71. The company has a market cap of $1.28 billion, a PE ratio of -5.25 and a beta of 1.39. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. The company had revenue of $53.16 million during the quarter. On average, sell-side analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. Apartment Investment and Management’s payout ratio is presently -58.38%.

Institutional Trading of Apartment Investment and Management

A number of large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Apartment Investment and Management by 5.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 638,901 shares of the real estate investment trust’s stock worth $5,296,000 after acquiring an additional 31,052 shares in the last quarter. Quest Partners LLC increased its holdings in Apartment Investment and Management by 354.8% in the second quarter. Quest Partners LLC now owns 220,350 shares of the real estate investment trust’s stock valued at $1,827,000 after buying an additional 171,905 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Apartment Investment and Management in the second quarter valued at $104,000. Beverly Hills Private Wealth LLC raised its stake in Apartment Investment and Management by 45.9% in the second quarter. Beverly Hills Private Wealth LLC now owns 163,663 shares of the real estate investment trust’s stock valued at $1,357,000 after buying an additional 51,495 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Apartment Investment and Management by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,033 shares of the real estate investment trust’s stock worth $15,568,000 after buying an additional 9,646 shares during the last quarter. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

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.