Apartment Investment and Management (NYSE:AIV) Plans $0.60 Special Dividend

Apartment Investment and Management (NYSE:AIV) announced a special dividend on Thursday, December 19th,RTT News reports. Investors of record on Tuesday, January 14th will be given a dividend of 0.60 per share by the real estate investment trust on Friday, January 31st. The ex-dividend date is Tuesday, January 14th.

Apartment Investment and Management Stock Up 3.0 %

Shares of AIV opened at $8.27 on Friday. The firm has a 50 day simple moving average of $8.65 and a two-hundred day simple moving average of $8.68. The company has a market cap of $1.17 billion, a P/E ratio of -4.78 and a beta of 1.39. Apartment Investment and Management has a one year low of $7.06 and a one year high of $9.48. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick 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 for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business had revenue of $53.16 million for the quarter. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. Research analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

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.