Apartment Investment and Management (NYSE:AIV) Stock Price Up 6.3% – Should You Buy?

Apartment Investment and Management (NYSE:AIV) traded up 6.3% during mid-day trading on Tuesday . The company traded as high as $8.93 and last traded at $8.93. 655,327 shares were traded during mid-day trading, a decline of 48% from the average session volume of 1,263,211 shares. The stock had previously closed at $8.40.

Apartment Investment and Management Stock Down 0.9 %

The business has a 50 day simple moving average of $8.68 and a 200 day simple moving average of $8.77. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -5.22 and a beta of 1.38. 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 posted its earnings results 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). The firm 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%. As a group, equities analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 14th will be issued a $0.60 dividend. The ex-dividend date is Tuesday, January 14th.

Institutional Investors Weigh In On Apartment Investment and Management

A number of hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of Apartment Investment and Management in the 2nd quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Apartment Investment and Management in the second quarter valued at approximately $45,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in Apartment Investment and Management by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,305 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Apartment Investment and Management during the 3rd quarter worth approximately $105,000. Finally, Algert Global LLC purchased a new stake in shares of Apartment Investment and Management in the 2nd quarter valued at approximately $109,000. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Company Profile

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.