Apartment Investment and Management to Issue Dividend of $0.02 (NYSE:AIV)

Apartment Investment and Management (NYSE:AIVGet Rating) declared a dividend on Thursday, July 28th, Fidelity reports. Shareholders of record on Wednesday, September 14th will be given a dividend of 0.02 per share by the real estate investment trust on Friday, September 30th. The ex-dividend date is Tuesday, September 13th.

Apartment Investment and Management has raised its dividend payment by an average of 27.9% per year over the last three years.

Apartment Investment and Management Stock Up 1.0 %

Apartment Investment and Management stock opened at $9.13 on Friday. The firm has a market cap of $1.39 billion, a PE ratio of 5.78 and a beta of 1.07. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50 day moving average price is $8.22 and its two-hundred day moving average price is $7.17. Apartment Investment and Management has a twelve month low of $5.22 and a twelve month high of $9.79.

Analysts Set New Price Targets

Several brokerages have recently commented on AIV. StockNews.com upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Monday, August 8th. TheStreet upgraded shares of Apartment Investment and Management from a “d+” rating to a “c+” rating in a research note on Thursday, August 11th.

Institutional Trading of Apartment Investment and Management

A number of hedge funds have recently bought and sold shares of AIV. Advisor Group Holdings Inc. boosted its holdings in Apartment Investment and Management by 25.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,826 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 2,009 shares during the period. Raymond James & Associates acquired a new position in shares of Apartment Investment and Management in the 1st quarter valued at $115,000. Private Advisor Group LLC raised its stake in shares of Apartment Investment and Management by 221.4% in the 1st quarter. Private Advisor Group LLC now owns 69,964 shares of the real estate investment trust’s stock valued at $512,000 after buying an additional 48,194 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Apartment Investment and Management by 36.1% in the 1st quarter. MetLife Investment Management LLC now owns 70,993 shares of the real estate investment trust’s stock valued at $520,000 after buying an additional 18,828 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Apartment Investment and Management by 79.3% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,806,000 shares of the real estate investment trust’s stock valued at $13,220,000 after buying an additional 799,000 shares in the last quarter. 97.41% of the stock is owned by institutional investors.

Apartment Investment and Management Company Profile

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Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco's mission is to make real estate investments where outcomes are enhanced through human capital and substantial value is created for investors, teammates, and the communities in which we operate.

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Dividend History for Apartment Investment and Management (NYSE:AIV)

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