Apartment Investment and Management (NYSE:AIV) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Apartment Investment and Management (NYSE:AIV) from a sell rating to a hold rating in a research note released on Wednesday.

Apartment Investment and Management Stock Performance

Shares of NYSE AIV opened at $9.08 on Wednesday. The business’s 50-day moving average price is $8.85 and its two-hundred day moving average price is $8.82. 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 has a one year low of $7.28 and a one year high of $9.48. The company has a market capitalization of $1.28 billion, a P/E ratio of -5.25 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The firm had revenue of $54.17 million for the quarter, compared to the consensus estimate of $53.11 million. Analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Announces Dividend

The company also recently announced a special dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. Apartment Investment and Management’s dividend payout ratio (DPR) is currently -136.49%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Apartment Investment and Management by 34.8% during the 3rd 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 in the last quarter. Headlands Technologies LLC bought a new stake in shares of Apartment Investment and Management during the 4th quarter worth about $55,000. Point72 Asset Management L.P. bought a new stake in shares of Apartment Investment and Management during the 4th quarter worth about $77,000. Xponance Inc. bought a new stake in shares of Apartment Investment and Management during the 4th quarter worth about $93,000. Finally, Cerity Partners LLC bought a new stake in shares of Apartment Investment and Management during the 4th quarter worth about $94,000. Hedge funds and other institutional investors own 83.26% of the company’s stock.

About Apartment Investment and Management

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.