Apartment Investment and Management (NYSE:AIV) Sets New 52-Week Low – Here’s Why

Apartment Investment and Management Company (NYSE:AIV) reached a new 52-week low on Monday . The company traded as low as $3.91 and last traded at $3.9950, with a volume of 2016 shares traded. The stock had previously closed at $3.95.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Apartment Investment and Management in a research note on Friday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.00.

Apartment Investment and Management Stock Up 1.6%

The company has a market cap of $577.64 million, a P/E ratio of 1.04 and a beta of 1.35. The firm’s 50-day simple moving average is $5.16 and its 200 day simple moving average is $5.86. The company has a debt-to-equity ratio of 1.87, a quick ratio of 3.46 and a current ratio of 3.46.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Monday, March 2nd. The real estate investment trust reported $2.08 earnings per share for the quarter, topping the consensus estimate of ($0.11) by $2.19. Apartment Investment and Management had a net margin of 316.79% and a return on equity of 9.05%. The company had revenue of $34.64 million for the quarter, compared to analyst estimates of $56.65 million. On average, research analysts forecast that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Announces Dividend

The company also recently declared a special dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $1.45 dividend. The ex-dividend date was Friday, February 27th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Quadrant Capital Group LLC increased its stake in shares of Apartment Investment and Management by 72.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,641 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,951 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Apartment Investment and Management by 2,561.7% during the fourth quarter. Parallel Advisors LLC now owns 4,658 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 4,483 shares during the period. CWM LLC lifted its position in shares of Apartment Investment and Management by 163.7% during the 4th quarter. CWM LLC now owns 5,730 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 3,557 shares during the period. Raymond James Financial Inc. bought a new position in Apartment Investment and Management in the 2nd quarter valued at about $59,000. Finally, Federation des caisses Desjardins du Quebec boosted its position in shares of Apartment Investment and Management by 25.8% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 10,418 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 2,137 shares in the last quarter. 83.26% of the stock is currently owned by institutional investors.

About Apartment Investment and Management

Apartment Investment and Management Company (NYSE:AIV), commonly known as Aimco, is a real estate investment trust focused on the ownership and operation of multifamily residential communities in the United States. The company acquires, develops and manages apartment properties that offer a range of living environments—from urban high-rise buildings to garden-style communities. Aimco’s core business includes leasing apartments, providing on-site services and amenities, and overseeing property maintenance to drive occupancy and resident satisfaction.

Founded in 1994 as part of GMAC Residential, Aimco became a publicly traded REIT with headquarters in Denver, Colorado.