Apartment Investment and Management (NYSE:AIV) Sees Strong Trading Volume

Apartment Investment and Management (NYSE:AIV) saw unusually-strong trading volume on Tuesday . Approximately 3,137,954 shares traded hands during mid-day trading, an increase of 218% from the previous session’s volume of 987,667 shares.The stock last traded at $7.97 and had previously closed at $8.06.

Analysts Set New Price Targets

AIV has been the subject of several research reports. TheStreet raised shares of Apartment Investment and Management from a “d+” rating to a “c-” rating in a report on Tuesday, January 16th. StockNews.com lowered Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, February 26th.

Apartment Investment and Management Trading Down 1.1 %

The company has a 50-day moving average of $7.81 and a 200 day moving average of $7.39. The company has a debt-to-equity ratio of 2.73, a current ratio of 2.18 and a quick ratio of 2.18. The company has a market cap of $1.15 billion, a PE ratio of -6.76 and a beta of 1.31.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, February 22nd. The real estate investment trust reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($1.01). The company had revenue of $49.35 million during the quarter. Apartment Investment and Management had a negative return on equity of 30.04% and a negative net margin of 88.87%.

Institutional Trading of Apartment Investment and Management

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in shares of Apartment Investment and Management by 398.2% during the fourth quarter. Russell Investments Group Ltd. now owns 5,092 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 4,070 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Apartment Investment and Management by 41.6% during the 4th quarter. Mackenzie Financial Corp now owns 14,476 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 4,252 shares during the last quarter. Principal Financial Group Inc. grew its position in Apartment Investment and Management by 39.2% in the 3rd quarter. Principal Financial Group Inc. now owns 21,945 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 6,185 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Apartment Investment and Management in the third quarter worth $151,000. Finally, Fox Run Management L.L.C. lifted its position in shares of Apartment Investment and Management by 8.7% during the third quarter. Fox Run Management L.L.C. now owns 23,332 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 1,876 shares during the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

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.