Apartment Investment and Management (NYSE:AIV) Trading 6.3% Higher – What’s Next?

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

Apartment Investment and Management Price Performance

The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -5.17 and a beta of 1.38. The business’s 50-day moving average price is $8.67 and its two-hundred day moving average price is $8.76. 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 issued its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The company had revenue of $53.16 million for the quarter. On average, research analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Apartment Investment and Management Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. Apartment Investment and Management’s dividend payout ratio is currently -58.38%.

Hedge Funds Weigh In On Apartment Investment and Management

Institutional investors have recently made changes to their positions in the stock. Algert Global LLC increased its stake in Apartment Investment and Management by 570.7% during the 3rd quarter. Algert Global LLC now owns 87,860 shares of the real estate investment trust’s stock valued at $794,000 after buying an additional 74,760 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Apartment Investment and Management by 2.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,842,853 shares of the real estate investment trust’s stock worth $16,659,000 after purchasing an additional 44,668 shares in the last quarter. Barclays PLC lifted its position in Apartment Investment and Management by 40.7% in the third quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust’s stock worth $5,948,000 after purchasing an additional 190,440 shares during the period. FMR LLC boosted its stake in Apartment Investment and Management by 39.8% during the 3rd quarter. FMR LLC now owns 15,438 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 4,399 shares in the last quarter. Finally, Meros Investment Management LP increased its position in shares of Apartment Investment and Management by 35.2% during the 3rd quarter. Meros Investment Management LP now owns 687,817 shares of the real estate investment trust’s stock valued at $6,218,000 after purchasing an additional 178,998 shares during the period. 83.26% of the stock is owned by institutional investors.

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.