Apartment Investment and Management (NYSE:AIV) Sets New 52-Week Low – Should You Sell?

Shares of Apartment Investment and Management Company (NYSE:AIV) hit a new 52-week low during trading on Monday . The stock traded as low as $4.25 and last traded at $4.26, with a volume of 629380 shares. The stock had previously closed at $4.32.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apartment Investment and Management in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Apartment Investment and Management has a consensus rating of “Hold” and an average price target of $10.00.

Apartment Investment and Management Price Performance

The company has a debt-to-equity ratio of 1.87, a current ratio of 3.46 and a quick ratio of 3.46. The firm has a market capitalization of $606.41 million, a P/E ratio of 1.09 and a beta of 1.35. The company’s 50 day moving average price is $5.62 and its 200 day moving average price is $6.19.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data 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 firm had revenue of $34.64 million during the quarter, compared to analysts’ expectations of $56.65 million. As a group, sell-side analysts anticipate that Apartment Investment and Management Company will post -0.8 EPS for the current fiscal year.

Apartment Investment and Management Dividend Announcement

The company also recently declared a special dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $1.45 per share. The ex-dividend date of this dividend is Friday, February 27th.

Institutional Trading of Apartment Investment and Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in 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 valued at $28,000 after purchasing an additional 1,951 shares during the period. Parallel Advisors LLC raised its stake 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 buying an additional 4,483 shares during the last quarter. CWM LLC lifted its holdings in Apartment Investment and Management by 163.7% in the fourth quarter. CWM LLC now owns 5,730 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 3,557 shares during the period. Raymond James Financial Inc. bought a new position in Apartment Investment and Management in the second quarter valued at approximately $59,000. Finally, Federation des caisses Desjardins du Quebec grew its holdings in 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 during the period. 83.26% of the stock is currently owned by institutional investors and hedge funds.

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.