Apartment Investment and Management (NYSE:AIV) Sees Unusually-High Trading Volume

Shares of Apartment Investment and Management (NYSE:AIV) saw strong trading volume on Wednesday . 1,900,828 shares were traded during trading, an increase of 94% from the previous session’s volume of 981,531 shares.The stock last traded at $8.10 and had previously closed at $8.00.

Apartment Investment and Management Trading Up 1.4 %

The company has a debt-to-equity ratio of 2.92, a current ratio of 1.51 and a quick ratio of 1.51. The business’s 50-day moving average price is $8.07 and its two-hundred day moving average price is $7.83. The company has a market capitalization of $1.17 billion, a P/E ratio of -6.85 and a beta of 1.34.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The firm had revenue of $50.20 million during the quarter, compared to analysts’ expectations of $49.85 million. Apartment Investment and Management had a negative return on equity of 33.35% and a negative net margin of 86.84%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new stake in Apartment Investment and Management in the 1st quarter valued at $38,000. MQS Management LLC bought a new stake in shares of Apartment Investment and Management in the first quarter valued at about $107,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Apartment Investment and Management by 3.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 172,094 shares of the real estate investment trust’s stock worth $1,407,000 after buying an additional 5,808 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of Apartment Investment and Management by 101.0% during the first quarter. Bleakley Financial Group LLC now owns 144,803 shares of the real estate investment trust’s stock worth $1,186,000 after buying an additional 72,777 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in Apartment Investment and Management by 7.0% in the 1st quarter. ProShare Advisors LLC now owns 25,924 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

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.