Apartment Investment and Management (NYSE:AIV) Shares Gap Up – Here’s What Happened

Shares of Apartment Investment and Management (NYSE:AIV) gapped up before the market opened on Tuesday . The stock had previously closed at $8.39, but opened at $8.80. Apartment Investment and Management shares last traded at $9.08, with a volume of 356,312 shares changing hands.

Apartment Investment and Management Stock Up 8.3 %

The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -5.25 and a beta of 1.39. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. The business has a fifty day moving average of $8.62 and a 200 day moving average of $8.71.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $53.16 million during the quarter. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. As a group, equities analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Apartment Investment and Management Dividend Announcement

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

Institutional Trading of Apartment Investment and Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its position in shares of Apartment Investment and Management by 2.9% during the third quarter. Daiwa Securities Group Inc. now owns 42,923 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 1,220 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in Apartment Investment and Management by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,305 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Apartment Investment and Management by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 72,999 shares of the real estate investment trust’s stock valued at $605,000 after acquiring an additional 1,541 shares during the period. Van ECK Associates Corp grew its position in Apartment Investment and Management by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 24,446 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 2,683 shares in the last quarter. Finally, abrdn plc grew its position in Apartment Investment and Management by 10.5% in the 3rd quarter. abrdn plc now owns 28,757 shares of the real estate investment trust’s stock valued at $260,000 after acquiring an additional 2,744 shares in the last quarter. Hedge funds and other institutional investors 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.