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

Apartment Investment and Management (NYSE:AIV)’s stock price shot up 6.3% during trading on Tuesday . The stock traded as high as $8.93 and last traded at $8.93. 655,327 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 1,263,211 shares. The stock had previously closed at $8.40.

Apartment Investment and Management Stock Performance

The firm has a fifty day moving average of $8.68 and a 200 day moving average of $8.77. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -5.22 and a beta of 1.38. 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 posted 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. As a group, sell-side analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current year.

Apartment Investment and Management Dividend Announcement

The company also recently declared a special dividend, which will be paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, January 14th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Algert Global LLC raised its position in Apartment Investment and Management by 570.7% in the third quarter. Algert Global LLC now owns 87,860 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 74,760 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Apartment Investment and Management by 2.5% during the 3rd 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 during the last quarter. Barclays PLC raised its holdings in Apartment Investment and Management by 40.7% in the 3rd quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust’s stock valued at $5,948,000 after buying an additional 190,440 shares during the period. FMR LLC lifted its position in Apartment Investment and Management by 39.8% in the third quarter. FMR LLC now owns 15,438 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 4,399 shares during the last quarter. Finally, Meros Investment Management LP boosted its stake in Apartment Investment and Management by 35.2% during the third quarter. Meros Investment Management LP now owns 687,817 shares of the real estate investment trust’s stock worth $6,218,000 after buying an additional 178,998 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 & 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.