Apartment Investment and Management (NYSE:AIV) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Apartment Investment and Management (NYSE:AIV) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning.

Apartment Investment and Management Trading Down 1.5 %

Shares of AIV stock opened at $8.81 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28. Apartment Investment and Management has a twelve month low of $7.16 and a twelve month high of $9.48. The company’s 50-day moving average price is $8.83 and its 200-day moving average price is $8.82. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -5.09 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.04. The company had revenue of $54.17 million during the quarter, compared to analyst estimates of $53.11 million. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. 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 Announces Dividend

The business also recently declared a special dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. Apartment Investment and Management’s dividend payout ratio (DPR) is -136.49%.

Hedge Funds Weigh In On Apartment Investment and Management

A number of hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in Apartment Investment and Management by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,305 shares in the last quarter. Headlands Technologies LLC acquired a new position in Apartment Investment and Management during the 4th quarter worth about $55,000. Point72 Asset Management L.P. purchased a new position in Apartment Investment and Management during the 4th quarter valued at about $77,000. Xponance Inc. acquired a new position in Apartment Investment and Management in the 4th quarter valued at about $93,000. Finally, Cerity Partners LLC acquired a new position in Apartment Investment and Management in the 4th quarter valued at about $94,000. Hedge funds and other institutional investors own 83.26% of the company’s stock.

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.