Apartment Investment and Management (NYSE:AIV) Rating Lowered to Sell at Wall Street Zen

Wall Street Zen cut shares of Apartment Investment and Management (NYSE:AIV - Free Report) from a hold rating to a sell rating in a research note issued to investors on Friday.

Apartment Investment and Management Stock Performance

Shares of NYSE AIV traded up $0.01 during mid-day trading on Friday, reaching $8.00. 863,459 shares of the company were exchanged, compared to its average volume of 951,229. The company's 50-day simple moving average is $7.97 and its 200-day simple moving average is $8.51. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. The stock has a market capitalization of $1.14 billion, a P/E ratio of -4.62 and a beta of 1.38. Apartment Investment and Management has a twelve month low of $6.89 and a twelve month high of $9.49.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. The company had revenue of $52.35 million during the quarter, compared to analysts' expectations of $53.64 million. As a group, research analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Hedge Funds Weigh In On Apartment Investment and Management

A number of hedge funds have recently bought and sold shares of AIV. Headlands Technologies LLC bought a new position in Apartment Investment and Management during the fourth quarter worth about $55,000. Point72 Asset Management L.P. bought a new position in Apartment Investment and Management during the fourth quarter worth about $77,000. GAMMA Investing LLC increased its position in Apartment Investment and Management by 980.0% during the first quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust's stock worth $80,000 after acquiring an additional 8,281 shares during the period. Covestor Ltd increased its holdings in Apartment Investment and Management by 276.5% in the 1st quarter. Covestor Ltd now owns 9,355 shares of the real estate investment trust's stock valued at $83,000 after buying an additional 6,870 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in Apartment Investment and Management in the 1st quarter valued at about $85,000. 83.26% of the stock is owned by institutional investors.

Apartment Investment and Management Company Profile

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.