Apartment Investment and Management (NYSE:AIV - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Monday.
Apartment Investment and Management Stock Up 2.5%
Shares of NYSE AIV traded up $0.20 during trading on Monday, hitting $8.17. 609,979 shares of the company traded hands, compared to its average volume of 956,197. The business's fifty day moving average is $8.14 and its 200 day moving average is $8.55. Apartment Investment and Management has a fifty-two week low of $6.89 and a fifty-two week high of $9.49. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -4.72 and a beta of 1.38. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35.
Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share for the quarter, beating 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 firm had revenue of $52.35 million during the quarter, compared to the consensus estimate of $53.64 million. Equities research analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Irenic Capital Management LP increased its holdings in Apartment Investment and Management by 21.5% during the first quarter. Irenic Capital Management LP now owns 4,633,134 shares of the real estate investment trust's stock valued at $40,772,000 after buying an additional 820,539 shares during the last quarter. Alpha Wave Global LP purchased a new stake in Apartment Investment and Management during the first quarter valued at approximately $1,567,000. Worth Venture Partners LLC purchased a new stake in Apartment Investment and Management during the first quarter valued at approximately $243,000. Anson Funds Management LP purchased a new stake in Apartment Investment and Management during the first quarter valued at approximately $2,582,000. Finally, Jump Financial LLC bought a new position in shares of Apartment Investment and Management in the first quarter worth approximately $196,000. Institutional investors own 83.26% of the company's stock.
About Apartment Investment and Management
(
Get Free Report)
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.
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