Apartment Investment and Management (NYSE:AIV - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Monday.
Apartment Investment and Management Price Performance
AIV stock traded up $0.05 during trading hours on Monday, hitting $8.23. 937,164 shares of the stock traded hands, compared to its average volume of 957,213. The stock has a 50-day simple moving average of $8.12 and a 200 day simple moving average of $8.55. Apartment Investment and Management has a one year low of $6.89 and a one year high of $9.49. The company has a market cap of $1.17 billion, a P/E ratio of -4.76 and a beta of 1.38. 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 (NYSE:AIV - Get Free Report) last announced its earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The business had revenue of $52.35 million during the quarter, compared to analysts' expectations of $53.64 million. Equities analysts forecast 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 and other institutional investors have recently modified their holdings of AIV. Rush Island Management LP boosted its position in shares of Apartment Investment and Management by 156.7% in the 4th quarter. Rush Island Management LP now owns 4,543,774 shares of the real estate investment trust's stock valued at $41,303,000 after purchasing an additional 2,773,984 shares during the period. Argosy Lionbridge Management LLC acquired a new position in shares of Apartment Investment and Management in the 4th quarter valued at $21,226,000. Aew Capital Management L P acquired a new position in shares of Apartment Investment and Management in the 1st quarter valued at $17,491,000. Landmark Investment Partners L.P. acquired a new position in shares of Apartment Investment and Management in the 4th quarter valued at $12,447,000. Finally, Land & Buildings Investment Management LLC boosted its position in Apartment Investment and Management by 77.2% during the 4th quarter. Land & Buildings Investment Management LLC now owns 3,074,160 shares of the real estate investment trust's stock worth $27,944,000 after acquiring an additional 1,338,921 shares during the period. Institutional investors and hedge funds 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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