Apartment Investment and Management (NYSE:AIV) Reaches New 1-Year Low - Time to Sell?

Key Points

• Apartment Investment and Management shares hit a new 52-week low of $4.03 (last traded $4.035), with a market cap of about $583.4M and a low PE of 1.05, signaling heavy selling pressure despite positive liquidity ratios.
• Analyst sentiment is cautious: Weiss Ratings reissued a "sell (d+)" and MarketBeat's consensus is a "Hold" with a $10.00 price target (one Buy, one Sell).
• Mixed fundamentals and a payout: the company reported $2.08 EPS (beating estimates) but missed revenue forecasts ($34.6M vs. $56.7M) and recently paid a special dividend of $1.45 per share on March 13.

Apartment Investment and Management Company (NYSE:AIV - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $4.03 and last traded at $4.0350, with a volume of 172292 shares changing hands. The stock had previously closed at $4.09.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of Apartment Investment and Management in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Apartment Investment and Management presently has an average rating of "Hold" and a consensus price target of $10.00.

Apartment Investment and Management Trading Down 0.9%

The company's fifty day simple moving average is $5.31 and its 200-day simple moving average is $5.96. The firm has a market capitalization of $583.39 million, a PE ratio of 1.05 and a beta of 1.35. The company has a debt-to-equity ratio of 1.87, a current ratio of 3.46 and a quick ratio of 3.46.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its earnings results on Monday, March 2nd. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $2.19. Apartment Investment and Management had a return on equity of 9.05% and a net margin of 316.79%.The business had revenue of $34.64 million for the quarter, compared to the consensus estimate of $56.65 million. As a group, sell-side analysts expect that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Announces Dividend

The business also recently declared a special dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $1.45 per share. The ex-dividend date was Friday, February 27th.

Institutional Investors Weigh In On Apartment Investment and Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC boosted its stake in Apartment Investment and Management by 6.4% during the fourth quarter. Hsbc Holdings PLC now owns 189,249 shares of the real estate investment trust's stock worth $1,124,000 after buying an additional 11,464 shares during the period. Invesco Ltd. grew its position in shares of Apartment Investment and Management by 8.2% during the fourth quarter. Invesco Ltd. now owns 311,046 shares of the real estate investment trust's stock worth $1,848,000 after buying an additional 23,492 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Apartment Investment and Management in the 4th quarter valued at $118,000. XTX Topco Ltd purchased a new stake in Apartment Investment and Management during the 4th quarter worth about $1,424,000. Finally, VARCOV Co. acquired a new stake in Apartment Investment and Management during the fourth quarter worth approximately $79,000. Hedge funds and other institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Company Profile

Apartment Investment and Management Company NYSE: AIV, commonly known as Aimco, is a real estate investment trust focused on the ownership and operation of multifamily residential communities in the United States. The company acquires, develops and manages apartment properties that offer a range of living environments—from urban high-rise buildings to garden-style communities. Aimco's core business includes leasing apartments, providing on-site services and amenities, and overseeing property maintenance to drive occupancy and resident satisfaction.

Founded in 1994 as part of GMAC Residential, Aimco became a publicly traded REIT with headquarters in Denver, Colorado.

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