Wall Street Zen upgraded shares of Apartment Investment and Management (NYSE:AIV - Free Report) from a sell rating to a hold rating in a research report report published on Thursday morning.
Apartment Investment and Management Stock Performance
NYSE:AIV traded down $0.03 on Thursday, reaching $7.81. 809,199 shares of the company's stock were exchanged, compared to its average volume of 956,378. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -4.51 and a beta of 1.38. Apartment Investment and Management has a 52 week low of $6.89 and a 52 week high of $9.49. The stock has a fifty day simple moving average of $8.05 and a 200-day simple moving average of $8.54.
Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued its earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.02. The firm had revenue of $52.35 million during the quarter, compared to analyst estimates of $53.64 million. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. As a group, sell-side 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
Large investors have recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Apartment Investment and Management in the fourth quarter valued at approximately $55,000. Point72 Asset Management L.P. bought a new position in shares of Apartment Investment and Management in the fourth quarter valued at approximately $77,000. GAMMA Investing LLC boosted its position in shares of Apartment Investment and Management by 980.0% in the first quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust's stock valued at $80,000 after acquiring an additional 8,281 shares during the period. Covestor Ltd boosted its position in shares of Apartment Investment and Management by 276.5% in the first quarter. Covestor Ltd now owns 9,355 shares of the real estate investment trust's stock valued at $83,000 after acquiring an additional 6,870 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of Apartment Investment and Management in the first quarter valued at approximately $85,000. 83.26% of the stock is currently owned by institutional investors.
About Apartment Investment and Management
(
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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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