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 note published on Thursday.
Apartment Investment and Management Stock Up 1.2%
NYSE AIV traded up $0.10 on Thursday, reaching $7.90. 318,337 shares of the stock traded hands, compared to its average volume of 1,001,188. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35. The company has a fifty day moving average price of $8.03 and a 200-day moving average price of $8.53. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -4.56 and a beta of 1.38. Apartment Investment and Management has a 12 month low of $6.89 and a 12 month high of $9.48.
Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $52.35 million for the quarter, compared to analyst estimates of $53.64 million. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. As a group, research analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.
Institutional Investors Weigh In On Apartment Investment and Management
Several hedge funds have recently modified their holdings of the business. Headlands Technologies LLC purchased a new position in Apartment Investment and Management during the fourth quarter valued at approximately $55,000. Point72 Asset Management L.P. bought a new stake in Apartment Investment and Management during the 4th quarter valued at $77,000. GAMMA Investing LLC increased its holdings in shares of Apartment Investment and Management by 980.0% in the 1st 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 increased its holdings in shares of 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 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 1st quarter worth $85,000. Hedge funds and other institutional investors own 83.26% of the company's stock.
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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