Apartment Investment and Management (NYSE:AIV) Declares $0.60 Special Dividend

Apartment Investment and Management (NYSE:AIV) announced a special dividend on Thursday, December 19th,RTT News reports. Shareholders of record on Tuesday, January 14th will be paid a dividend of 0.60 per share by the real estate investment trust on Friday, January 31st.

Apartment Investment and Management Stock Down 2.2 %

Shares of Apartment Investment and Management stock traded down $0.18 on Thursday, hitting $8.03. The company had a trading volume of 864,939 shares, compared to its average volume of 936,765. Apartment Investment and Management has a twelve month low of $7.06 and a twelve month high of $9.48. 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 stock has a 50-day moving average of $8.67 and a 200-day moving average of $8.69. The firm has a market capitalization of $1.13 billion, a P/E ratio of -4.64 and a beta of 1.39.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The firm had revenue of $53.16 million for the quarter. Research analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current year.

About Apartment Investment and Management

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco’s mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.