Apartment Investment and Management (NYSE:AIV) Shares Gap Up – Still a Buy?

Apartment Investment and Management (NYSE:AIV)’s share price gapped up before the market opened on Friday . The stock had previously closed at $8.61, but opened at $9.05. Apartment Investment and Management shares last traded at $9.08, with a volume of 361,882 shares.

Apartment Investment and Management Trading Up 5.1 %

The firm’s fifty day simple moving average is $8.64 and its 200 day simple moving average is $8.74. The stock has a market capitalization of $1.28 billion, a P/E ratio of -5.23 and a beta of 1.38. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35.

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

Apartment Investment and Management Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. Apartment Investment and Management’s dividend payout ratio is presently -58.38%.

Hedge Funds Weigh In On Apartment Investment and Management

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in Apartment Investment and Management in the second quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Apartment Investment and Management during the second quarter worth approximately $45,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Apartment Investment and Management by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,305 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Apartment Investment and Management in the 2nd quarter valued at $104,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Apartment Investment and Management during the 3rd quarter valued at $105,000. Institutional investors own 83.26% of the company’s stock.

About Apartment Investment and Management

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.