Apartment Investment and Management (NYSE:AIV) Hits New 12-Month Low – Should You Sell?

Shares of Apartment Investment and Management Company (NYSE:AIV) reached a new 52-week low during trading on Tuesday . The stock 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 Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Apartment Investment and Management in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.00.

Apartment Investment and Management Price Performance

The company’s 50 day simple moving average is $5.31 and its 200-day simple moving average is $5.96. The company has a market capitalization of $583.39 million, a price-to-earnings ratio of 1.05 and a beta of 1.35. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 1.87.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Monday, March 2nd. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $34.64 million for the quarter, compared to analyst estimates of $56.65 million. On average, equities research analysts predict 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 announced a special dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $1.45 dividend. The ex-dividend date was Friday, February 27th.

Institutional Trading of Apartment Investment and Management

Several institutional investors have recently added to or reduced their stakes in AIV. Quadrant Capital Group LLC grew its stake in Apartment Investment and Management by 72.5% in the fourth quarter. Quadrant Capital Group LLC now owns 4,641 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,951 shares in the last quarter. Parallel Advisors LLC increased its stake in Apartment Investment and Management by 2,561.7% during the 4th quarter. Parallel Advisors LLC now owns 4,658 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 4,483 shares during the period. CWM LLC lifted its position in Apartment Investment and Management by 163.7% in the fourth quarter. CWM LLC now owns 5,730 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 3,557 shares during the period. Raymond James Financial Inc. acquired a new position in Apartment Investment and Management during the second quarter worth about $59,000. Finally, Diversified Trust Co acquired a new stake in Apartment Investment and Management during the third quarter valued at approximately $82,000. 83.26% of the stock is owned by institutional investors and hedge funds.

About Apartment Investment and Management

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.