Apartment Investment and Management (NYSE:AIV) Shares Pass Above Two Hundred Day Moving Average of $7.86

Apartment Investment and Management (NYSE:AIV) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.86 and traded as high as $8.53. Apartment Investment and Management shares last traded at $8.27, with a volume of 391,243 shares changing hands.

Apartment Investment and Management Stock Down 2.2 %

The company has a debt-to-equity ratio of 2.92, a current ratio of 1.51 and a quick ratio of 1.51. The firm’s 50-day moving average price is $8.10 and its 200 day moving average price is $7.86. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of -7.00 and a beta of 1.37.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The business had revenue of $50.20 million for the quarter, compared to analyst estimates of $49.85 million. Apartment Investment and Management had a negative return on equity of 33.35% and a negative net margin of 86.84%.

Institutional Investors Weigh In On Apartment Investment and Management

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC acquired a new stake in Apartment Investment and Management during the 1st quarter worth approximately $38,000. MQS Management LLC purchased a new position in shares of Apartment Investment and Management during the 1st quarter valued at approximately $107,000. CANADA LIFE ASSURANCE Co boosted its stake in Apartment Investment and Management by 3.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 172,094 shares of the real estate investment trust’s stock valued at $1,407,000 after acquiring an additional 5,808 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Apartment Investment and Management by 101.0% during the first quarter. Bleakley Financial Group LLC now owns 144,803 shares of the real estate investment trust’s stock valued at $1,186,000 after buying an additional 72,777 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Apartment Investment and Management by 7.0% during the 1st quarter. ProShare Advisors LLC now owns 25,924 shares of the real estate investment trust’s stock valued at $212,000 after acquiring an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.

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.