Apartment Investment and Management (NYSE:AIV) Stock Rating Upgraded by StockNews.com

Apartment Investment and Management (NYSE:AIV) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Apartment Investment and Management Price Performance

Shares of AIV stock opened at $8.86 on Wednesday. The firm has a fifty day moving average of $8.85 and a two-hundred day moving average of $8.82. The firm has a market cap of $1.25 billion, a P/E ratio of -5.12 and a beta of 1.38. Apartment Investment and Management has a 1-year low of $7.17 and a 1-year 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.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.04. 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 $54.17 million during the quarter, compared to analyst estimates of $53.11 million. As a group, research analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Institutional Trading of Apartment Investment and Management

Several institutional investors have recently added to or reduced their stakes in AIV. JPMorgan Chase & Co. boosted its holdings in shares of Apartment Investment and Management by 9.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 719,531 shares of the real estate investment trust’s stock valued at $6,505,000 after buying an additional 63,888 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Apartment Investment and Management by 101.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 81,869 shares of the real estate investment trust’s stock valued at $744,000 after purchasing an additional 41,293 shares during the last quarter. Algert Global LLC raised its position in shares of Apartment Investment and Management by 570.7% during the 3rd quarter. Algert Global LLC now owns 87,860 shares of the real estate investment trust’s stock worth $794,000 after purchasing an additional 74,760 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Apartment Investment and Management by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,842,853 shares of the real estate investment trust’s stock worth $16,659,000 after purchasing an additional 44,668 shares during the last quarter. Finally, Barclays PLC boosted its position in Apartment Investment and Management by 40.7% during the 3rd quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust’s stock valued at $5,948,000 after purchasing an additional 190,440 shares during the period. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Company Profile

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.