Apartment Investment and Management Sees Unusually High Options Volume (NYSE:AIV)

Apartment Investment and Management Company (NYSE:AIV) was the recipient of some unusual options trading on Wednesday. Investors purchased 14,200 call options on the stock. Thisrepresentsanincreaseof2,780% compared to the typical volume of 493 call options.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AIV. Wolfe Research upgraded Apartment Investment and Management from a “peer perform” rating to an “outperform” rating and set a $10.00 price target for the company in a report on Monday. Wall Street Zen lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Friday, May 30th.

Apartment Investment and Management Stock Down 0.2%

Shares of NYSE AIV opened at $8.67 on Thursday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -11.25 and a beta of 1.39. Apartment Investment and Management has a 1 year low of $6.89 and a 1 year high of $9.48. The company has a debt-to-equity ratio of 6.94, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s 50-day simple moving average is $8.52 and its 200-day simple moving average is $8.46.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02. The business had revenue of $52.35 million during the quarter, compared to the consensus estimate of $53.64 million. Apartment Investment and Management had a negative net margin of 50.37% and a negative return on equity of 45.41%. As a group, equities analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in shares of Apartment Investment and Management during the fourth quarter worth about $55,000. Point72 Asset Management L.P. acquired a new stake in Apartment Investment and Management during the fourth quarter valued at approximately $77,000. GAMMA Investing LLC lifted its holdings in Apartment Investment and Management by 980.0% during the 1st quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 8,281 shares during the last quarter. Covestor Ltd grew its position in shares of Apartment Investment and Management by 276.5% in the 1st quarter. Covestor Ltd now owns 9,355 shares of the real estate investment trust’s stock worth $83,000 after acquiring an additional 6,870 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Apartment Investment and Management in the 1st quarter valued at approximately $85,000. 83.26% of the stock is owned by institutional investors and hedge funds.

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.