Apartment Investment and Management (NYSE:AIV) Sets New 1-Year Low – What’s Next?

Apartment Investment and Management Company (NYSE:AIV) shares reached a new 52-week low on Friday . The company traded as low as $4.34 and last traded at $4.3350, with a volume of 33000 shares traded. The stock had previously closed at $5.80.

Analyst Ratings Changes

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

Apartment Investment and Management Trading Down 23.9%

The stock has a market capitalization of $636.11 million, a P/E ratio of 2.57 and a beta of 1.35. The company has a current ratio of 4.97, a quick ratio of 4.97 and a debt-to-equity ratio of 8.00. The business has a 50-day moving average price of $5.85 and a two-hundred day moving average price of $6.37.

Apartment Investment and Management Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $1.45 dividend. The ex-dividend date of this dividend is Friday, February 27th.

Institutional Trading of Apartment Investment and Management

Institutional investors and hedge funds have recently made changes to their positions in the company. Invesco Ltd. increased its stake in Apartment Investment and Management by 8.2% in the fourth quarter. Invesco Ltd. now owns 311,046 shares of the real estate investment trust’s stock valued at $1,848,000 after acquiring an additional 23,492 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Apartment Investment and Management in the 4th quarter valued at $118,000. XTX Topco Ltd bought a new position in shares of Apartment Investment and Management in the 4th quarter valued at $1,424,000. VARCOV Co. acquired a new position in shares of Apartment Investment and Management during the 4th quarter worth $79,000. Finally, Voloridge Investment Management LLC lifted its position in shares of Apartment Investment and Management by 9.9% during the 4th quarter. Voloridge Investment Management LLC now owns 38,089 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 3,436 shares during the last quarter. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Company Profile

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.