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

Apartment Investment and Management (NYSE:AIV) shares saw unusually-strong trading volume on Tuesday . Approximately 3,137,954 shares were traded during mid-day trading, an increase of 218% from the previous session’s volume of 987,667 shares.The stock last traded at $7.97 and had previously closed at $8.06.

Analyst Upgrades and Downgrades

AIV has been the subject of several research analyst reports. StockNews.com lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. TheStreet raised shares of Apartment Investment and Management from a “d+” rating to a “c-” rating in a research note on Tuesday, January 16th.

Apartment Investment and Management Trading Down 1.1 %

The company has a debt-to-equity ratio of 2.73, a current ratio of 2.18 and a quick ratio of 2.18. The firm has a fifty day simple moving average of $7.81 and a 200-day simple moving average of $7.39. The firm has a market cap of $1.15 billion, a P/E ratio of -6.76 and a beta of 1.31.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, February 22nd. The real estate investment trust reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($1.01). The business had revenue of $49.35 million during the quarter. Apartment Investment and Management had a negative net margin of 88.87% and a negative return on equity of 30.04%.

Institutional Investors Weigh In On Apartment Investment and Management

A number of institutional investors and hedge funds have recently bought and sold shares of AIV. Russell Investments Group Ltd. increased its position in shares of Apartment Investment and Management by 398.2% during the fourth quarter. Russell Investments Group Ltd. now owns 5,092 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 4,070 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Apartment Investment and Management by 41.6% during the 4th quarter. Mackenzie Financial Corp now owns 14,476 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 4,252 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Apartment Investment and Management by 39.2% in the 3rd quarter. Principal Financial Group Inc. now owns 21,945 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 6,185 shares during the last quarter. QRG Capital Management Inc. bought a new position in Apartment Investment and Management during the third quarter valued at about $151,000. Finally, Fox Run Management L.L.C. increased its holdings in Apartment Investment and Management by 8.7% during the third quarter. Fox Run Management L.L.C. now owns 23,332 shares of the real estate investment trust’s stock worth $159,000 after buying an additional 1,876 shares during the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Company Profile

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.