Apartment Investment and Management Declares Special Dividend of $0.60 (NYSE:AIV)

Apartment Investment and Management (NYSE:AIV) declared a special dividend on Thursday, December 19th,RTT News reports. Investors of record on Tuesday, January 14th will be given a dividend of 0.60 per share by the real estate investment trust on Friday, January 31st. The ex-dividend date of this dividend is Tuesday, January 14th.

Apartment Investment and Management Stock Up 3.9 %

AIV stock opened at $8.95 on Friday. The business’s 50-day simple moving average is $8.66 and its 200 day simple moving average is $8.75. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. The company has a market cap of $1.26 billion, a PE ratio of -5.17 and a beta of 1.38. Apartment Investment and Management has a twelve month low of $7.06 and a twelve month high of $9.48.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The business had revenue of $53.16 million for the quarter. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. On average, research analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current year.

About Apartment Investment and Management

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.