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

StockNews.com upgraded shares of Apartment Investment and Management (NYSE:AIV) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

Apartment Investment and Management Stock Down 1.5 %

Shares of NYSE:AIV opened at $8.81 on Wednesday. Apartment Investment and Management has a fifty-two week low of $7.16 and a fifty-two week high of $9.48. The firm’s 50 day moving average price is $8.83 and its 200 day moving average price is $8.82. 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 stock has a market cap of $1.24 billion, a price-to-earnings ratio of -5.09 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The firm had revenue of $54.17 million during the quarter, compared to the consensus estimate of $53.11 million. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. As a group, equities research analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Announces Dividend

The firm also recently declared a special dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, January 14th were issued a $0.60 dividend. The ex-dividend date was Tuesday, January 14th. Apartment Investment and Management’s dividend payout ratio (DPR) is -136.49%.

Institutional Trading of Apartment Investment and Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Corton Capital Inc. boosted its holdings in shares of Apartment Investment and Management by 6.6% in the 4th quarter. Corton Capital Inc. now owns 18,140 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 1,131 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Apartment Investment and Management by 2.9% in the third quarter. Daiwa Securities Group Inc. now owns 42,923 shares of the real estate investment trust’s stock valued at $388,000 after acquiring an additional 1,220 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Apartment Investment and Management by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,305 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Apartment Investment and Management by 0.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 161,046 shares of the real estate investment trust’s stock worth $1,462,000 after purchasing an additional 1,496 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in shares of Apartment Investment and Management by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 14,945 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 1,526 shares in the last quarter. Institutional investors and hedge funds 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.