Apartment Investment and Management (NYSE:AIV) Hits New 1-Year Low – Time to Sell?

Apartment Investment and Management (NYSE:AIV)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $7.42 and last traded at $7.51, with a volume of 64287 shares trading hands. The stock had previously closed at $7.83.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th.

Apartment Investment and Management Stock Down 1.6 %

The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -4.47 and a beta of 1.29. The firm has a 50 day moving average of $8.83 and a 200 day moving average of $8.78. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.04. The company had revenue of $54.17 million during the quarter, compared to analyst estimates 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, sell-side analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Hedge Funds Weigh In On Apartment Investment and Management

A number of 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 in the fourth quarter valued at approximately $55,000. Point72 Asset Management L.P. bought a new stake in shares of Apartment Investment and Management in the fourth quarter valued at $77,000. Xponance Inc. purchased a new position in shares of Apartment Investment and Management during the 4th quarter valued at $93,000. Cerity Partners LLC bought a new position in shares of Apartment Investment and Management during the 4th quarter worth $94,000. Finally, Cibc World Markets Corp purchased a new stake in Apartment Investment and Management in the 4th quarter worth about $118,000. Institutional investors and hedge funds own 83.26% of the company’s stock.

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.