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

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

Apartment Investment and Management Price Performance

Shares of AIV opened at $8.03 on Friday. The company has a market capitalization of $1.13 billion, a P/E ratio of -4.64 and a beta of 1.39. Apartment Investment and Management has a twelve month low of $7.06 and a twelve month high of $9.48. 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 firm has a 50 day moving average of $8.66 and a 200 day moving average of $8.68.

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

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.