Apartment Investment and Management Company (NYSE:AIV) : Traders are bullish on Apartment Investment and Management Company (NYSE:AIV) as it has outperformed the S&P 500 by a wide margin of 9.76% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.02%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.31% in the last 1 week, and is up 11.54% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 17.80% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $45.67 and the one year low was seen on Sep 4, 2015. The 50-Day Moving Average price is $42.20 and the 200 Day Moving Average price is recorded at $40.21.
The stock has recorded a 20-day Moving Average of 7.31% and the 50-Day Moving Average is 8.67%.
Apartment Investment and Management Company (NYSE:AIV): stock turned positive on Friday. Though the stock opened at $45.26, the bulls momentum made the stock top out at $45.67 level for the day. The stock recorded a low of $44.96 and closed the trading day at $45.54, in the green by 1.45%. The total traded volume for the day was 777,069. The stock had closed at $44.89 in the previous days trading.
In an insider trading activity, The Officer (Executive Vice President), of APARTMENT INVESTMENT & MANAGEMENT CO, Fielding Patti K had unloaded 10,000 shares at $43 per share in a transaction on June 29, 2016. The total value of transaction was $430,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: conventional real estate and affordable real estate. As of December 31, 2014, the Companys conventional portfolio consisted of 144 apartment communities with 43,393 apartment homes in , which it held an average ownership of approximately 97%. It also operates a portfolio of affordable apartment communities, which consists of apartments with rents that are generally paid, in whole or part, by a government agency. As of December 31, 2014, its affordable portfolio consisted of 59 apartment communities with 8,943 apartment homes in , which it held an average ownership of approximately 93%. Aimco, through its wholly owned subsidiaries, AIMCO-GP, Inc. and AIMCO-LP Trust, owns the ownership interests in the Aimco Operating Partnership.