Apartment Investment and Management Company (AIV) has risen sharply, recording gains of 9.45% in the past 4 weeks. However, the stock has corrected -0.07% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.87% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has recorded a 20-day Moving Average of 4.3% and the 50-Day Moving Average is 7.2%.
Apartment Investment and Management Company (NYSE:AIV): The stock opened at $45.70 on Friday but the bulls could not build on the opening and the stock topped out at $45.76 for the day. The stock traded down to $45.15 during the day, due to lack of any buying support eventually closed down at $45.51 with a loss of -0.48% for the day. The stock had closed at $45.73 on the previous day. The total traded volume was 1,295,592 shares.
The company Insiders own 1.71% of Apartment Investment and Management Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -26.02% . During last six month period, the net percent change held by insiders has seen a change of -29.31%. In a related news, The Securities and Exchange Commission has divulged that Fielding Patti K, Officer (Executive Vice President) of APARTMENT INVESTMENT & MANAGEMENT CO, had unloaded 10,000 shares at an average price of $43 in a transaction dated on June 29, 2016. The total value of the transaction was worth $430,000.
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.