Apartment Investment and Management Company (AIV) has risen sharply, recording gains of 8.02% in the past 4 weeks. However, the stock has corrected -0.86% 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 1.19% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Apartment Investment and Management Company (NYSE:AIV): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.80 and $44.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.12, notching a gain of 0.71% for the day. The total traded volume was 1,687,366 . The stock had closed at $44.80 on the previous day.
The stock has recorded a 20-day Moving Average of 1.36% and the 50-Day Moving Average is 5.58%. Apartment Investment and Management Company is up 13.3% in the last 3-month period. Year-to-Date the stock performance stands at 14.64%.
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.