AIV Stock Summary and Trading Ideas (Apartment Inv & Mgmt | NYSE:AIV)

Apartment Investment & Management Co is a self-managed real estate investment trust. It is focused on property development, redevelopment and various other value-creating investment strategies, targeting the U.S multifamily market. Its operating segments are Development and Redevelopment; Operating, and Other. The company generates majority of revenue from operating segment.

Apartment Inv & Mgmt trades on the NYSE stock market under the symbol AIV.

As of September 16, 2024, AIV stock price declined to $9.07 with 491,843 million shares trading.

AIV has a beta of 1.13, meaning it tends to be more sensitive to market movements. AIV has a correlation of 0.32 to the broad based SPY ETF.

AIV has a market cap of $1.28 billion. This is considered a Small Cap stock.

Last quarter Apartment Inv & Mgmt reported $50 million in Revenue and -$.07 earnings per share. This beat revenue expectation by $403,000 and exceeded earnings estimates by $.02.

In the last 3 years, AIV stock traded as high as $9.79 and as low as $5.22.

The top ETF exchange traded funds that AIV belongs to (by Net Assets): VNQ, VTI, IWM, VB, VBR.

AIV has underperformed the market in the last year with a price return of +23.2% while the SPY ETF gained +27.5%. However, in the short term, AIV had mixed performance relative to the market. It has outperformed in the last 3 months, returning +13.0% vs +4.0% return in SPY. But in the last 2 weeks, AIV shares have been beat by the market, returning -2.5% compared to an SPY return of -0.3%.

AIV support price is $9.07 and resistance is $9.37 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIV stock will trade within this expected range on the day.