37.86 0.00 (0.00%)
After hours: 5:57PM EDT
|Bid||32.50 x 900|
|Ask||43.00 x 1000|
|Day's Range||36.94 - 37.99|
|52 Week Range||24.53 - 55.68|
|Beta (5Y Monthly)||0.85|
|PE Ratio (TTM)||28.15|
|Earnings Date||Jul. 30, 2020 - Aug. 03, 2020|
|Forward Dividend & Yield||1.64 (4.40%)|
|Ex-Dividend Date||May 14, 2020|
|1y Target Est||40.80|
Apartment Investment and Management Company ("Aimco") (NYSE: AIV) will release Second Quarter 2020 earnings on Monday, August 3, 2020 after the market closes. The Second Quarter 2020 earnings conference call will be conducted on Tuesday, August 4, 2020 at 12:00 p.m. Eastern time.
(Bloomberg) -- Alberta’s pension fund manager was blindsided by the same risk-assessment model that failed investors in the 2008 financial crash, according to a review of losses during the Covid-19 market turmoil.Volatility wagers that lost Alberta Investment Management Corp. about C$2.1 billion ($1.5 billion) were being assessed by a legacy value-at-risk model that breaks down when risks are non-linear and outside of its 95% confidence interval, the pension manager said in the review released Thursday.“Unprecedented and sustained volatility caused by the Covid-19 crisis made it impossible to unwind the positions without considerable loss,” AIMCo said in the review.AIMCo -- which manages about C$120 billion for 31 pension, endowment and government funds in the Canadian province -- has been under fire since April, when reports arose that it suffered outsized losses on a trading strategy meant to profit from low volatility in equity markets. The losses have led to calls to strip AIMCo from running some of the province’s funds, and at least one of its clients has said it’s reviewing its relationship with the firm.Also See: Alberta Pension Reviewing Options on AIMCo After 10% LossChief Executive Officer Kevin Uebelein said in a letter in April that the performance was “wholly unsatisfactory” and that the firm would review the strategy.AIMCo said in the review that it had been investing in volatility contracts since 2013, and in 2018 it expanded the size of the strategy and broadened it to include instruments known as capped and uncapped variance swaps. Those changes increased the strategy’s risks, and “greatly magnified” its potential losses during times of extreme volatility, the Edmonton-based pension manager said.Value-at-risk calculations like the ones AIMCo used were partly blamed for underestimating the risks of the subprime mortgage derivatives that fueled the 2008 financial crisis, leading banks to incur far larger losses than they had expected were possible. AIMCo said it realized the shortcoming in its assessment of the volatility strategy in January and began to try to unwind the strategy it March, but by then it was too late.AIMCo is making 10 changes to improve its risk management, including greater involvement from the chief executive officer and chief investment officer in the process, revising investment approval thresholds for strategies involving over-the-counter derivatives and involving risk management more at the outset of new trading strategies.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
While not a mind-blowing move, it is good to see that the Apartment Investment and Management Company (NYSE:AIV) share...
Aimco's (AIV) resilient operating platform drives strong rent collections despite the pandemic-led havoc. Yet, the tenant-friendly political climate in certain states is worrisome for the landlord.
Apartment Investment and Management Company (Aimco) has been named a Top Workplace in Colorado for the eighth consecutive year. Published by the Denver Post, the annual list of top workplaces is based solely on employee feedback gathered through an anonymous, third-party survey that measures several aspects of workplace culture, including alignment, execution, and engagement. “Our intentional culture of respect, collaboration, and customer service is embraced by teammates at every level of our organization,” said Aimco Senior Vice President of Human Resources Jennifer Johnson.
Please go ahead, ma'am. Good day, and welcome to the Aimco First Quarter 2020 Earnings Conference Call and Webcast. Other members of management are present and will be available during our question-and-answer session, which will follow our prepared remarks.
Robust growth in same-store property net operating income and higher occupancy in Aimco's (AIV) same-store portfolio drive first-quarter 2020 results.
A decent U.S. apartment market and portfolio-revamp efforts are expected to drive Aimco's (AIV) Q1 results. High supply and resultant rental concessions are likely to have hindered revenue growth.
Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today that its Board of Directors declared a quarterly cash dividend of $0.41 per share of Class A Common Stock for the quarter ended March 31, 2020, an increase of 5% compared to the regular quarterly cash dividends paid during 2019. This dividend is payable on May 29, 2020, to stockholders of record on May 15, 2020.
Apartment Investment and Management Company ("Aimco") (NYSE: AIV) will release First Quarter 2020 earnings on Thursday, May 7, 2020 after the market closes. The First Quarter 2020 earnings conference call will be conducted on Friday, May 8, 2020 at 1:00 p.m. Eastern time.
Apartment Investment and Management Company ("Aimco") (NYSE: AIV) today issued the following statement regarding the on-going COVID-19 pandemic.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today that Chairman/CEO, Terry Considine, and CFO, Paul Beldin, will host a roundtable discussion at the Citi 2020 Global Property CEO Conference. Due to changes to the conference schedule, the discussion is now scheduled on Monday, March 2, 2020, beginning at 4:30 p.m. Eastern Time.
Like the majority of investors, you're most likely working on a retirement portfolio that will provide a large enough nest egg to give you a comfortable retirement. Make sure you know all about what financial planners call the accumulation and distribution phases of retirement planning.
Decent growth in same-store property net operating income and higher occupancy in Q4 drive Apartment Investment and Management Company's (AIV) performance.
Apartment Investment Management (AIV) delivered FFO and revenue surprises of 0.00% and -0.22%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
While Aimco's (AIV) Q4 results will reflect gains from a decent U.S. apartment market, relentless supply and dispositions' dilutive impact concern us.
The Zacks Analyst Blog Highlights: Lear, SEI Investments, Alexion Pharmaceuticals and Apartment Investment and Management
While Kimco (KIM) Q4 results will reflect gains from portfolio-revamp moves amid solid job market and still-resilient consumer spending, store closures and dispositions' dilutive impact concern us.