|Bid||4.7800 x 4000|
|Ask||4.7900 x 4000|
|Day's Range||4.7400 - 4.9096|
|52 Week Range||3.2702 - 7.4229|
|Beta (5Y Monthly)||0.50|
|PE Ratio (TTM)||3.75|
|Earnings Date||Jan 28, 2021 - Feb 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||37.12|
Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today the 2020 dividend allocation for federal income tax purposes for its Class A Common Stock. Aimco’s tax return for the year ended December 31, 2020 has not yet been filed. As a result, the income tax character for the distributions shown below has been calculated using the best available information as of the date of this release. Please note that federal tax laws affect taxpayers differently, and the information in this release is not intended as advice to shareholders as to how dividends should be reported on their tax returns. Also note that state and local taxation of real estate investment trust dividends varies and may not be the same as the taxation under federal rules. Aimco encourages shareholders to consult with their own tax advisors with respect to federal, state and local income tax effects of these distributions.
Real Estate Investment Trust (REIT) Apartment Income REIT Corp. (NYSE: AIRC), or AIR, recently made its public market debut following its separation from fellow residential REIT Apartment and Investment Management (NYSE: AIV), or Aimco. The REITs decided to go their separate ways to concentrate on one aspect of the former combined business model. AIR would focus on owning a diversified portfolio of cash-flowing apartment communities to support a steady dividend, while Aimco would concentrate on developing and redeveloping apartment communities.
The strategies of these five REITs that invest in purchasing, developing, and managing apartment complexes may make them smart investments.