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Apartment Invest: New 52-Week Low Set Today (AIV)

By Shiri Gupta

Apartment Invest (NYSE:AIV) traded at a new 52-week low today of $29.06. Approximately 122,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.

Apartment Invest (NYSE:AIV) has potential upside of 46.7% based on a current price of $30.42 and analysts' consensus price target of $44.64. Apartment Invest shares should first meet resistance at the 50-day moving average (MA) of $50.92 and find additional resistance at the 200-day MA of $51.56.

In the past 52 weeks, Apartment Invest share prices have been bracketed by a current low of $29.06 and a high of $55.68 and are now at $30.42. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has slid 0.4%.

Apartment Investment & Management Company is a self-administered and self-managed real estate investment trust. The trust owns a geographically diversified portfolio of multifamily apartment properties in the United States, the District of Columbia, and Puerto Rico. Apartment Investment also provides property management and asset management services.

SmarTrend is tracking the current trend status for Apartment Invest and will alert subscribers who have AIV in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows apartment invest

Ticker(s): AIV