308,000 Shares in Apartment Investment and Management Company $AIV Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Apartment Investment and Management Company (NYSE:AIV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 308,000 shares of the real estate investment trust’s stock, valued at approximately $2,664,000.

Several other large investors have also modified their holdings of the company. Aberdeen Group plc boosted its holdings in shares of Apartment Investment and Management by 3.6% during the 1st quarter. Aberdeen Group plc now owns 38,912 shares of the real estate investment trust’s stock worth $342,000 after buying an additional 1,351 shares during the period. Arizona State Retirement System boosted its holdings in shares of Apartment Investment and Management by 4.1% during the 1st quarter. Arizona State Retirement System now owns 38,495 shares of the real estate investment trust’s stock worth $339,000 after buying an additional 1,507 shares during the period. Invesco Ltd. boosted its holdings in shares of Apartment Investment and Management by 0.7% during the 1st quarter. Invesco Ltd. now owns 278,369 shares of the real estate investment trust’s stock worth $2,450,000 after buying an additional 1,984 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Apartment Investment and Management by 5.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 52,544 shares of the real estate investment trust’s stock worth $462,000 after buying an additional 2,681 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Apartment Investment and Management by 1.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 185,735 shares of the real estate investment trust’s stock worth $1,607,000 after buying an additional 3,061 shares during the period. 83.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AIV has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a report on Wednesday, October 8th. Wolfe Research raised shares of Apartment Investment and Management from a “peer perform” rating to an “outperform” rating and set a $10.00 price target for the company in a report on Monday, August 4th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Apartment Investment and Management presently has an average rating of “Hold” and a consensus price target of $10.00.

Apartment Investment and Management Price Performance

Shares of Apartment Investment and Management stock opened at $5.65 on Wednesday. The company has a debt-to-equity ratio of 8.06, a current ratio of 1.25 and a quick ratio of 1.25. Apartment Investment and Management Company has a fifty-two week low of $5.49 and a fifty-two week high of $9.29. The firm has a fifty day moving average price of $7.58 and a two-hundred day moving average price of $7.99. The company has a market cap of $803.45 million, a PE ratio of -11.76 and a beta of 1.45.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). Apartment Investment and Management had a negative net margin of 30.59% and a negative return on equity of 34.47%. The company had revenue of $52.76 million during the quarter, compared to the consensus estimate of $54.62 million. During the same period last year, the company earned ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Analysts expect that Apartment Investment and Management Company will post -0.8 EPS for the current year.

Apartment Investment and Management Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $2.23 per share.

About Apartment Investment and Management

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.