Apartment Investment and Management (NYSE:AIV) Posts Quarterly Earnings Results, Beats Expectations By $2.15 EPS

Apartment Investment and Management (NYSE:AIV) posted its earnings results on Monday. The real estate investment trust reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $2.15, FiscalAI reports. 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 $35.13 million for the quarter, compared to analyst estimates of $56.09 million. Apartment Investment and Management updated its FY 2025 guidance to 4.750-4.950 EPS.

Apartment Investment and Management Trading Down 0.3%

NYSE:AIV opened at $5.37 on Tuesday. Apartment Investment and Management has a 12 month low of $5.24 and a 12 month high of $9.29. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 8.06. The firm’s 50 day moving average is $6.92 and its 200 day moving average is $7.78. The stock has a market capitalization of $763.61 million, a PE ratio of -11.18 and a beta of 1.44.

Apartment Investment and Management Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $2.23 dividend. Apartment Investment and Management’s dividend payout ratio (DPR) is presently -210.42%.

Institutional Trading of Apartment Investment and Management

Several hedge funds have recently made changes to their positions in AIV. Creative Planning boosted its holdings in shares of Apartment Investment and Management by 16.4% in the second quarter. Creative Planning now owns 12,162 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 1,712 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Apartment Investment and Management by 4.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 46,591 shares of the real estate investment trust’s stock valued at $403,000 after purchasing an additional 1,864 shares during the period. Tidal Investments LLC lifted its holdings in Apartment Investment and Management by 8.8% during the 2nd quarter. Tidal Investments LLC now owns 42,589 shares of the real estate investment trust’s stock worth $368,000 after purchasing an additional 3,442 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Apartment Investment and Management by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,692 shares of the real estate investment trust’s stock worth $728,000 after purchasing an additional 3,635 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Apartment Investment and Management during the 2nd quarter valued at about $59,000. 83.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AIV. Wolfe Research raised Apartment Investment and Management from a “peer perform” rating to an “outperform” rating and set a $10.00 price objective for the company in a report on Monday, August 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Apartment Investment and Management in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Apartment Investment and Management presently has an average rating of “Hold” and an average price target of $10.00.

Apartment Investment and Management Company Profile

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.