Apartment Investment and Management (NYSE:AIV) Posts Earnings Results

Apartment Investment and Management (NYSE:AIV) issued its quarterly earnings data on Monday. The real estate investment trust reported ($0.60) EPS for the quarter, Zacks reports. Apartment Investment and Management had a negative return on equity of 34.47% and a negative net margin of 30.59%. Apartment Investment and Management updated its FY 2025 guidance to 4.750-4.950 EPS.

Apartment Investment and Management Stock Down 0.3%

Shares of Apartment Investment and Management stock traded down $0.02 during trading hours on Monday, reaching $5.37. 1,480,374 shares of the company’s stock were exchanged, compared to its average volume of 1,364,873. The stock has a market cap of $763.61 million, a P/E ratio of -11.18 and a beta of 1.44. The company has a 50 day moving average of $6.97 and a two-hundred day moving average of $7.80. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 8.06. Apartment Investment and Management has a fifty-two week low of $5.24 and a fifty-two week high of $9.29.

Apartment Investment and Management Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AIV shares. Wolfe Research upgraded 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 research report on Monday, August 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of Apartment Investment and Management in a report on Thursday, October 30th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Apartment Investment and Management currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Institutional Trading of Apartment Investment and Management

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Apartment Investment and Management in the second quarter valued at approximately $59,000. Creative Planning boosted its holdings in shares of Apartment Investment and Management by 16.4% in the 2nd quarter. Creative Planning now owns 12,162 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 1,712 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Apartment Investment and Management by 193.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,242 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 10,711 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Apartment Investment and Management in the second quarter valued at $156,000. Finally, Franklin Resources Inc. acquired a new position in Apartment Investment and Management during the second quarter worth $204,000. Institutional investors own 83.26% of the company’s stock.

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.