Apartment Investment and Management (NYSE:AIV) Reaches New 1-Year Low – What’s Next?

Apartment Investment and Management Company (NYSE:AIV)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $5.24 and last traded at $5.2550, with a volume of 178296 shares. The stock had previously closed at $5.32.

Analyst Ratings Changes

Several research firms have recently issued reports on AIV. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Apartment Investment and Management in a research report on Thursday. Wolfe Research upgraded Apartment Investment and Management from a “peer perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research report on Monday, August 4th. One 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, Apartment Investment and Management has a consensus rating of “Hold” and an average target price of $10.00.

Apartment Investment and Management Price Performance

The stock has a market cap of $749.37 million, a price-to-earnings ratio of -10.97 and a beta of 1.45. The company has a 50-day moving average of $7.22 and a 200-day moving average of $7.88. The company has a debt-to-equity ratio of 8.06, a quick ratio of 1.25 and a current ratio of 1.25.

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 (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The company had revenue of $52.76 million during the quarter, compared to analyst estimates of $54.62 million. Apartment Investment and Management had a negative net margin of 30.59% and a negative return on equity of 34.47%. During the same quarter last year, the firm earned ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. As a group, equities research analysts predict that Apartment Investment and Management Company will post -0.8 earnings per share 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. Shareholders of record on Tuesday, September 30th were issued a $2.23 dividend. Apartment Investment and Management’s dividend payout ratio is presently -210.42%.

Institutional Investors Weigh In On Apartment Investment and Management

A number of institutional investors have recently added to or reduced their stakes in the business. Aberdeen Group plc boosted its holdings in Apartment Investment and Management by 3.6% in the 1st quarter. Aberdeen Group plc now owns 38,912 shares of the real estate investment trust’s stock valued at $342,000 after purchasing an additional 1,351 shares in the last quarter. Arizona State Retirement System boosted its holdings in Apartment Investment and Management by 4.1% in the 1st quarter. Arizona State Retirement System now owns 38,495 shares of the real estate investment trust’s stock valued at $339,000 after purchasing an additional 1,507 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Apartment Investment and Management by 8.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 21,189 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 1,631 shares in the last quarter. Creative Planning boosted its holdings in 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 purchasing an additional 1,712 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Apartment Investment and Management by 4.2% in 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 in the last quarter. Hedge funds and other 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.