Apartment Investment and Management (NYSE:AIV) Issues Quarterly Earnings Results

Apartment Investment and Management (NYSE:AIV) announced its earnings results 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 Price Performance

Shares of AIV stock traded down $0.02 during trading on Monday, hitting $5.37. The company had a trading volume of 1,480,374 shares, compared to its average volume of 1,364,873. The firm has a market capitalization of $763.61 million, a P/E ratio of -11.18 and a beta of 1.44. Apartment Investment and Management has a one year low of $5.24 and a one year high of $9.29. The company has a debt-to-equity ratio of 8.06, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s 50-day moving average price is $6.97 and its 200 day moving average price is $7.80.

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 paid a $2.23 dividend. Apartment Investment and Management’s dividend payout ratio (DPR) is currently -210.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. 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 report on Monday, August 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Apartment Investment and Management in a report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.00.

Institutional Trading of Apartment Investment and Management

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in Apartment Investment and Management by 40.1% in the third quarter. JPMorgan Chase & Co. now owns 666,654 shares of the real estate investment trust’s stock valued at $5,287,000 after purchasing an additional 190,738 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Apartment Investment and Management by 11.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 206,661 shares of the real estate investment trust’s stock worth $1,787,000 after buying an additional 21,525 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in 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 period. Vision Capital Corp raised its position in shares of Apartment Investment and Management by 150.8% in the 2nd quarter. Vision Capital Corp now owns 624,036 shares of the real estate investment trust’s stock valued at $5,398,000 after buying an additional 375,256 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of 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 acquiring an additional 3,442 shares during the period. 83.26% of the stock is owned by institutional investors and hedge funds.

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.