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 $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $2.19, FiscalAI reports. Apartment Investment and Management had a negative return on equity of 98.07% and a net margin of 125.34%.

Apartment Investment and Management Stock Down 0.1%

Shares of AIV stock traded down $0.01 on Monday, hitting $4.41. The stock had a trading volume of 4,528,863 shares, compared to its average volume of 3,627,505. Apartment Investment and Management has a one year low of $4.31 and a one year high of $9.13. The business has a 50 day moving average price of $5.85 and a 200 day moving average price of $6.36. The company has a market cap of $634.67 million, a PE ratio of 2.56 and a beta of 1.35. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 8.00.

Apartment Investment and Management Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $1.45 dividend. The ex-dividend date is Friday, February 27th.

Institutional Investors Weigh In On Apartment Investment and Management

Hedge funds have recently modified their holdings of the business. Creative Planning raised 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 buying an additional 1,712 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of 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 acquiring an additional 1,864 shares during the period. Quadrant Capital Group LLC raised its stake in Apartment Investment and Management by 72.5% in the 4th quarter. Quadrant Capital Group LLC now owns 4,641 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 1,951 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its stake in Apartment Investment and Management by 25.8% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 10,418 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 2,137 shares during the last quarter. Finally, Amundi lifted its position in Apartment Investment and Management by 3.6% during the 3rd quarter. Amundi now owns 69,627 shares of the real estate investment trust’s stock worth $537,000 after acquiring an additional 2,396 shares during the period. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.00.

About Apartment Investment and Management

Apartment Investment and Management Company (NYSE:AIV), commonly known as Aimco, is a real estate investment trust focused on the ownership and operation of multifamily residential communities in the United States. The company acquires, develops and manages apartment properties that offer a range of living environments—from urban high-rise buildings to garden-style communities. Aimco’s core business includes leasing apartments, providing on-site services and amenities, and overseeing property maintenance to drive occupancy and resident satisfaction.

Founded in 1994 as part of GMAC Residential, Aimco became a publicly traded REIT with headquarters in Denver, Colorado.