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

Apartment Investment and Management (NYSE:AIV) issued its quarterly earnings data on Monday. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates 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 Trading Down 0.1%

NYSE AIV traded down $0.01 during trading hours on Monday, hitting $4.41. 4,528,863 shares of the company were exchanged, compared to its average volume of 3,627,505. The stock has a 50-day moving average price of $5.85 and a 200 day moving average price of $6.36. 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 has a 52 week low of $4.31 and a 52 week high of $9.13. The stock has a market cap of $634.67 million, a PE ratio of 2.56 and a beta of 1.35.

Apartment Investment and Management Announces Dividend

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

Hedge Funds Weigh In On Apartment Investment and Management

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its holdings in Apartment Investment and Management by 72.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,641 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,951 shares during the period. Parallel Advisors LLC increased its position in Apartment Investment and Management by 2,561.7% during the fourth quarter. Parallel Advisors LLC now owns 4,658 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 4,483 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Apartment Investment and Management in the second quarter valued at $59,000. Federation des caisses Desjardins du Quebec lifted its holdings in shares of 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, Creative Planning lifted 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 worth $105,000 after acquiring an additional 1,712 shares during the last quarter. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Apartment Investment and Management in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus 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.