Apartment Investment and Management (NYSE:AIV) Releases Earnings Results, Beats Estimates By $2.19 EPS

Apartment Investment and Management (NYSE:AIV) released its quarterly earnings results on Monday. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate of ($0.11) by $2.19, FiscalAI reports. Apartment Investment and Management had a net margin of 125.34% and a negative return on equity of 98.07%.

Apartment Investment and Management Price Performance

Shares of NYSE AIV traded down $0.01 during trading on Monday, hitting $4.41. 4,538,864 shares of the company were exchanged, compared to its average volume of 3,627,505. The company has a market cap of $634.67 million, a price-to-earnings ratio of 2.56 and a beta of 1.35. Apartment Investment and Management has a 1 year low of $4.31 and a 1 year high of $9.13. The firm’s fifty day moving average price is $5.85 and its 200 day moving average price is $6.36. The company has a debt-to-equity ratio of 8.00, a current ratio of 4.97 and a quick ratio of 4.97.

Apartment Investment and Management Dividend Announcement

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

Institutional Trading of Apartment Investment and Management

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in Apartment Investment and Management by 66.3% in the 1st quarter. AQR Capital Management LLC now owns 27,747 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 11,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Apartment Investment and Management by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,692 shares of the real estate investment trust’s stock worth $728,000 after acquiring an additional 3,635 shares during the last quarter. Creative Planning lifted its position 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 valued at $105,000 after acquiring an additional 1,712 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Apartment Investment and Management during the second quarter valued at $204,000. Finally, Quantbot Technologies LP increased its position in Apartment Investment and Management by 23.8% during the 2nd quarter. Quantbot Technologies LP now owns 44,831 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 8,625 shares in the last quarter. Institutional investors and hedge funds 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 research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.