Rhumbline Advisers Sells 6,132 Shares of Apartment Investment and Management Company $AIV

Rhumbline Advisers reduced its stake in Apartment Investment and Management Company (NYSE:AIV) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,768 shares of the real estate investment trust’s stock after selling 6,132 shares during the period. Rhumbline Advisers owned 0.17% of Apartment Investment and Management worth $2,066,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in shares of Apartment Investment and Management in the 4th quarter worth approximately $77,000. GAMMA Investing LLC lifted its position in shares of Apartment Investment and Management by 980.0% in the 1st quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 8,281 shares during the period. Covestor Ltd lifted its position in shares of Apartment Investment and Management by 276.5% in the 1st quarter. Covestor Ltd now owns 9,355 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 6,870 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Apartment Investment and Management in the 1st quarter worth approximately $85,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Apartment Investment and Management in the 1st quarter worth approximately $89,000. 83.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AIV shares. Wolfe Research raised shares of Apartment Investment and Management from a “peer perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research report on Monday, August 4th. Wall Street Zen cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Apartment Investment and Management presently has a consensus rating of “Buy” and an average target price of $10.00.

Apartment Investment and Management Trading Down 0.5%

NYSE AIV opened at $7.81 on Thursday. The company has a fifty day simple moving average of $8.11 and a two-hundred day simple moving average of $8.22. The stock has a market cap of $1.11 billion, a P/E ratio of -16.27 and a beta of 1.46. Apartment Investment and Management Company has a 12-month low of $6.89 and a 12-month high of $9.41. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 8.06.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The company had revenue of $52.76 million during the quarter, compared to analysts’ expectations of $54.62 million. Apartment Investment and Management had a negative return on equity of 34.47% and a negative net margin of 30.59%.During the same period in the prior year, the business posted ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. On average, analysts forecast that Apartment Investment and Management Company will post -0.8 earnings per share for the current year.

Apartment Investment and Management Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $2.23 dividend. The ex-dividend date is Thursday, October 16th.

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.