Apartment Investment and Management Company $AIV Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its stake in Apartment Investment and Management Company (NYSE:AIV) by 22.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 441,718 shares of the real estate investment trust’s stock after selling 127,489 shares during the period. Voya Investment Management LLC owned approximately 0.31% of Apartment Investment and Management worth $3,887,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AIV. Point72 Asset Management L.P. purchased a new stake in shares of Apartment Investment and Management in the 4th quarter valued at about $77,000. GAMMA Investing LLC increased its position in Apartment Investment and Management by 980.0% during the first quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 8,281 shares during the period. Covestor Ltd lifted its stake in Apartment Investment and Management by 276.5% in the first quarter. Covestor Ltd now owns 9,355 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 6,870 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Apartment Investment and Management in the first quarter valued at approximately $85,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Apartment Investment and Management in the first quarter valued at approximately $89,000. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Trading Down 0.4%

Shares of AIV opened at $7.87 on Friday. Apartment Investment and Management Company has a twelve month low of $6.89 and a twelve 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. The firm has a market capitalization of $1.12 billion, a P/E ratio of -16.40 and a beta of 1.46. The firm’s 50-day moving average is $8.08 and its two-hundred day moving average is $8.20.

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

Apartment Investment and Management Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented 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 target price on the stock in a report on Monday, August 4th. Wall Street Zen downgraded shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $10.00.

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.