Strs Ohio Invests $227,000 in Apartment Investment and Management Company $AIV

Strs Ohio bought a new stake in Apartment Investment and Management Company (NYSE:AIV) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,800 shares of the real estate investment trust’s stock, valued at approximately $227,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in Apartment Investment and Management by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 19,340,629 shares of the real estate investment trust’s stock valued at $170,198,000 after buying an additional 212,813 shares during the period. Newtyn Management LLC boosted its position in shares of Apartment Investment and Management by 32.4% in the 1st quarter. Newtyn Management LLC now owns 5,000,000 shares of the real estate investment trust’s stock worth $44,000,000 after buying an additional 1,223,856 shares in the last quarter. Irenic Capital Management LP lifted its holdings in Apartment Investment and Management by 21.5% in the 1st quarter. Irenic Capital Management LP now owns 4,633,134 shares of the real estate investment trust’s stock valued at $40,772,000 after purchasing an additional 820,539 shares in the last quarter. Aew Capital Management L P purchased a new position in Apartment Investment and Management in the 1st quarter valued at about $17,491,000. Finally, Nuveen LLC acquired a new position in shares of Apartment Investment and Management during the 1st quarter valued at about $5,067,000. 83.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research 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 price objective for the company in a research note 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, the stock currently has a consensus rating of “Buy” and an average target price of $10.00.

Apartment Investment and Management Stock Performance

AIV stock opened at $7.70 on Thursday. The company has a debt-to-equity ratio of 8.06, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -16.04 and a beta of 1.46. Apartment Investment and Management Company has a 1 year low of $6.89 and a 1 year high of $9.41. The stock’s fifty day moving average is $8.02 and its two-hundred day moving average is $8.18.

Apartment Investment and Management (NYSE:AIV) last posted its 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 the consensus estimate of $54.62 million. Apartment Investment and Management had a negative net margin of 30.59% and a negative return on equity of 34.47%. During the same quarter in the previous year, the business posted ($0.43) earnings per share. 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 EPS for the current year.

Apartment Investment and Management Dividend Announcement

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