Public Employees Retirement System of Ohio Increases Stock Holdings in Apartment Investment and Management Company $AIV

Public Employees Retirement System of Ohio increased its holdings in Apartment Investment and Management Company (NYSE:AIV) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,735 shares of the real estate investment trust’s stock after acquiring an additional 3,061 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.13% of Apartment Investment and Management worth $1,607,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Apartment Investment and Management by 980.0% in the first quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 8,281 shares during the period. Covestor Ltd lifted its position in Apartment Investment and Management by 276.5% during 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 period. New Age Alpha Advisors LLC purchased a new position in Apartment Investment and Management during the first quarter valued at $85,000. Principal Financial Group Inc. purchased a new position in Apartment Investment and Management during the first quarter valued at $89,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Apartment Investment and Management during the first quarter valued at $149,000. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on AIV shares. Wolfe Research raised 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 report on Monday, August 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.00.

Apartment Investment and Management Price Performance

NYSE AIV opened at $7.80 on Friday. Apartment Investment and Management Company has a one year low of $6.89 and a one year high of $9.29. The stock has a 50-day moving average of $7.90 and a 200 day moving average of $8.13. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -16.24 and a beta of 1.45. The company has a debt-to-equity ratio of 8.06, a quick ratio of 1.25 and a current ratio of 1.25.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data 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 business had revenue of $52.76 million during the quarter, compared to the consensus estimate of $54.62 million. 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, sell-side analysts forecast 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 disclosed a special dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $2.23 dividend. The ex-dividend date is Thursday, October 16th.

Apartment Investment and Management 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.