State of Alaska Department of Revenue Sells 2,752 Shares of Apartment Investment and Management Company $AIV

State of Alaska Department of Revenue lowered its position in Apartment Investment and Management Company (NYSE:AIV) by 4.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 63,998 shares of the real estate investment trust’s stock after selling 2,752 shares during the period. State of Alaska Department of Revenue’s holdings in Apartment Investment and Management were worth $553,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Apartment Investment and Management by 980.0% during the 1st quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 8,281 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Apartment Investment and Management by 276.5% during the 1st quarter. Covestor Ltd now owns 9,355 shares of the real estate investment trust’s stock valued at $83,000 after purchasing an additional 6,870 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Apartment Investment and Management during the 1st quarter valued at about $85,000. Principal Financial Group Inc. bought a new position in shares of Apartment Investment and Management during the 1st quarter valued at about $89,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Apartment Investment and Management during the 1st quarter valued at about $149,000. Institutional investors own 83.26% of the company’s stock.

Analysts Set New Price Targets

AIV has been the subject of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a report on Wednesday. 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 on the stock in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

Apartment Investment and Management Price Performance

Shares of AIV opened at $7.61 on Thursday. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -15.85 and a beta of 1.45. Apartment Investment and Management Company has a twelve month low of $6.89 and a twelve month high of $9.29. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 8.06. The company has a 50 day moving average of $7.84 and a two-hundred day moving average of $8.11.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The firm had revenue of $52.76 million during the quarter, compared to analyst estimates 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 last year, the business earned ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. As a group, 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 announced a special dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $2.23 dividend. Apartment Investment and Management’s dividend payout ratio (DPR) is -210.42%.

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.