Nisa Investment Advisors LLC Sells 23,370 Shares of Apartment Investment and Management Company $AIV

Nisa Investment Advisors LLC lessened its position in Apartment Investment and Management Company (NYSE:AIV) by 49.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,907 shares of the real estate investment trust’s stock after selling 23,370 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Apartment Investment and Management were worth $207,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of 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 worth $170,198,000 after acquiring an additional 212,813 shares during the last quarter. Newtyn Management LLC lifted its holdings 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 acquiring an additional 1,223,856 shares during the last quarter. Irenic Capital Management LP lifted its holdings in shares of 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 worth $40,772,000 after acquiring an additional 820,539 shares during the last quarter. Aew Capital Management L P bought a new stake in shares of Apartment Investment and Management in the 1st quarter worth about $17,491,000. Finally, Nuveen LLC bought a new stake in shares of Apartment Investment and Management in the 1st quarter worth about $5,067,000. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

Shares of AIV opened at $5.26 on Tuesday. The company has a 50 day moving average price of $7.17 and a 200-day moving average price of $7.87. Apartment Investment and Management Company has a fifty-two week low of $5.24 and a fifty-two week high of $9.29. The stock has a market capitalization of $747.95 million, a PE ratio of -10.95 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 announced its quarterly 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). 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 analysts’ expectations of $54.62 million. During the same period in the previous year, the company posted ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Equities analysts predict that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $2.23 per share. Apartment Investment and Management’s dividend payout ratio (DPR) is presently -210.42%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AIV. Weiss Ratings reiterated a “sell (d)” rating on shares of Apartment Investment and Management in a report on Thursday, October 30th. Wolfe Research upgraded 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 report on Monday, August 4th. One investment 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 stock currently has an average rating of “Hold” and an average target price of $10.00.

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.