Y Intercept Hong Kong Ltd Takes $1.08 Million Position in Apartment Investment and Management Company $AIV

Y Intercept Hong Kong Ltd purchased a new stake in Apartment Investment and Management Company (NYSE:AIV) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 124,915 shares of the real estate investment trust’s stock, valued at approximately $1,081,000. Y Intercept Hong Kong Ltd owned 0.09% of Apartment Investment and Management as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Apartment Investment and Management by 1.1% in the first 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 holdings in shares of Apartment Investment and Management by 32.4% in the first quarter. Newtyn Management LLC now owns 5,000,000 shares of the real estate investment trust’s stock valued at $44,000,000 after buying an additional 1,223,856 shares during the period. Irenic Capital Management LP boosted its holdings in shares of Apartment Investment and Management by 21.5% in the first 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 buying an additional 820,539 shares during the period. Aew Capital Management L P acquired a new position in shares of Apartment Investment and Management in the first quarter valued at approximately $17,491,000. Finally, Nuveen LLC acquired a new position in shares of Apartment Investment and Management in the first quarter valued at approximately $5,067,000. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Stock Performance

Shares of AIV stock opened at $5.26 on Tuesday. The company’s fifty day simple moving average is $7.17 and its 200-day simple moving average is $7.87. 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 firm has a market cap of $747.95 million, a PE ratio of -10.95 and a beta of 1.45. Apartment Investment and Management Company has a 12 month low of $5.24 and a 12 month high of $9.29.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Monday, August 11th. The real estate investment trust reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The business 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 return on equity of 34.47% and a negative net margin of 30.59%.During the same period in the prior year, the firm earned ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Equities research analysts expect that Apartment Investment and Management Company will post -0.8 EPS for the current fiscal year.

Apartment Investment and Management Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AIV shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Apartment Investment and Management in a report on Thursday, October 30th. 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 research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.00.

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.