Apartment Investment and Management Company (NYSE:AIV) Declares $2.23 Special Dividend

Key Points

• Apartment Investment and Management Company has announced a special dividend of $2.23 per share, payable on October 15th to stockholders of record as of September 30th.
• The company's latest quarterly earnings reflected a loss of ($0.14) EPS, falling short of analysts' expectations, amid a revenue of $52.76 million.
• Currently, NYSE:AIV shares are trading at $7.43, down 1.1%, with a market cap of $1.06 billion and a price-to-earnings ratio of -15.47.

Apartment Investment and Management Company (NYSE:AIV - Get Free Report) announced a special dividend on Monday, September 15th, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 2.23 per share by the real estate investment trust on Wednesday, October 15th. The ex-dividend date of this dividend is Thursday, October 16th.

Apartment Investment and Management Stock Performance

Shares of NYSE AIV traded down $0.03 during trading hours on Friday, reaching $7.87. The stock had a trading volume of 2,063,403 shares, compared to its average volume of 1,698,914. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -16.40 and a beta of 1.46. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 8.06. Apartment Investment and Management has a fifty-two week low of $6.89 and a fifty-two week high of $9.41. The firm has a 50-day moving average of $8.08 and a 200-day moving average of $8.20.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted 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). The company had revenue of $52.76 million for the quarter, compared to analysts' expectations 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 period in the prior year, the company earned ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Equities research analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

AIV has been the subject of several analyst reports. 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 note on Monday, August 4th. Wall Street Zen downgraded Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Apartment Investment and Management presently has a consensus rating of "Buy" and a consensus price target of $10.00.

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.