Apartment Investment and Management Company (NYSE:AIV) to Issue Special Dividend of $2.23

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) declared a special dividend on Monday, September 15th, RTT News reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 2.23 per share by the real estate investment trust on Wednesday, October 15th.

Apartment Investment and Management Trading Down 1.1%

Shares of NYSE AIV traded down $0.09 during mid-day trading on Monday, reaching $7.43. The company had a trading volume of 1,524,471 shares, compared to its average volume of 1,132,431. The business's 50-day moving average is $8.16 and its 200-day moving average is $8.23. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 8.06. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -15.47 and a beta of 1.46. Apartment Investment and Management has a 52 week low of $6.89 and a 52 week high of $9.41.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its quarterly earnings results 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 company 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 quarter in the previous year, the company posted ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Equities analysts expect that Apartment Investment and Management will post -0.8 earnings per share for the current year.

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.

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