Apartment Investment and Management (NYSE:AIV) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• Apartment Investment and Management (NYSE:AIV) reported a quarterly earnings loss of ($0.14) earnings per share and has a negative net margin of 50.37%.
• The company's stock price fell by 1.7% to $7.91, with a market cap of $1.12 billion and a PE ratio of -10.27.
• Wall Street analysts have mixed views, with some lowering their rating to "sell" while others set a price target of $10.00 after upgrading their rating to "outperform."

Apartment Investment and Management (NYSE:AIV - Get Free Report) posted its quarterly earnings results on Monday. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03), RTT News reports. Apartment Investment and Management had a negative return on equity of 34.47% and a negative net margin of 30.59%. The firm had revenue of $52.76 million for the quarter, compared to the consensus estimate of $54.62 million. During the same period in the previous year, the company posted ($0.43) EPS. Apartment Investment and Management updated its FY 2025 guidance to 5.200-5.400 EPS.

Apartment Investment and Management Stock Up 1.2%

Apartment Investment and Management stock traded up $0.09 during midday trading on Friday, reaching $7.89. The company's stock had a trading volume of 1,673,275 shares, compared to its average volume of 1,688,366. The stock's 50-day simple moving average is $8.49 and its 200-day simple moving average is $8.41. The company has a debt-to-equity ratio of 8.06, a current ratio of 1.25 and a quick ratio of 1.34. Apartment Investment and Management has a 52-week low of $6.89 and a 52-week high of $9.48. The stock has a market capitalization of $1.12 billion, a P/E ratio of -16.44 and a beta of 1.39.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AIV shares. Wall Street Zen downgraded Apartment Investment and Management from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. Wolfe Research raised 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.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AIV. Sei Investments Co. acquired a new position in shares of Apartment Investment and Management in the 2nd quarter valued at $5,620,000. Vision Capital Corp lifted its stake in shares of Apartment Investment and Management by 150.8% in the 2nd quarter. Vision Capital Corp now owns 624,036 shares of the real estate investment trust's stock valued at $5,398,000 after purchasing an additional 375,256 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in Apartment Investment and Management during the 2nd quarter worth about $2,162,000. Lazard Asset Management LLC acquired a new position in Apartment Investment and Management during the 2nd quarter worth about $1,292,000. Finally, Squarepoint Ops LLC lifted its stake in Apartment Investment and Management by 278.1% during the 2nd quarter. Squarepoint Ops LLC now owns 157,880 shares of the real estate investment trust's stock worth $1,366,000 after acquiring an additional 116,122 shares in the last quarter. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

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.