Apartment Investment and Management (NYSE:AIV) Sets New 1-Year Low - Should You Sell?

Key Points

• The share price of Apartment Investment and Management Company (NYSE:AIV) hit a new 52-week low at $5.57 on Thursday, significantly down from its previous close of $7.85.
• Equities analysts have mixed opinions on the stock, with Wolfe Research upgrading it to an "outperform" rating while Weiss Ratings maintained a "sell" rating, reflecting differing expectations for its future performance.
• Apartment Investment and Management recently declared a **special dividend** of $2.23 per share, with a substantial portion of its stock, approximately 83.26%, being held by institutional investors.

Apartment Investment and Management Company (NYSE:AIV - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as $5.57 and last traded at $5.76, with a volume of 56730 shares changing hands. The stock had previously closed at $7.85.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AIV shares. 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. Weiss Ratings reissued a "sell (d+)" rating on shares of Apartment Investment and Management in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Apartment Investment and Management presently has an average rating of "Hold" and an average price target of $10.00.

Apartment Investment and Management Stock Up 1.0%

The firm's 50 day moving average price is $7.77 and its two-hundred day moving average price is $8.08. The company has a market cap of $808.29 million, a P/E ratio of -11.89 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 - Get Free Report) last announced 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 business had revenue of $52.76 million for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Equities research analysts anticipate 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 declared a special dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $2.23 dividend.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AIV. GAMMA Investing LLC increased its position in shares of Apartment Investment and Management by 980.0% in the first quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust's stock worth $80,000 after purchasing an additional 8,281 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Apartment Investment and Management by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 216,792 shares of the real estate investment trust's stock valued at $1,908,000 after acquiring an additional 4,088 shares during the last quarter. Saybrook Capital NC grew its position in Apartment Investment and Management by 2.6% during the first quarter. Saybrook Capital NC now owns 159,500 shares of the real estate investment trust's stock valued at $1,404,000 after acquiring an additional 4,000 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in Apartment Investment and Management during the first quarter valued at approximately $414,000. Finally, Perpetual Ltd bought a new position in Apartment Investment and Management during the first quarter valued at approximately $349,000. 83.26% of the stock is currently owned by 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.

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