Apartment Investment and Management Company $AIV Shares Acquired by Bleakley Financial Group LLC

Key Points

• Bleakley Financial Group LLC increased its ownership in Apartment Investment and Management Company by 28.0%, holding 320,756 shares valued at approximately $2.77 million.
• The company reported a loss of $0.14 EPS for the last quarter, missing analysts' expectations, and set its FY 2025 guidance for EPS at 5.200-5.400.
• A special dividend of $2.23 was recently paid to stockholders, with the record date on September 30th.

Bleakley Financial Group LLC boosted its stake in shares of Apartment Investment and Management Company (NYSE:AIV - Free Report) by 28.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 320,756 shares of the real estate investment trust's stock after purchasing an additional 70,095 shares during the quarter. Bleakley Financial Group LLC owned approximately 0.23% of Apartment Investment and Management worth $2,775,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd boosted its position in Apartment Investment and Management by 276.5% during the 1st quarter. Covestor Ltd now owns 9,355 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 6,870 shares during the period. New Age Alpha Advisors LLC acquired a new position in Apartment Investment and Management during the 1st quarter valued at approximately $85,000. Principal Financial Group Inc. acquired a new position in Apartment Investment and Management during the 1st quarter valued at approximately $89,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Apartment Investment and Management during the 1st quarter valued at approximately $149,000. Finally, Teacher Retirement System of Texas acquired a new position in Apartment Investment and Management during the 1st quarter valued at approximately $172,000. Institutional investors and hedge funds own 83.26% of the company's stock.

Apartment Investment and Management Trading Up 0.6%

Shares of AIV stock opened at $5.73 on Friday. 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 Company has a 1 year low of $5.49 and a 1 year high of $9.29. The stock has a fifty day moving average of $7.45 and a two-hundred day moving average of $7.95. The firm has a market capitalization of $814.84 million, a PE ratio of -11.93 and a beta of 1.45.

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 analysts' consensus estimates of ($0.11) by ($0.03). 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 during the quarter, compared to the consensus estimate of $54.62 million. During the same period in the prior year, the firm posted ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. As a group, research analysts expect that Apartment Investment and Management Company will post -0.8 EPS for the current year.

Apartment Investment and Management Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $2.23 dividend.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wolfe Research upgraded Apartment Investment and Management from a "peer perform" rating to an "outperform" rating and set a $10.00 price target for the company in a research report on Monday, August 4th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Apartment Investment and Management in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price 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.

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