Goldman Sachs Group Inc. Trims Holdings in Apartment Investment and Management Company $AIV

Key Points

• Goldman Sachs Group Inc. reduced its stake in Apartment Investment and Management Company by 19.3%, selling 126,740 shares, and now holds 0.37% of the company.
• The company reported a loss of $0.14 EPS for the last quarter, missing analyst expectations, and has set its FY 2025 guidance at 5.200-5.400 EPS.
• A special dividend of $2.23 per share has been announced, set to be paid on October 15th to stockholders of record as of September 30th.

Goldman Sachs Group Inc. cut its position in Apartment Investment and Management Company (NYSE:AIV - Free Report) by 19.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 529,648 shares of the real estate investment trust's stock after selling 126,740 shares during the quarter. Goldman Sachs Group Inc. owned 0.37% of Apartment Investment and Management worth $4,661,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AIV. ProShare Advisors LLC raised its position in shares of Apartment Investment and Management by 45.7% during the fourth quarter. ProShare Advisors LLC now owns 39,177 shares of the real estate investment trust's stock worth $356,000 after acquiring an additional 12,296 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Apartment Investment and Management in the fourth quarter valued at approximately $77,000. Western Standard LLC grew its stake in Apartment Investment and Management by 31.5% in the fourth quarter. Western Standard LLC now owns 649,086 shares of the real estate investment trust's stock valued at $5,900,000 after acquiring an additional 155,460 shares during the period. Union Square Park Capital Management LLC grew its stake in Apartment Investment and Management by 27.7% in the fourth quarter. Union Square Park Capital Management LLC now owns 300,000 shares of the real estate investment trust's stock valued at $2,727,000 after acquiring an additional 65,000 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Apartment Investment and Management by 2.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 212,704 shares of the real estate investment trust's stock valued at $1,933,000 after acquiring an additional 4,765 shares during the period. 83.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AIV shares. Wall Street Zen cut Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note 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 target price on the stock in a research report on Monday, August 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Apartment Investment and Management presently has an average rating of "Buy" and an average price target of $10.00.

Apartment Investment and Management Stock Performance

Apartment Investment and Management stock traded down $0.03 during mid-day trading on Friday, reaching $7.87. 2,063,403 shares of the company's stock were exchanged, compared to its average volume of 1,698,914. The business's fifty day simple moving average is $8.08 and its 200 day simple moving average is $8.20. The firm has a market capitalization of $1.12 billion, a PE ratio of -16.40 and a beta of 1.46. Apartment Investment and Management Company has a one year low of $6.89 and a one year high of $9.41. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 8.06.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued 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 return on equity of 34.47% and a negative net margin of 30.59%.During the same quarter last year, the business posted ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. On average, sell-side analysts expect that Apartment Investment and Management Company will post -0.8 earnings per share for the current year.

Apartment Investment and Management Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $2.23 dividend. The ex-dividend date is Thursday, October 16th.

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.