Apartment Investment and Management Company $AIV Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its stake in Apartment Investment and Management Company by 22.4%, now holding 441,718 shares valued at approximately $3.89 million.
• The company reported a loss of ($0.14) EPS for the most recent quarter, missing analyst expectations and previously earning ($0.43) EPS during the same period last year.
• A special dividend of $2.23 per share has been declared, which will be paid to shareholders on October 15th, with the ex-dividend date set for October 16th.

Voya Investment Management LLC cut its stake in shares of Apartment Investment and Management Company (NYSE:AIV - Free Report) by 22.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 441,718 shares of the real estate investment trust's stock after selling 127,489 shares during the period. Voya Investment Management LLC owned about 0.31% of Apartment Investment and Management worth $3,887,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AIV. Vanguard Group Inc. raised its position in shares of Apartment Investment and Management by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 19,340,629 shares of the real estate investment trust's stock worth $170,198,000 after purchasing an additional 212,813 shares during the last quarter. Newtyn Management LLC lifted its holdings in Apartment Investment and Management by 32.4% in the 1st quarter. Newtyn Management LLC now owns 5,000,000 shares of the real estate investment trust's stock valued at $44,000,000 after purchasing an additional 1,223,856 shares in the last quarter. Irenic Capital Management LP raised its position in shares of Apartment Investment and Management by 21.5% in the first quarter. Irenic Capital Management LP now owns 4,633,134 shares of the real estate investment trust's stock valued at $40,772,000 after buying an additional 820,539 shares during the last quarter. Aew Capital Management L P purchased a new stake in Apartment Investment and Management during the 1st quarter valued at about $17,491,000. Finally, Nuveen LLC purchased a new stake in Apartment Investment and Management during the 1st quarter valued at about $5,067,000. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Trading Up 0.8%

AIV traded up $0.07 during mid-day trading on Tuesday, hitting $7.85. 94,802 shares of the stock were exchanged, compared to its average volume of 1,186,262. The firm's fifty day moving average is $8.06 and its two-hundred day moving average is $8.18. Apartment Investment and Management Company has a 1-year low of $6.89 and a 1-year high of $9.41. 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 company has a market cap of $1.12 billion, a PE ratio of -16.34 and a beta of 1.46.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03). Apartment Investment and Management had a negative net margin of 30.59% and a negative return on equity of 34.47%. The business had revenue of $52.76 million during the quarter, compared to analyst estimates of $54.62 million. 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 analysts forecast that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AIV. Wolfe Research upgraded 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 report on Monday, August 4th. Wall Street Zen downgraded Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target 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.