VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Holdings in Apartment Investment and Management Company $AIV

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Apartment Investment and Management Company (NYSE:AIV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 308,000 shares of the real estate investment trust's stock, valued at approximately $2,664,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.22% of Apartment Investment and Management as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Apartment Investment and Management by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 19,340,629 shares of the real estate investment trust's stock valued at $170,198,000 after buying an additional 212,813 shares during the period. Newtyn Management LLC increased its stake 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 buying an additional 1,223,856 shares during the period. Irenic Capital Management LP increased its stake in Apartment Investment and Management by 21.5% in the 1st 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 period. Aew Capital Management L P acquired a new position in Apartment Investment and Management in the 1st quarter valued at approximately $17,491,000. Finally, Nuveen LLC acquired a new position in Apartment Investment and Management in the 1st quarter valued at approximately $5,067,000. Institutional investors and hedge funds own 83.26% of the company's stock.

Apartment Investment and Management Stock Performance

Shares of AIV opened at $5.65 on Wednesday. The company's fifty day moving average is $7.58 and its 200-day moving average is $7.99. Apartment Investment and Management Company has a 12 month low of $5.49 and a 12 month high of $9.29. The firm has a market cap of $803.45 million, a price-to-earnings ratio of -11.76 and a beta of 1.45. 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 announced its quarterly earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) EPS for the quarter, missing the consensus estimate 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 business had revenue of $52.76 million for the quarter, compared to analyst estimates of $54.62 million. During the same quarter last year, the company earned ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Equities analysts expect that Apartment Investment and Management Company will post -0.8 EPS for the current fiscal year.

Apartment Investment and Management Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AIV shares. Weiss Ratings reiterated a "sell (d+)" rating on shares of Apartment Investment and Management in a research note on Wednesday, October 8th. Wolfe Research upgraded 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 note on Monday, August 4th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Apartment Investment and Management presently has a consensus rating of "Hold" and an average target price of $10.00.

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.

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