Apartment Investment and Management Company $AIV Shares Bought by Saybrook Capital NC

Saybrook Capital NC raised its stake in Apartment Investment and Management Company (NYSE:AIV) by 15.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 183,500 shares of the real estate investment trust’s stock after acquiring an additional 24,000 shares during the quarter. Apartment Investment and Management makes up approximately 0.4% of Saybrook Capital NC’s investment portfolio, making the stock its 23rd largest position. Saybrook Capital NC owned approximately 0.13% of Apartment Investment and Management worth $1,587,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Apartment Investment and Management by 1.1% in the first quarter. Vanguard Group Inc. now owns 19,340,629 shares of the real estate investment trust’s stock valued at $170,198,000 after acquiring an additional 212,813 shares during the period. Newtyn Management LLC increased its position in shares of Apartment Investment and Management by 32.4% in the first 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 in the last quarter. Irenic Capital Management LP increased 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 in the last quarter. Aew Capital Management L P purchased a new stake in shares of Apartment Investment and Management in the first quarter valued at approximately $17,491,000. Finally, Nuveen LLC purchased a new stake in shares of Apartment Investment and Management in the first quarter valued at approximately $5,067,000. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Up 0.6%

Shares of AIV 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 one year low of $5.49 and a one year high of $9.29. The stock has a market capitalization of $814.84 million, a price-to-earnings ratio of -11.93 and a beta of 1.45. The stock has a 50 day moving average price of $7.45 and a 200 day moving average price of $7.96.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The company had revenue of $52.76 million during the quarter, compared to analysts’ expectations 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 in the previous year, the company earned ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Equities research 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 was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $2.23 dividend.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented 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 objective for the company in a research report on Monday, August 4th. Weiss Ratings restated 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.