Stocks of Apartment Investment and Management Company (NYSE:AIV) traded higher last session on Wall Street, down -1.30% to $8.33.
According to the data, Apartment Investment and Management Company (NYSE:AIV) has 1 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $4.09 and a low of $4.09, we find $4.09. Given the previous closing price of $8.44, this indicates a potential downside of -51.54 percent. AIV stock price is now -1.49% away from the 50-day moving average and 6.33% away from the 200-day moving average. The market capitalization of the company currently stands at $1.25B.
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A total of 1 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $4.09 as their price target over the next twelve months.
A total of 8.12% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AIV stock. A new stake in Apartment Investment and Management Company shares was purchased by VERITION FUND MANAGEMENT LLC during the first quarter worth $16,902,000. IRENIC CAPITAL MANAGEMENT LP invested $13,285,000 in shares of AIV during the first quarter. In the first quarter, WATERFRONT CAPITAL PARTNERS, LLC acquired a new stake in Apartment Investment and Management Company valued at approximately $8,909,000. SIMPLEX TRADING, LLC acquired a new stake in AIV for approximately $1,394,000. K2 PRINCIPAL FUND, L.P. purchased a new stake in AIV valued at around $1,359,000 in the second quarter. In total, there are 282 active investors with 92.10% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $8.39 for Apartment Investment and Management Company (NYSE: AIV). During the past 12 months, Apartment Investment and Management Company has had a low of $6.47 and a high of $9.77. According to the stock market information, the enterprise value for the company is $2.27B, which is based on a 23.40 price-to-earnings ratio, a 3.30 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for AIV is $8.46 and a two-hundred day moving average price translates $7.84 for the stock.
The latest earnings results from Apartment Investment and Management Company (NYSE: AIV) was released for Mar, 2023. According to the REIT – Residential Company, earnings per share came in at $0.14, beating analysts’ expectations of -$0.07 by 0.21. This compares to $0.05 EPS in the same period last year. The company reported revenue of $44.27 million for the quarter, compared to $49.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.45 percent.
Moreover, the firm recently paid out its quarterly dividend on 09/30/2022. Investors who held shares on 09/14/2022 were paid a $0.02 dividend.
