Shares of real estate investment trust Apartment Investment and Management (AIV) - Get Apartment Investment and Management Company Report dropped more than 80% Tuesday after the company announced the separation of its businesses, creating two separate publicly traded companies.
Full Answer
What happened to AIV ticker?
The company associated with the ticker AIV will now be called “Aimco,” and shareholders of that ticker received distributions of brand new shares of Apartment Income REIT Corp.(NYSE: AIRC) on Tuesday.
Will AIV stock Spike if it won’t pay a dividend?
For example, AIV has made clear it does not intend to pay a dividend. Now the stock has two strikes against it: Its value will be unclear and it won’t pay a dividend. As a result, don’t expect AIV stock to spike. This is despite the stock moving from $4.82 to $6.26 per share at the time of publication.
Why is AIV stock still trading at a discount to Nav?
AIV stock still trades at a discount to its NAV after the spinoff of AIRC in December Apartment Investment and Management Co. (NYSE: AIV) completed a spinoff of most of its income-producing properties at the end of 2020. As of Dec. 15, 2020, AIV issued common stock shares in Apartment Income REIT (NYSE: AIRC) to its shareholders.
Is AIV down 85% after spin-off?
So while it may look like AIV shares are tanking, the spin-off is similar to a stock split in that value is not actually lost even though the share price drops. “$AIV is not down 85%, it completed its spinoff of $AIRC. It's actually trading green on [an] adjusted basis,” said Dennis Dick, co-host of Benzinga’s PreMarket Prep.
How has Apartment Investment and Management's stock performed in 2022?
Apartment Investment and Management's stock was trading at $7.72 at the beginning of 2022. Since then, AIV shares have decreased by 19.7% and is no...
When is Apartment Investment and Management's next earnings date?
Apartment Investment and Management is scheduled to release its next quarterly earnings announcement on Friday, August 12th 2022. View our earning...
How were Apartment Investment and Management's earnings last quarter?
Apartment Investment and Management (NYSE:AIV) issued its earnings results on Tuesday, November, 9th. The real estate investment trust reported ($0...
Who are Apartment Investment and Management's key executives?
Apartment Investment and Management's management team includes the following people: Mr. Wesley William Powell , Pres, CEO & Director (Age 41, P...
What is Terry Considine's approval rating as Apartment Investment and Management's CEO?
230 employees have rated Apartment Investment and Management CEO Terry Considine on Glassdoor.com . Terry Considine has an approval rating of 83%...
Who are some of Apartment Investment and Management's key competitors?
Some companies that are related to Apartment Investment and Management include AvalonBay Communities (AVB) , Equity Residential (EQR) , Mid-Amer...
What other stocks do shareholders of Apartment Investment and Management own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Apartment Investment and Management investors own include...
What is Apartment Investment and Management's stock symbol?
Apartment Investment and Management trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIV."
Who are Apartment Investment and Management's major shareholders?
Apartment Investment and Management's stock is owned by many different institutional and retail investors. Top institutional investors include Vang...
What happened
Shares of Apartment Investment and Management Co. ( AIV ) sank 86% in December, according to data from YCharts. The stock plunged after the company officially separated its business and stock into two distinct units on Dec. 15.
NYSE: AIV
Apartment Investment and Management Co (Aimco) announced in September that it would be splitting into two separately run, publicly traded companies. The split resulted in Aimco being dropped from the S&P 500 index; Tesla was added as its replacement soon after.
So what
The current Aimco remains focused on the development and renovation of apartment properties, while the recently formed Apartment Income REIT ( AIRC -0.94% ) generates revenue from long-term apartment property rentals.
Now what
Aimco will remain focused on developing and redeveloping apartment communities, while Apartment Income REIT stands as a pure play in the existing apartment rental market.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
What is the dividend yield of AIV?
AIV has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. View Apartment Investment and Management's dividend history.
When is Apartment Investment and Management's next earnings announcement?
When is Apartment Investment and Management's next earnings date? Apartment Investment and Management is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021. View our earnings forecast for Apartment Investment and Management.
AIR Communities Announces 2021 Humberto Award Winner, Richard Sabater
AIR Communities Announces 2021 Humberto Award Winner AIR leaders celebrate the 2021 Humberto Award winner Richard Sabater (third from left). Miami, FL, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Apartment Income REIT Corp. (known as AIR Communities) is proud to announce Richard Sabater as the winner of the company’s annual Humberto Award.
Aimco Announces Fourth Quarter Earnings Date, Recent Highlights, and 2022 Plans and Goals
DENVER, February 10, 2022--Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today that it plans to report fourth quarter results for 2021 on March 1, 2022, after market close.
Hill Winds Capital LP Buys Kimco Realty Corp, Spirit Realty Capital Inc, Stag Industrial Inc, ..
Investment company Hill Winds Capital LP (Current Portfolio) buys Kimco Realty Corp, Spirit Realty Capital Inc, Stag Industrial Inc, Diamondrock Hospitality Co, Netstreit Corp, sells Camden Property Trust, Regency Centers Corp, Alexandria Real Estate Equities Inc, Independence Realty Trust Inc, Hilton Worldwide Holdings Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Hill Winds Capital LP..
KCS Wealth Advisory Buys LXP Industrial Trust, Bank of America Corp, El Paso Energy Capital ..
Investment company KCS Wealth Advisory (Current Portfolio) buys LXP Industrial Trust, Bank of America Corp, El Paso Energy Capital Trust I, RPT Realty, EPR Properties, sells AvalonBay Communities Inc, SL Green Realty Corp, BTC iShares Convertible Bond ETF, SPDR ICE Preferred Securities ETF, iShares Treasury Floating Rate Bond ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, KCS Wealth Advisory..
Websterrogers Financial Advisors, Llc Buys AvalonBay Communities Inc, Equity Residential, Essex ..
Investment company Websterrogers Financial Advisors, Llc (Current Portfolio) buys AvalonBay Communities Inc, Equity Residential, Essex Property Trust Inc, Apartment Investment & Management Co, Vanguard Short-Term Bond ETF, sells Vanguard Real Estate Index Fund ETF, Schwab Short-Term U.S.
Analyst Issues With AIMCO
The best analysis so far of the newly spun-off company is a Seeking Alpha article, “Sum of Its Parts: Analysis of Aimco’s Proposed Split.” The author questions why management even decided to split apart the two types of REITs. He implies that it might be to revamp the track record.
What to Do With AIV Stock
The spinoff was a taxable event for taxable accounts that held the AIV shares before the spinoff. This is not a good situation for them since they now still have a discount to NAV on a combined basis, plus they owe taxes for the spinoff. That has likely led to selling pressure on both stocks.
