Apartment Investment and Management Target of Unusually Large Options Trading (NYSE:AIV)

Key Points

• Apartment Investment and Management Company (NYSE:AIV) experienced a significant increase in options trading, with investors purchasing 14,200 call options, marking a 2,780% increase compared to its average trading volume.
• Wolfe Research upgraded AIV's rating from "peer perform" to "outperform" with a target price of $10.00, while Wall Street Zen downgraded the stock from "hold" to "sell."
• The company reported a quarterly loss with an earnings per share of (-$0.10), slightly better than analysts’ expectations of (-$0.12), alongside a revenue of $52.35 million against projections of $53.64 million.

Apartment Investment and Management Company (NYSE:AIV - Get Free Report) saw some unusual options trading on Wednesday. Investors purchased 14,200 call options on the company. Thisrepresentsanincreaseofapproximately2,780% compared to the average volume of 493 call options.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AIV shares. Wolfe Research upgraded shares of Apartment Investment and Management from a "peer perform" rating to an "outperform" rating and set a $10.00 target price for the company in a report on Monday. Wall Street Zen downgraded Apartment Investment and Management from a "hold" rating to a "sell" rating in a report on Friday, May 30th.

Apartment Investment and Management Stock Performance

Apartment Investment and Management stock traded up $0.08 during trading on Wednesday, reaching $8.76. The company had a trading volume of 398,037 shares, compared to its average volume of 994,914. The firm's 50-day simple moving average is $8.51 and its 200 day simple moving average is $8.46. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -11.37 and a beta of 1.39. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 6.94. Apartment Investment and Management has a 52 week low of $6.89 and a 52 week high of $9.48.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. Apartment Investment and Management had a negative net margin of 50.37% and a negative return on equity of 45.41%. The business had revenue of $52.35 million during the quarter, compared to analyst estimates of $53.64 million. Sell-side analysts forecast that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Apartment Investment and Management

Large investors have recently added to or reduced their stakes in the stock. Rush Island Management LP boosted its stake in Apartment Investment and Management by 156.7% during the fourth quarter. Rush Island Management LP now owns 4,543,774 shares of the real estate investment trust's stock worth $41,303,000 after buying an additional 2,773,984 shares during the period. Argosy Lionbridge Management LLC bought a new stake in shares of Apartment Investment and Management during the fourth quarter valued at approximately $21,226,000. Aew Capital Management L P bought a new position in Apartment Investment and Management in the first quarter worth approximately $17,491,000. Landmark Investment Partners L.P. purchased a new position in Apartment Investment and Management during the 4th quarter worth $12,447,000. Finally, Land & Buildings Investment Management LLC raised its position in Apartment Investment and Management by 77.2% during the 4th quarter. Land & Buildings Investment Management LLC now owns 3,074,160 shares of the real estate investment trust's stock valued at $27,944,000 after purchasing an additional 1,338,921 shares in the last quarter. 83.26% of the stock is owned by institutional investors.

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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