Apartment Investment and Management's (AIV) "Sell (D+)" Rating Reiterated at Weiss Ratings

Key Points

• Apartment Investment and Management (AIV) has had its stock rating restated as "sell (D+)" by Weiss Ratings, while Wolfe Research upgraded it from "peer perform" to "outperform" with a $10.00 target price.
• The company's stock traded down 0.5% to $7.62, with a market capitalization of $1.08 billion and a PE ratio of -15.86.
• In its latest quarterly earnings report, Apartment Investment and Management missed earnings expectations, reporting a loss of ($0.14) per share against a consensus estimate of ($0.11).

Apartment Investment and Management (NYSE:AIV - Get Free Report)'s stock had its "sell (d+)" rating restated by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wolfe Research raised shares of Apartment Investment and Management from a "peer perform" rating to an "outperform" rating and set a $10.00 target price on the stock in a research note on Monday, August 4th. One investment 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 has a consensus rating of "Hold" and an average price target of $10.00.

Apartment Investment and Management Stock Down 0.5%

NYSE AIV traded down $0.04 during trading hours on Wednesday, reaching $7.62. 276,629 shares of the company's stock traded hands, compared to its average volume of 1,254,095. The company has a debt-to-equity ratio of 8.06, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $1.08 billion, a PE ratio of -15.86 and a beta of 1.45. Apartment Investment and Management has a 52-week low of $6.89 and a 52-week high of $9.29. The firm has a 50-day simple moving average of $7.86 and a 200 day simple moving average of $8.11.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The company had revenue of $52.76 million for 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 period in the previous year, the firm earned ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Sell-side analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Institutional Investors Weigh In On Apartment Investment and Management

A number of hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new position in shares of Apartment Investment and Management in the 2nd quarter valued at $59,000. GAMMA Investing LLC raised its position in shares of Apartment Investment and Management by 980.0% in the first quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust's stock valued at $80,000 after buying an additional 8,281 shares during the last quarter. Covestor Ltd increased its position in Apartment Investment and Management by 276.5% during the first quarter. Covestor Ltd now owns 9,355 shares of the real estate investment trust's stock worth $83,000 after purchasing an additional 6,870 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Apartment Investment and Management in the first quarter worth $85,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Apartment Investment and Management in the first quarter worth $89,000. 83.26% of the stock is currently owned by institutional investors and hedge funds.

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.

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