Anson Funds Management LP Purchases New Position in Apartment Investment and Management Company $AIV

Key Points

• Anson Funds Management LP has acquired 293,402 shares of Apartment Investment and Management Company, valued at approximately $2.58 million, giving them a 0.21% ownership in the company.
• Several other institutional investors, including Rush Island Management LP, have significantly increased their positions, indicating strong interest in the real estate investment trust.
• Analysts have mixed opinions on the stock, with Wolfe Research upgrading its rating to "outperform" and setting a target price of $10.00, while others have downgraded it to "sell".

Anson Funds Management LP purchased a new stake in Apartment Investment and Management Company (NYSE:AIV - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 293,402 shares of the real estate investment trust's stock, valued at approximately $2,582,000. Anson Funds Management LP owned 0.21% of Apartment Investment and Management at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AIV. Vanguard Group Inc. lifted its position in Apartment Investment and Management by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 19,340,629 shares of the real estate investment trust's stock valued at $170,198,000 after purchasing an additional 212,813 shares during the period. Millennium Management LLC raised its position in shares of Apartment Investment and Management by 14.0% in the 4th quarter. Millennium Management LLC now owns 7,145,287 shares of the real estate investment trust's stock valued at $64,951,000 after acquiring an additional 877,954 shares during the period. Rush Island Management LP raised its position in shares of Apartment Investment and Management by 156.7% in the 4th quarter. Rush Island Management LP now owns 4,543,774 shares of the real estate investment trust's stock valued at $41,303,000 after acquiring an additional 2,773,984 shares during the period. Irenic Capital Management LP raised its position in shares of Apartment Investment and Management by 0.5% in the 4th quarter. Irenic Capital Management LP now owns 3,812,595 shares of the real estate investment trust's stock valued at $34,656,000 after acquiring an additional 19,577 shares during the period. Finally, Land & Buildings Investment Management LLC raised its position in shares of Apartment Investment and Management by 77.2% in 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 acquiring an additional 1,338,921 shares during the period. Institutional investors own 83.26% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AIV shares. Wall Street Zen cut shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Wolfe Research raised 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 report on Monday, August 4th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $10.00.

Apartment Investment and Management Stock Down 0.1%

Shares of NYSE AIV traded down $0.01 during mid-day trading on Friday, hitting $7.84. 245,814 shares of the stock traded hands, compared to its average volume of 1,120,218. 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 52 week low of $6.89 and a 52 week high of $9.48. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -16.32 and a beta of 1.39. The stock has a fifty day moving average price of $8.37 and a 200-day moving average price of $8.33.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the firm posted ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Research analysts anticipate that Apartment Investment and Management Company will post -0.8 EPS for the current year.

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.