293,402 Shares in Apartment Investment and Management Company $AIV Bought by Anson Funds Management LP

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 bought a new position in Apartment Investment and Management Company (NYSE:AIV - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 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.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rush Island Management LP lifted its position in shares of Apartment Investment and Management by 156.7% during the 4th quarter. Rush Island Management LP now owns 4,543,774 shares of the real estate investment trust's stock worth $41,303,000 after purchasing an additional 2,773,984 shares during the last quarter. Aew Capital Management L P bought a new position in Apartment Investment and Management in the 1st quarter worth approximately $17,491,000. Landmark Investment Partners L.P. acquired a new position in shares of Apartment Investment and Management during the fourth quarter worth approximately $12,447,000. Land & Buildings Investment Management LLC boosted its position in shares of Apartment Investment and Management by 77.2% in the fourth 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. Finally, Millennium Management LLC boosted its position in shares of Apartment Investment and Management by 14.0% in the fourth 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. 83.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AIV has been the subject of several research analyst reports. 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 research note on Monday, August 4th. Wall Street Zen downgraded shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a report on Friday, May 30th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $10.00.

Apartment Investment and Management Stock Performance

Shares of NYSE AIV opened at $7.7550 on Friday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -16.16 and a beta of 1.39. Apartment Investment and Management Company has a one year low of $6.89 and a one year high of $9.48. The business has a fifty day simple moving average of $8.43 and a 200 day simple moving average of $8.36. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 8.06.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03). Apartment Investment and Management had a negative return on equity of 34.47% and a negative net margin of 30.59%.The business had revenue of $52.76 million for the quarter, compared to analyst estimates of $54.62 million. During the same quarter in the prior year, the firm earned ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Sell-side analysts expect that Apartment Investment and Management Company will post -0.8 EPS for the current year.

Apartment Investment and Management 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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