Caxton Associates LLP Purchases Shares of 39,229 Apartment Investment and Management Company $AIV

Key Points

• Caxton Associates LLP has purchased 39,229 shares of Apartment Investment and Management Company (NYSE:AIV) valued at approximately $345,000 during the first quarter.
• Rush Island Management LP significantly increased its holdings in AIV by 156.7%, now owning over 4.5 million shares worth approximately $41.3 million.
• Analysts have shown mixed sentiments, with Wolfe Research upgrading AIV to an "outperform" rating while others downgraded it to a "sell," and the average price target currently stands at $10.00.

Caxton Associates LLP bought a new stake in shares of Apartment Investment and Management Company (NYSE:AIV - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 39,229 shares of the real estate investment trust's stock, valued at approximately $345,000.

Other large investors also recently added to or reduced their stakes in the company. Aberdeen Group plc increased its stake in shares of Apartment Investment and Management by 3.6% in the first quarter. Aberdeen Group plc now owns 38,912 shares of the real estate investment trust's stock worth $342,000 after acquiring an additional 1,351 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Apartment Investment and Management by 4.1% in the first quarter. Arizona State Retirement System now owns 38,495 shares of the real estate investment trust's stock worth $339,000 after acquiring an additional 1,507 shares during the last quarter. Invesco Ltd. increased its stake in shares of Apartment Investment and Management by 0.7% in the first quarter. Invesco Ltd. now owns 278,369 shares of the real estate investment trust's stock worth $2,450,000 after acquiring an additional 1,984 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Apartment Investment and Management by 5.4% in the first quarter. Envestnet Asset Management Inc. now owns 52,544 shares of the real estate investment trust's stock worth $462,000 after acquiring an additional 2,681 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Apartment Investment and Management by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,692 shares of the real estate investment trust's stock worth $728,000 after acquiring an additional 3,635 shares during the last quarter. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Up 1.4%

NYSE:AIV traded up $0.11 during trading hours on Thursday, reaching $7.91. The company's stock had a trading volume of 3,658,664 shares, compared to its average volume of 1,588,743. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -16.48 and a beta of 1.46. Apartment Investment and Management Company has a one year low of $6.89 and a one year high of $9.41. The business's 50-day moving average is $8.09 and its 200-day moving average is $8.21. The company has a debt-to-equity ratio of 8.06, a current ratio of 1.25 and a quick ratio of 1.25.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued 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). 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 during the quarter, compared to the consensus estimate of $54.62 million. During the same quarter in the prior year, the company posted ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Equities research analysts predict that Apartment Investment and Management Company will post -0.8 EPS for the current year.

Apartment Investment and Management Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $2.23 per share. The ex-dividend date is Thursday, October 16th.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on AIV shares. Wall Street Zen downgraded 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 shares of Apartment Investment and Management from a "peer perform" rating to an "outperform" rating and set a $10.00 price target on the stock in a research note on Monday, August 4th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Apartment Investment and Management has a consensus rating of "Buy" and a consensus price target of $10.00.

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.