Aew Capital Management L P Invests $17.49 Million in Apartment Investment and Management Company $AIV

Key Points

• Aew Capital Management L P has acquired 1,987,570 shares of Apartment Investment and Management Company (NYSE:AIV), valued at approximately $17.49 million, representing a 1.40% ownership stake by the end of the reporting period.
• Apartment Investment and Management has recently faced analyst rating changes, with Wall Street Zen downgrading the stock from a "hold" to a "sell" while Wolfe Research upgraded it to "outperform" with a $10 price target.
• The company's latest quarterly earnings reported a loss of ($0.14) EPS, falling short of the consensus estimate, and set a FY 2025 guidance of 5.200-5.400 EPS.

Aew Capital Management L P bought a new position in shares of Apartment Investment and Management Company (NYSE:AIV - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,987,570 shares of the real estate investment trust's stock, valued at approximately $17,491,000. Aew Capital Management L P owned approximately 1.40% of Apartment Investment and Management as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in Apartment Investment and Management during the fourth quarter worth about $77,000. GAMMA Investing LLC grew its position in Apartment Investment and Management by 980.0% during the first quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust's stock worth $80,000 after buying an additional 8,281 shares in the last quarter. Covestor Ltd grew 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 buying an additional 6,870 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Apartment Investment and Management during the first quarter worth about $85,000. Finally, Principal Financial Group Inc. acquired a new stake in Apartment Investment and Management during the first quarter worth about $89,000. 83.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AIV shares. 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. Wall Street Zen downgraded Apartment Investment and Management from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $10.00.

Apartment Investment and Management Price Performance

Shares of AIV traded down $0.13 on Thursday, hitting $7.77. The company's stock had a trading volume of 278,262 shares, compared to its average volume of 1,122,132. The company has a market capitalization of $1.11 billion, a PE ratio of -16.18 and a beta of 1.39. 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 Company has a fifty-two week low of $6.89 and a fifty-two week high of $9.48. The company has a 50 day moving average price of $8.39 and a 200 day moving average price of $8.34.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The business had revenue of $52.76 million during the quarter, compared to analyst estimates of $54.62 million. Apartment Investment and Management had a negative return on equity of 34.47% and a negative net margin of 30.59%.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. On average, research analysts anticipate that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

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.