Aew Capital Management L P Buys Shares of 1,987,570 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 acquired a new position in shares of Apartment Investment and Management Company (NYSE:AIV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,987,570 shares of the real estate investment trust's stock, valued at approximately $17,491,000. Aew Capital Management L P owned 1.40% of Apartment Investment and Management at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AIV. Wells Fargo & Company MN boosted its position in shares of Apartment Investment and Management by 33.1% during the fourth quarter. Wells Fargo & Company MN now owns 73,942 shares of the real estate investment trust's stock worth $672,000 after buying an additional 18,399 shares during the period. Cerity Partners LLC acquired a new position in shares of Apartment Investment and Management during the fourth quarter worth about $94,000. XTX Topco Ltd acquired a new position in shares of Apartment Investment and Management during the fourth quarter worth about $220,000. Marshall Wace LLP acquired a new position in shares of Apartment Investment and Management during the fourth quarter worth about $684,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Apartment Investment and Management by 0.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 161,046 shares of the real estate investment trust's stock worth $1,462,000 after buying an additional 1,496 shares during the period. 83.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AIV has been the subject of several recent research reports. Wall Street Zen cut Apartment Investment and Management from a "hold" rating to a "sell" rating in a research report 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 price target for the company in a research report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock 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 stock has a 50 day moving average price of $8.43 and a 200 day moving average price of $8.36. 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 debt-to-equity ratio of 8.06, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $1.10 billion, a PE ratio of -16.16 and a beta of 1.39.

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 (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Apartment Investment and Management had a negative net margin of 30.59% and a negative return on equity of 34.47%. 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 earned ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Analysts predict that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal 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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