Alpha Wave Global LP Invests $1.57 Million in Apartment Investment and Management Company $AIV

Key Points

• Alpha Wave Global LP acquired 178,016 shares of Apartment Investment and Management Company ($AIV), valued at approximately $1.57 million, making it the firm's 15th largest holding.
• AIV reported an EPS of (0.14), missing estimates, with a twelve-month revenue of $52.76 million, compared to a projected $54.62 million.
• Analysts have mixed ratings on AIV, with one analyst issuing a "Buy" recommendation and a $10.00 target price following a downgrade from "hold" to "sell" by another firm.

Alpha Wave Global LP purchased 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 Securities and Exchange Commission. The institutional investor purchased 178,016 shares of the real estate investment trust's stock, valued at approximately $1,567,000. Apartment Investment and Management makes up approximately 0.7% of Alpha Wave Global LP's portfolio, making the stock its 15th largest holding. Alpha Wave Global LP owned about 0.13% of Apartment Investment and Management at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Worth Venture Partners LLC acquired a new stake in shares of Apartment Investment and Management during the 1st quarter valued at approximately $243,000. Anson Funds Management LP acquired a new stake in shares of Apartment Investment and Management during the 1st quarter valued at approximately $2,582,000. Jump Financial LLC acquired a new stake in shares of Apartment Investment and Management during the 1st quarter valued at approximately $196,000. Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of Apartment Investment and Management during the 1st quarter valued at approximately $625,000. Finally, Aew Capital Management L P acquired a new stake in shares of Apartment Investment and Management during the 1st quarter valued at approximately $17,491,000. 83.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AIV shares. Wall Street Zen downgraded Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Wolfe Research upgraded Apartment Investment and Management from a "peer perform" rating to an "outperform" rating and set a $10.00 price objective for the company in a research note on Monday, August 4th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $10.00.

Apartment Investment and Management Stock Performance

Shares of NYSE:AIV traded down $0.01 on Friday, hitting $7.83. The company's stock had a trading volume of 903,000 shares, compared to its average volume of 2,008,411. Apartment Investment and Management Company has a 12 month low of $6.89 and a 12 month high of $9.48. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -16.31 and a beta of 1.39. The stock's 50-day moving average is $8.36 and its two-hundred day moving average is $8.32. 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 (NYSE:AIV - Get Free Report) last released its quarterly earnings results 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 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 period in the previous year, the company posted ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. On average, equities research analysts forecast 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.