Anson Funds Management LP Acquires Shares of 293,402 Apartment Investment and Management Company $AIV

Key Points

• Anson Funds Management LP has acquired a new stake in Apartment Investment and Management Company, purchasing 293,402 shares valued at about $2.58 million, representing a 0.21% ownership.
• Brokerage firm Wolfe Research upgraded the company's rating from "peer perform" to "outperform" with a target price of $10.00, while the stock has a current consensus rating of "Buy."
• Apartment Investment and Management reported a loss of $0.14 EPS in its latest quarterly earnings, missing analyst expectations and indicating a negative net margin of 30.59%.

Anson Funds Management LP bought a new position in Apartment Investment and Management Company (NYSE:AIV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 293,402 shares of the real estate investment trust's stock, valued at approximately $2,582,000. Anson Funds Management LP owned about 0.21% of Apartment Investment and Management as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the company. Strs Ohio purchased a new position in Apartment Investment and Management in the first quarter worth about $227,000. Caxton Associates LLP purchased a new position in Apartment Investment and Management in the first quarter worth about $345,000. Newtyn Management LLC raised its holdings in Apartment Investment and Management by 32.4% in the first quarter. Newtyn Management LLC now owns 5,000,000 shares of the real estate investment trust's stock worth $44,000,000 after buying an additional 1,223,856 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 buying an additional 3,635 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Apartment Investment and Management by 66.3% in the first quarter. AQR Capital Management LLC now owns 27,747 shares of the real estate investment trust's stock worth $244,000 after buying an additional 11,066 shares during the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Price Performance

Shares of NYSE:AIV traded up $0.36 during midday trading on Tuesday, reaching $7.78. 3,023,653 shares of the company were exchanged, compared to its average volume of 1,143,539. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 8.06. The business's fifty day moving average is $8.14 and its two-hundred day moving average is $8.22. Apartment Investment and Management Company has a one year low of $6.89 and a one year high of $9.41. The stock has a market cap of $1.11 billion, a PE ratio of -16.24 and a beta of 1.46.

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) 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 for the quarter, compared to the consensus estimate of $54.62 million. During the same quarter last year, the business earned ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. As a group, analysts predict that Apartment Investment and Management Company will post -0.8 earnings per share for the current year.

Apartment Investment and Management Announces Dividend

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

Analyst Ratings Changes

AIV has been the subject of several recent analyst reports. Wall Street Zen cut shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a report 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 objective for the company in a report on Monday, August 4th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $10.00.

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.