Anson Funds Management LP Purchases New Stake in 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 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 filing with the Securities & Exchange Commission. The fund acquired 293,402 shares of the real estate investment trust's stock, valued at approximately $2,582,000. Anson Funds Management LP owned 0.21% of Apartment Investment and Management as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AIV. Strs Ohio acquired a new position in shares of Apartment Investment and Management during the 1st quarter valued at $227,000. Caxton Associates LLP purchased a new position in Apartment Investment and Management in the first quarter valued at about $345,000. Newtyn Management LLC raised its position 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 valued at $44,000,000 after purchasing an additional 1,223,856 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Apartment Investment and Management by 4.6% during 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 purchasing an additional 3,635 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of 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 period. Institutional investors and hedge funds own 83.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AIV. Wolfe Research upgraded 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 report on Monday, August 4th. Wall Street Zen cut shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a research report on Friday, May 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $10.00.

Apartment Investment and Management Price Performance

Shares of NYSE AIV opened at $7.49 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 8.06. Apartment Investment and Management Company has a fifty-two week low of $6.89 and a fifty-two week high of $9.41. The business has a 50 day moving average price of $8.21 and a two-hundred day moving average price of $8.26. The firm has a market cap of $1.07 billion, a PE ratio of -15.60 and a beta of 1.46.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $54.62 million. Apartment Investment and Management had a negative net margin of 30.59% and a negative return on equity of 34.47%. During the same quarter last 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. Sell-side analysts expect 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.

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