T. Rowe Price Investment Management Inc. Decreases Stock Holdings in Apartment Investment and Management Company $AIV

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Apartment Investment and Management Company by 4.3%, now holding approximately 1.95% of the company.
• The real estate investment trust posted a loss of ($0.14) EPS for the recent quarter, missing analysts' estimates and indicating a negative net margin of 30.59%.
• Apartment Investment and Management has a consensus rating of "Buy" with a target price of $10.00, despite a downgrade to "sell" from some analysts.

T. Rowe Price Investment Management Inc. cut its stake in Apartment Investment and Management Company (NYSE:AIV - Free Report) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,764,768 shares of the real estate investment trust's stock after selling 122,821 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.95% of Apartment Investment and Management worth $24,330,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIV. Point72 Asset Management L.P. acquired a new position in Apartment Investment and Management in the 4th quarter valued at $77,000. GAMMA Investing LLC raised its holdings in shares of Apartment Investment and Management by 980.0% during the 1st 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 raised its holdings in shares of Apartment Investment and Management by 276.5% during the 1st 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 position in shares of Apartment Investment and Management during the 1st quarter worth $85,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Apartment Investment and Management during the 1st quarter worth $89,000. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Up 0.1%

Shares of AIV stock traded up $0.01 during trading hours on Friday, reaching $7.85. The company had a trading volume of 151,836 shares, compared to its average volume of 1,119,535. 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 debt-to-equity ratio of 8.06, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day simple moving average of $8.37 and a 200-day simple moving average of $8.33. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -16.34 and a beta of 1.39.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03). The company had revenue of $52.76 million during the quarter, compared to the consensus estimate 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 in the prior year, the business earned ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. On average, research analysts expect that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

AIV has been the subject of a number of recent research reports. Wall Street Zen cut Apartment Investment and Management from a "hold" rating to a "sell" rating in a report 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 target on the stock in a research report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Apartment Investment and Management 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.