T. Rowe Price Investment Management Inc. Reduces Position 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. reduced its position in Apartment Investment and Management Company (NYSE:AIV - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 about 1.95% of Apartment Investment and Management worth $24,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in shares of Apartment Investment and Management in the 4th quarter valued at $77,000. GAMMA Investing LLC lifted its stake in shares of Apartment Investment and Management by 980.0% in the 1st quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust's stock valued at $80,000 after purchasing an additional 8,281 shares during the period. Covestor Ltd lifted its stake in shares of Apartment Investment and Management by 276.5% in the 1st quarter. Covestor Ltd now owns 9,355 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 6,870 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Apartment Investment and Management in the 1st quarter valued at $85,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Apartment Investment and Management in the 1st quarter valued at $89,000. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AIV shares. Wall Street Zen cut shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note 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 target for the company in a report on Monday, August 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Apartment Investment and Management presently has a consensus rating of "Buy" and an average target price of $10.00.

Apartment Investment and Management Price Performance

NYSE AIV traded up $0.05 on Tuesday, hitting $7.79. The company had a trading volume of 1,762,196 shares, compared to its average volume of 2,097,030. The company has a market capitalization of $1.11 billion, a PE ratio of -16.22 and a beta of 1.39. The company's fifty day moving average price is $8.40 and its 200-day moving average price is $8.34. The company has a debt-to-equity ratio of 8.06, a current ratio of 1.25 and a quick ratio of 1.25. Apartment Investment and Management Company has a 12-month low of $6.89 and a 12-month high of $9.48.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued its quarterly 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). Apartment Investment and Management had a negative return on equity of 34.47% and a negative net margin of 30.59%.The company had revenue of $52.76 million during the quarter, compared to analysts' expectations of $54.62 million. During the same period in the previous year, the firm posted ($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 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.