Cbre Investment Management Listed Real Assets LLC Makes New $625,000 Investment in Apartment Investment and Management Company $AIV

Key Points

• Cbre Investment Management Listed Real Assets LLC has acquired a new stake in Apartment Investment and Management Company (NYSE:AIV), purchasing 71,016 shares valued at approximately $625,000.
• AIV stock recently rose by 1.5% and has a twelve month range between $6.89 and $9.48, with a market cap of $1.10 billion.
• Analysts have mixed ratings for AIV, with Wolfe Research upgrading it to "outperform" with a price target of $10.00, while another firm downgraded it from "hold" to "sell."

Cbre Investment Management Listed Real Assets LLC purchased a new position in Apartment Investment and Management Company (NYSE:AIV - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 71,016 shares of the real estate investment trust's stock, valued at approximately $625,000. Cbre Investment Management Listed Real Assets LLC owned approximately 0.05% of Apartment Investment and Management at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Corton Capital Inc. increased its stake in shares of Apartment Investment and Management by 6.6% during the fourth quarter. Corton Capital Inc. now owns 18,140 shares of the real estate investment trust's stock valued at $165,000 after purchasing an additional 1,131 shares in the last quarter. Aberdeen Group plc lifted its holdings in shares of Apartment Investment and Management by 3.6% during the first quarter. Aberdeen Group plc now owns 38,912 shares of the real estate investment trust's stock valued at $342,000 after purchasing an additional 1,351 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Apartment Investment and Management by 0.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 161,046 shares of the real estate investment trust's stock valued at $1,462,000 after purchasing an additional 1,496 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Apartment Investment and Management by 4.1% during the first quarter. Arizona State Retirement System now owns 38,495 shares of the real estate investment trust's stock valued at $339,000 after purchasing an additional 1,507 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Apartment Investment and Management by 0.7% during the first quarter. Invesco Ltd. now owns 278,369 shares of the real estate investment trust's stock valued at $2,450,000 after purchasing an additional 1,984 shares during the last quarter. 83.26% of the stock is owned by institutional investors.

Apartment Investment and Management Stock Up 0.6%

AIV stock 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. 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 current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 8.06. The stock's 50-day simple moving average is $8.40 and its 200 day simple moving average is $8.34.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued its 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 company had revenue of $52.76 million during the quarter, compared to analysts' expectations of $54.62 million. During the same quarter in the prior year, the business posted ($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 Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a report on Friday, May 30th. Wolfe Research upgraded shares of Apartment Investment and Management from a "peer perform" rating to an "outperform" rating and set a $10.00 target price for the company in a report on Monday, August 4th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Apartment Investment and Management has a consensus rating of "Buy" and an average price target of $10.00.

Apartment Investment and Management Company 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.