71,016 Shares in Apartment Investment and Management Company $AIV Acquired by Cbre Investment Management Listed Real Assets LLC

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 bought a new stake in Apartment Investment and Management Company (NYSE:AIV - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 71,016 shares of the real estate investment trust's stock, valued at approximately $625,000. Cbre Investment Management Listed Real Assets LLC owned about 0.05% of Apartment Investment and Management at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AIV. Rush Island Management LP raised its position in shares of Apartment Investment and Management by 156.7% in the 4th quarter. Rush Island Management LP now owns 4,543,774 shares of the real estate investment trust's stock valued at $41,303,000 after acquiring an additional 2,773,984 shares during the period. Aew Capital Management L P bought a new position in shares of Apartment Investment and Management in the first quarter valued at $17,491,000. Landmark Investment Partners L.P. acquired a new position in Apartment Investment and Management during the fourth quarter worth $12,447,000. Land & Buildings Investment Management LLC increased its holdings in Apartment Investment and Management by 77.2% during the fourth quarter. Land & Buildings Investment Management LLC now owns 3,074,160 shares of the real estate investment trust's stock worth $27,944,000 after buying an additional 1,338,921 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Apartment Investment and Management by 14.0% during the fourth quarter. Millennium Management LLC now owns 7,145,287 shares of the real estate investment trust's stock worth $64,951,000 after purchasing an additional 877,954 shares during the period. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Down 1.5%

Shares of AIV traded down $0.12 during trading hours on Thursday, reaching $7.78. The stock had a trading volume of 279,611 shares, compared to its average volume of 1,122,132. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -16.18 and a beta of 1.39. The firm has a 50-day simple moving average of $8.39 and a 200 day simple moving average of $8.34. 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.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced 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 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 analysts' expectations of $54.62 million. During the same period in the prior year, the business earned ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Equities research analysts predict that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wolfe Research raised 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 research report on Monday, August 4th. Wall Street Zen downgraded Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. 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 a consensus 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.