Fox Run Management L.L.C. Takes $449,000 Position in Apartment Investment and Management Company $AIV

Key Points

• Fox Run Management L.L.C. has made a new investment of $449,000 in Apartment Investment and Management Company, acquiring 51,028 shares of the real estate investment trust.
• The company reported a disappointing quarterly earnings result, with an EPS of (-$0.14), falling short of the consensus estimate of (-$0.11).
• Analysts have mixed views on the stock, with Wolfe Research upgrading it to an "outperform" rating and setting a price target of $10.00, while Wall Street Zen downgraded it to "sell."

Fox Run Management L.L.C. bought a new position in shares of Apartment Investment and Management Company (NYSE:AIV - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 51,028 shares of the real estate investment trust's stock, valued at approximately $449,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AIV. Point72 Asset Management L.P. purchased a new stake in Apartment Investment and Management in the fourth quarter valued at $77,000. GAMMA Investing LLC raised its holdings in 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 buying an additional 8,281 shares during the period. Covestor Ltd raised its holdings in 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 buying an additional 6,870 shares during the period. New Age Alpha Advisors LLC acquired a new position in Apartment Investment and Management in the first quarter valued at about $85,000. Finally, Principal Financial Group Inc. purchased a new position in Apartment Investment and Management during the first quarter worth about $89,000. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wolfe Research upgraded 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 research 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Apartment Investment and Management currently has an average rating of "Buy" and an average price target of $10.00.

Apartment Investment and Management Trading Up 1.5%

NYSE:AIV traded up $0.1150 on Friday, reaching $7.7550. 2,592,628 shares of the company's stock were exchanged, compared to its average volume of 2,030,486. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -16.16 and a beta of 1.39. Apartment Investment and Management Company has a 52-week low of $6.89 and a 52-week high of $9.48. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 8.06. The business has a fifty day moving average of $8.43 and a 200-day moving average of $8.36.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its quarterly earnings data 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 during 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 period in the previous year, the business posted ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. As a group, analysts expect 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.