LPL Financial LLC Buys New Holdings in Apartment Investment and Management Company $AIV

Key Points

• LPL Financial LLC acquired a new position in Apartment Investment and Management Company worth approximately $2.85 million by purchasing 323,771 shares during the first quarter.
• Institutional investors now own 83.26% of Apartment Investment and Management, with Rush Island Management LP increasing its stake by 156.7% in the last quarter.
• Apartment Investment and Management reported a quarterly loss of ($0.14) EPS, missing analyst expectations, and has a current market cap of $1.12 billion.

LPL Financial LLC acquired a new position in Apartment Investment and Management Company (NYSE:AIV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 323,771 shares of the real estate investment trust's stock, valued at approximately $2,849,000. LPL Financial LLC owned about 0.23% of Apartment Investment and Management at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. acquired a new stake in shares of Apartment Investment and Management in the fourth quarter worth $77,000. GAMMA Investing LLC lifted its stake in shares of Apartment Investment and Management by 980.0% in the first 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 during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Apartment Investment and Management in the first quarter worth $89,000. Cerity Partners LLC acquired a new stake in shares of Apartment Investment and Management in the fourth quarter worth $94,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Apartment Investment and Management in the first quarter worth $149,000. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Performance

Shares of Apartment Investment and Management stock traded up $0.1150 during midday trading on Friday, hitting $7.7550. The company had a trading volume of 2,592,628 shares, compared to its average volume of 1,928,710. The business's 50 day simple moving average is $8.43 and its two-hundred day simple moving average is $8.36. The stock has a market cap of $1.10 billion, a PE ratio of -16.16 and a beta of 1.39. 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 1-year low of $6.89 and a 1-year high of $9.48.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $52.76 million during the quarter, compared to analyst estimates of $54.62 million. Apartment Investment and Management had a negative return on equity of 34.47% and a negative net margin of 30.59%.During the same quarter 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, equities analysts predict that Apartment Investment and Management Company will post -0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AIV shares. Wolfe Research upgraded shares of Apartment Investment and Management from a "peer perform" rating to an "outperform" rating and set a $10.00 price objective for the company in a research note 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 note on Friday, May 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $10.00.

About Apartment Investment and Management

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.