Apartment Investment and Management Company $AIV Shares Sold by Meros Investment Management LP

Key Points

• Meros Investment Management LP reduced its stake in Apartment Investment and Management Company (NYSE:AIV) by 19.6%, now holding 525,416 shares valued at approximately $4.62 million.
• Despite this reduction, other institutional investors, including Wells Fargo and Renaissance Technologies, have increased their holdings, indicating ongoing interest in AIV.
• Apartment Investment and Management reported a loss of ($0.14) EPS, missing analysts' estimates, with anticipated earnings of -0.8 EPS for the current year.

Meros Investment Management LP lowered its stake in shares of Apartment Investment and Management Company (NYSE:AIV - Free Report) by 19.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 525,416 shares of the real estate investment trust's stock after selling 127,891 shares during the quarter. Apartment Investment and Management makes up approximately 2.7% of Meros Investment Management LP's portfolio, making the stock its 15th largest holding. Meros Investment Management LP owned about 0.37% of Apartment Investment and Management worth $4,624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Apartment Investment and Management by 1.1% in the first quarter. Vanguard Group Inc. now owns 19,340,629 shares of the real estate investment trust's stock worth $170,198,000 after buying an additional 212,813 shares during the period. Millennium Management LLC increased its stake in shares of Apartment Investment and Management by 14.0% in 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 buying an additional 877,954 shares during the period. Rush Island Management LP increased its stake in shares of Apartment Investment and Management by 156.7% in the fourth quarter. Rush Island Management LP now owns 4,543,774 shares of the real estate investment trust's stock worth $41,303,000 after buying an additional 2,773,984 shares during the period. Irenic Capital Management LP increased its stake in shares of Apartment Investment and Management by 0.5% in the fourth quarter. Irenic Capital Management LP now owns 3,812,595 shares of the real estate investment trust's stock worth $34,656,000 after buying an additional 19,577 shares during the period. Finally, Land & Buildings Investment Management LLC boosted its holdings in Apartment Investment and Management by 77.2% in the fourth quarter. Land & Buildings Investment Management LLC now owns 3,074,160 shares of the real estate investment trust's stock valued at $27,944,000 after acquiring an additional 1,338,921 shares in the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Stock Performance

Shares of NYSE:AIV traded up $0.0150 during mid-day trading on Thursday, reaching $7.6750. 518,650 shares of the company traded hands, compared to its average volume of 1,104,208. The company's 50 day moving average price is $8.45 and its 200-day moving average price is $8.38. The firm has a market cap of $1.09 billion, a PE ratio of -15.99 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 52 week low of $6.89 and a 52 week high of $9.48.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued 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). Apartment Investment and Management had a negative return on equity of 34.47% and a negative net margin of 30.59%.The firm had revenue of $52.76 million for the quarter, compared to analysts' expectations of $54.62 million. During the same period last year, the company earned ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. On average, equities analysts expect that Apartment Investment and Management Company will post -0.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts 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 target on the stock in a 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 report on Friday, May 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target 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.