Northern Trust Corp Sells 33,260 Shares of Apartment Investment and Management Company $AIV

Key Points

• Northern Trust Corp reduced its stake in Apartment Investment and Management Company (AIV) by 2.1%, selling 33,260 shares and holding approximately 1.07% of the company worth $13.4 million.
• Analysts' ratings for AIV have varied, with Wolfe Research upgrading the stock to an "outperform" rating and setting a price target of $10, while Wall Street Zen downgraded it from "hold" to "sell."
• Apart from the earnings miss, AIV reported a revenue of $52.76 million, trailing the consensus estimate, and set FY 2025 guidance at 5.200-5.400 EPS.

Northern Trust Corp lessened its stake in Apartment Investment and Management Company (NYSE:AIV - Free Report) by 2.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,522,926 shares of the real estate investment trust's stock after selling 33,260 shares during the period. Northern Trust Corp owned 1.07% of Apartment Investment and Management worth $13,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in Apartment Investment and Management during the fourth quarter worth about $77,000. GAMMA Investing LLC increased its stake in shares of Apartment Investment and Management by 980.0% during the 1st quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust's stock worth $80,000 after purchasing an additional 8,281 shares in the last quarter. Covestor Ltd boosted its position in Apartment Investment and Management by 276.5% during the first quarter. Covestor Ltd now owns 9,355 shares of the real estate investment trust's stock worth $83,000 after acquiring an additional 6,870 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in Apartment Investment and Management during the first quarter worth approximately $85,000. Finally, Principal Financial Group Inc. acquired a new stake in Apartment Investment and Management during the first quarter worth approximately $89,000. Institutional investors and hedge funds own 83.26% of the company's stock.

Apartment Investment and Management Stock Up 0.7%

Shares of AIV traded up $0.05 during midday trading on Friday, hitting $7.84. The company had a trading volume of 1,193,327 shares, compared to its average volume of 1,876,312. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -16.34 and a beta of 1.46. The company's 50 day moving average price is $8.28 and its 200 day moving average price is $8.29. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 8.06. Apartment Investment and Management Company has a 52 week low of $6.89 and a 52 week high of $9.41.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $52.76 million during the quarter, compared to the consensus estimate of $54.62 million. During the same quarter last year, the firm posted ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. On average, equities research analysts predict that Apartment Investment and Management Company will post -0.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have 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 downgraded 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, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price 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.