Northern Trust Corp Cuts Stake in 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 reduced its holdings in shares of Apartment Investment and Management Company (NYSE:AIV - Free Report) by 2.1% during the first quarter, according to the company in its most recent disclosure 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 quarter. 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).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AIV. Point72 Asset Management L.P. bought a new position in shares of Apartment Investment and Management during the fourth quarter valued at $77,000. GAMMA Investing LLC lifted its holdings in shares of Apartment Investment and Management by 980.0% during the first quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust's stock valued at $80,000 after purchasing an additional 8,281 shares in the last quarter. Covestor Ltd lifted its holdings in shares of 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 valued at $83,000 after purchasing an additional 6,870 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Apartment Investment and Management in the first quarter valued at about $85,000. Finally, Principal Financial Group Inc. bought a new position in Apartment Investment and Management in the first quarter valued at about $89,000. 83.26% of the stock is owned by institutional investors.

Apartment Investment and Management Stock Performance

Shares of NYSE AIV traded up $0.01 during trading on Tuesday, hitting $7.72. The company had a trading volume of 214,878 shares, compared to its average volume of 1,119,062. The stock has a 50 day simple moving average of $8.26 and a 200 day simple moving average of $8.27. The company has a debt-to-equity ratio of 8.06, a quick ratio of 1.25 and a current ratio of 1.25. Apartment Investment and Management Company has a 12 month low of $6.89 and a 12 month high of $9.41. The firm has a market capitalization of $1.10 billion, a P/E ratio of -16.07 and a beta of 1.46.

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). Apartment Investment and Management had a negative return on equity of 34.47% and a negative net margin of 30.59%.The company had revenue of $52.76 million during the quarter, compared to the consensus estimate of $54.62 million. During the same period last year, the business earned ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. As a group, analysts anticipate that Apartment Investment and Management Company will post -0.8 earnings per share for the current year.

Analyst Ratings Changes

AIV has been the topic of a number of recent research reports. Wolfe Research raised Apartment Investment and Management from a "peer perform" rating to an "outperform" rating and set a $10.00 target price on the stock in a report on Monday, August 4th. Wall Street Zen downgraded Apartment Investment and Management from a "hold" rating to a "sell" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $10.00.

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.