Nuveen LLC Acquires Shares of 575,806 Apartment Investment and Management Company $AIV

Key Points

• Nuveen LLC acquired a new stake in Apartment Investment and Management Company, purchasing 575,806 shares valued at approximately $5,067,000, representing 0.41% ownership.
• The company's stock has increased by 0.6%, currently priced at $7.79, with a market capitalization of $1.11 billion and a negative earnings per share of (0.14) for the last quarter.
• Analysts have mixed views on the stock, with Wolfe Research upgrading it to "outperform" with a price target of $10.00, while Wall Street Zen downgraded it to a "sell" rating.

Nuveen LLC purchased a new position in Apartment Investment and Management Company (NYSE:AIV - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 575,806 shares of the real estate investment trust's stock, valued at approximately $5,067,000. Nuveen LLC owned about 0.41% of Apartment Investment and Management at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new position in shares of Apartment Investment and Management during the 4th quarter valued at $77,000. GAMMA Investing LLC raised its position 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 worth $80,000 after purchasing an additional 8,281 shares during the period. Covestor Ltd raised its position 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 worth $83,000 after purchasing an additional 6,870 shares during the period. New Age Alpha Advisors LLC purchased a new position in Apartment Investment and Management in the 1st quarter worth $85,000. Finally, Principal Financial Group Inc. bought a new stake in Apartment Investment and Management in the 1st quarter worth $89,000. Institutional investors own 83.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. 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. Wolfe Research upgraded 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 report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, According to 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 Trading Down 0.1%

Shares of NYSE:AIV traded down $0.01 on Friday, hitting $7.83. The company had a trading volume of 903,000 shares, compared to its average volume of 2,008,411. The firm's 50-day simple moving average is $8.36 and its two-hundred day simple moving average is $8.32. Apartment Investment and Management Company has a 1 year low of $6.89 and a 1 year 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 firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -16.31 and a beta of 1.39.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its earnings results 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 analysts' expectations of $54.62 million. During the same period in the prior year, the business posted ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Equities analysts anticipate that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

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.