Price T Rowe Associates Inc. MD Sells 163,228 Shares of Apartment Investment and Management Company $AIV

Key Points

• Price T Rowe Associates Inc. MD reduced its stake in Apartment Investment and Management Company by 0.9%, selling 163,228 shares to hold approximately 12.28% of the company valued at $153.4 million.
• Several institutional investors have increased their holdings in Apartment Investment and Management, including Corton Capital Inc. with a 6.6% increase and Aberdeen Group plc with a 3.6% increase in the first quarter.
• A recent earnings report revealed that Apartment Investment and Management missed consensus estimates by reporting ($0.14) EPS against an expectation of ($0.11) EPS, and it has set its FY 2025 guidance at 5.200-5.400 EPS.

Price T Rowe Associates Inc. MD cut its position in Apartment Investment and Management Company (NYSE:AIV - Free Report) by 0.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 17,431,691 shares of the real estate investment trust's stock after selling 163,228 shares during the period. Price T Rowe Associates Inc. MD owned approximately 12.28% of Apartment Investment and Management worth $153,400,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Corton Capital Inc. increased its position in shares of Apartment Investment and Management by 6.6% during the fourth quarter. Corton Capital Inc. now owns 18,140 shares of the real estate investment trust's stock valued at $165,000 after acquiring an additional 1,131 shares in the last quarter. Aberdeen Group plc lifted its position in Apartment Investment and Management by 3.6% in the 1st quarter. Aberdeen Group plc now owns 38,912 shares of the real estate investment trust's stock valued at $342,000 after acquiring an additional 1,351 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Apartment Investment and Management by 0.9% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 161,046 shares of the real estate investment trust's stock valued at $1,462,000 after purchasing an additional 1,496 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Apartment Investment and Management by 4.1% in the 1st quarter. Arizona State Retirement System now owns 38,495 shares of the real estate investment trust's stock worth $339,000 after purchasing an additional 1,507 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Apartment Investment and Management by 0.7% in the 1st quarter. Invesco Ltd. now owns 278,369 shares of the real estate investment trust's stock worth $2,450,000 after purchasing an additional 1,984 shares in the last quarter. Institutional investors own 83.26% of the company's stock.

Wall Street Analysts Forecast Growth

AIV has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Wolfe Research upgraded shares of 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. One analyst has rated the stock with a Buy rating, According to MarketBeat, Apartment Investment and Management has a consensus rating of "Buy" and a consensus target price of $10.00.

Apartment Investment and Management Trading Up 1.5%

NYSE:AIV opened at $7.7550 on Monday. Apartment Investment and Management Company has a one year low of $6.89 and a one year high of $9.48. The business has a fifty day moving average price of $8.43 and a 200-day moving average price of $8.36. The firm has a market capitalization of $1.10 billion, a price-to-earnings 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 (NYSE:AIV - Get Free Report) last released its earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The company had revenue of $52.76 million for the quarter, compared to analysts' expectations of $54.62 million. Apartment Investment and Management had a negative net margin of 30.59% and a negative return on equity of 34.47%. 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. Sell-side analysts forecast that Apartment Investment and Management Company will post -0.8 EPS for the current year.

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.

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