Quantbot Technologies LP Reduces Stock Holdings in Apartment Investment and Management Company $AIV

Key Points

• Quantbot Technologies LP has reduced its holdings in Apartment Investment and Management Company by 59.0%, now owning 36,206 shares valued at $319,000.
• Equities analysts have mixed ratings for the company, with Wolfe Research upgrading it to an "outperform" rating and a target price of $10.00, while Wall Street Zen downgraded it to a "sell" rating.
• Apartment Investment and Management reported a loss of ($0.14) EPS for the quarter, missing analysts' estimates, with a revenue of $52.76 million compared to the anticipated $54.62 million.

Quantbot Technologies LP lowered its position in Apartment Investment and Management Company (NYSE:AIV - Free Report) by 59.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,206 shares of the real estate investment trust's stock after selling 52,055 shares during the quarter. Quantbot Technologies LP's holdings in Apartment Investment and Management were worth $319,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AIV. Wells Fargo & Company MN boosted its stake in shares of Apartment Investment and Management by 33.1% during the fourth quarter. Wells Fargo & Company MN now owns 73,942 shares of the real estate investment trust's stock valued at $672,000 after acquiring an additional 18,399 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Apartment Investment and Management during the fourth quarter valued at $684,000. First Trust Advisors LP boosted its stake in shares of Apartment Investment and Management by 16.4% during the fourth quarter. First Trust Advisors LP now owns 292,277 shares of the real estate investment trust's stock valued at $2,657,000 after acquiring an additional 41,203 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Apartment Investment and Management by 10.6% during the fourth quarter. MetLife Investment Management LLC now owns 87,023 shares of the real estate investment trust's stock valued at $791,000 after acquiring an additional 8,369 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Apartment Investment and Management by 73.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 33,585 shares of the real estate investment trust's stock valued at $305,000 after acquiring an additional 14,204 shares during the last quarter. Institutional investors and hedge funds own 83.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AIV shares. Wall Street Zen lowered Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Wolfe Research raised 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 research note on Monday, August 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus 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 during midday trading on Monday, hitting $7.83. The stock had a trading volume of 903,000 shares, compared to its average volume of 2,006,922. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -16.31 and a beta of 1.46. 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 company has a fifty day moving average price of $8.36 and a 200 day moving average price of $8.32.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $52.76 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. On average, analysts predict that Apartment Investment and Management Company will post -0.8 earnings per share 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.