Uniplan Investment Counsel Inc. Cuts Stock Position in Apartment Investment and Management Company $AIV

Key Points

• Uniplan Investment Counsel Inc. reduced its stake in Apartment Investment and Management Company by 6.8%, bringing its ownership to 877,861 shares valued at approximately $7.73 million.
• Apartment Investment and Management reported a quarterly loss of ($0.14) earnings per share, missing analysts' expectations and setting FY 2025 guidance between 5.200-5.400 EPS.
• The stock currently has a consensus rating of "Buy" with brokerages targeting a price of $10.00, highlighting mixed sentiments from different analysts.

Uniplan Investment Counsel Inc. lowered its stake in shares of Apartment Investment and Management Company (NYSE:AIV - Free Report) by 6.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 877,861 shares of the real estate investment trust's stock after selling 64,390 shares during the period. Uniplan Investment Counsel Inc. owned about 0.62% of Apartment Investment and Management worth $7,725,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in Apartment Investment and Management during the 4th quarter valued at about $77,000. GAMMA Investing LLC grew its stake in 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 valued at $80,000 after acquiring an additional 8,281 shares in the last quarter. Covestor Ltd grew its stake in Apartment Investment and Management by 276.5% during the 1st quarter. Covestor Ltd now owns 9,355 shares of the real estate investment trust's stock valued at $83,000 after acquiring an additional 6,870 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Apartment Investment and Management during the 1st quarter valued at about $85,000. Finally, Principal Financial Group Inc. purchased a new stake in Apartment Investment and Management during the 1st quarter valued at about $89,000. Hedge funds and other institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Trading Down 0.8%

Shares of AIV traded down $0.06 during trading on Friday, reaching $7.53. 388,029 shares of the company traded hands, compared to its average volume of 1,125,322. The stock has a 50-day simple moving average of $8.19 and a 200-day simple moving average of $8.25. The stock has a market cap of $1.07 billion, a PE ratio of -15.72 and a beta of 1.46. Apartment Investment and Management Company has a twelve month low of $6.89 and a twelve month high of $9.41. 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 (NYSE:AIV - Get Free Report) last posted its quarterly earnings data 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 return on equity of 34.47% and a negative net margin of 30.59%.The company had revenue of $52.76 million for the quarter, compared to analysts' expectations of $54.62 million. During the same period in the previous year, the business posted ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. On average, analysts anticipate that Apartment Investment and Management Company will post -0.8 earnings per share for the current year.

Analysts Set New Price Targets

AIV has been the subject of several research reports. Wall Street Zen cut shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Wolfe Research raised shares of 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 research note on Monday, August 4th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average 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.