Vanguard Group Inc. Increases Stock Holdings in Apartment Investment and Management Company $AIV

Key Points

• Vanguard Group Inc. increased its stake in Apartment Investment and Management Company to $170.20 million, owning 13.62% of the total shares after purchasing an additional 212,813 shares.
• Apartment Investment and Management recently reported a loss of ($0.14) earnings per share for the last quarter, falling short of analysts' expectations.
• While Wall Street Zen downgraded the stock to a "sell" rating, Wolfe Research upgraded it to "outperform" with a price target of $10.00, suggesting a mixed outlook from analysts.

Vanguard Group Inc. raised its stake in Apartment Investment and Management Company (NYSE:AIV - Free Report) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,340,629 shares of the real estate investment trust's stock after purchasing an additional 212,813 shares during the period. Vanguard Group Inc. owned about 13.62% of Apartment Investment and Management worth $170,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. New Age Alpha Advisors LLC acquired a new stake in shares of Apartment Investment and Management during the 1st quarter worth about $85,000. Natixis Advisors LLC acquired a new stake in shares of Apartment Investment and Management during the 1st quarter worth about $761,000. LPL Financial LLC acquired a new stake in shares of Apartment Investment and Management during the 1st quarter worth about $2,849,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Apartment Investment and Management by 32.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 102,781 shares of the real estate investment trust's stock worth $904,000 after acquiring an additional 25,455 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Apartment Investment and Management during the 1st quarter worth about $149,000. Institutional investors and hedge funds own 83.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered Apartment Investment and Management from a "hold" rating to a "sell" rating in a research report 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 target price on the stock in a research report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $10.00.

Apartment Investment and Management Stock Performance

AIV traded up $0.05 during trading on Tuesday, hitting $7.79. 1,762,196 shares of the stock were exchanged, compared to its average volume of 2,097,030. The firm has a market capitalization of $1.11 billion, a P/E ratio of -16.22 and a beta of 1.39. Apartment Investment and Management Company has a 1-year low of $6.89 and a 1-year high of $9.48. The stock has a fifty day moving average price of $8.40 and a two-hundred day moving average price of $8.34. 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 released its quarterly 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). The firm had revenue of $52.76 million for the quarter, compared to analyst estimates of $54.62 million. Apartment Investment and Management had a negative return on equity of 34.47% and a negative net margin of 30.59%.During the same period last year, the firm earned ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. As a group, sell-side analysts predict that Apartment Investment and Management Company will post -0.8 earnings per share for the current 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.