Vanguard Group Inc. Increases Stock Position 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 holdings in shares of Apartment Investment and Management Company (NYSE:AIV - Free Report) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,340,629 shares of the real estate investment trust's stock after acquiring an additional 212,813 shares during the quarter. Vanguard Group Inc. owned approximately 13.62% of Apartment Investment and Management worth $170,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Corton Capital Inc. increased its holdings in Apartment Investment and Management by 6.6% in the 4th 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 during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Apartment Investment and Management by 0.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 161,046 shares of the real estate investment trust's stock worth $1,462,000 after buying 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 buying an additional 1,507 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Apartment Investment and Management by 5.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 52,544 shares of the real estate investment trust's stock worth $462,000 after buying an additional 2,681 shares during the last quarter. Finally, Saybrook Capital NC increased its holdings in shares of Apartment Investment and Management by 2.6% in the 1st quarter. Saybrook Capital NC now owns 159,500 shares of the real estate investment trust's stock worth $1,404,000 after buying an additional 4,000 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors.

Apartment Investment and Management Trading Down 0.5%

AIV stock traded down $0.0350 during mid-day trading on Monday, reaching $7.7350. The company had a trading volume of 1,224,263 shares, compared to its average volume of 1,119,129. The company has a debt-to-equity ratio of 8.06, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $1.10 billion, a PE ratio of -16.11 and a beta of 1.39. The firm has a 50 day moving average of $8.43 and a 200 day moving average of $8.36. Apartment Investment and Management Company has a 12 month low of $6.89 and a 12 month high of $9.48.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last issued its earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03). The company had revenue of $52.76 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. On average, equities analysts predict that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AIV has been the topic of a number of research reports. 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. Wall Street Zen downgraded shares of Apartment Investment and Management from a "hold" rating to a "sell" rating in a report on Friday, May 30th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus 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.