Cbre Investment Management Listed Real Assets LLC Makes New Investment in Apartment Investment and Management Company $AIV

Cbre Investment Management Listed Real Assets LLC bought a new position in Apartment Investment and Management Company (NYSE:AIV) in the first quarter, HoldingsChannel reports. The institutional investor bought 71,016 shares of the real estate investment trust’s stock, valued at approximately $625,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new position in Apartment Investment and Management during the first quarter valued at $414,000. Land & Buildings Investment Management LLC lifted its position in Apartment Investment and Management by 77.2% during the fourth quarter. Land & Buildings Investment Management LLC now owns 3,074,160 shares of the real estate investment trust’s stock valued at $27,944,000 after purchasing an additional 1,338,921 shares in the last quarter. LPL Financial LLC purchased a new position in Apartment Investment and Management during the first quarter valued at $2,849,000. BNP Paribas Financial Markets purchased a new position in Apartment Investment and Management during the fourth quarter valued at $1,811,000. Finally, Natixis Advisors LLC purchased a new position in Apartment Investment and Management during the first quarter valued at $761,000. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Investment and Management Price Performance

Shares of Apartment Investment and Management stock opened at $7.7550 on Friday. The stock’s 50-day simple moving average is $8.43 and its 200-day simple moving average is $8.36. Apartment Investment and Management Company has a 52 week low of $6.89 and a 52 week high of $9.48. The company 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 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) last announced its quarterly earnings data 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). Apartment Investment and Management had a negative net margin of 30.59% and a negative return on equity of 34.47%. The business had revenue of $52.76 million during the quarter, compared to analysts’ expectations of $54.62 million. During the same quarter in the previous 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. As a group, analysts expect that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AIV shares. Wolfe Research upgraded 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. Wall Street Zen downgraded Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $10.00.

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.