Irenic Capital Management LP Has $40.77 Million Stake in Apartment Investment and Management Company $AIV

Irenic Capital Management LP lifted its stake in Apartment Investment and Management Company (NYSE:AIV) by 21.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,633,134 shares of the real estate investment trust’s stock after buying an additional 820,539 shares during the period. Apartment Investment and Management comprises 6.2% of Irenic Capital Management LP’s portfolio, making the stock its 4th biggest holding. Irenic Capital Management LP owned approximately 3.26% of Apartment Investment and Management worth $40,772,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Alpha Wave Global LP bought a new stake in shares of Apartment Investment and Management in the first quarter valued at about $1,567,000. Worth Venture Partners LLC bought a new stake in shares of Apartment Investment and Management in the first quarter valued at about $243,000. Anson Funds Management LP bought a new stake in shares of Apartment Investment and Management in the first quarter valued at about $2,582,000. Jump Financial LLC bought a new stake in shares of Apartment Investment and Management in the first quarter valued at about $196,000. Finally, Cbre Investment Management Listed Real Assets LLC bought a new stake in shares of Apartment Investment and Management in the first quarter valued at about $625,000. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Stock Down 0.1%

Shares of AIV opened at $7.83 on Monday. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -16.31 and a beta of 1.46. 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 Company has a 12 month low of $6.89 and a 12 month high of $9.48. The company has a 50-day moving average price of $8.36 and a two-hundred day moving average price of $8.32.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly 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 business had revenue of $52.76 million for 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 business earned ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Equities analysts predict that Apartment Investment and Management Company will post -0.8 EPS for the current fiscal year.

Analyst Ratings Changes

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 upgraded shares of Apartment Investment and Management from a “peer perform” rating to an “outperform” rating and set a $10.00 price target for the company in a research note on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target 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.