Northern Trust Corp Sells 33,260 Shares of Apartment Investment and Management Company $AIV

Northern Trust Corp lowered its stake in Apartment Investment and Management Company (NYSE:AIV) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,522,926 shares of the real estate investment trust’s stock after selling 33,260 shares during the quarter. Northern Trust Corp owned approximately 1.07% of Apartment Investment and Management worth $13,402,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in AIV. Point72 Asset Management L.P. bought a new position in Apartment Investment and Management in the 4th quarter worth about $77,000. GAMMA Investing LLC boosted its stake in Apartment Investment and Management by 980.0% in the 1st quarter. GAMMA Investing LLC now owns 9,126 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 8,281 shares during the period. Covestor Ltd boosted its stake in Apartment Investment and Management by 276.5% in the 1st quarter. Covestor Ltd now owns 9,355 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 6,870 shares during the period. New Age Alpha Advisors LLC bought a new position in Apartment Investment and Management in the 1st quarter worth about $85,000. Finally, Principal Financial Group Inc. bought a new position in Apartment Investment and Management in the 1st quarter worth about $89,000. Institutional investors own 83.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. 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 note on Monday, August 4th. Wall Street Zen lowered Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Friday, May 30th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Apartment Investment and Management currently has an average rating of “Buy” and an average price target of $10.00.

Apartment Investment and Management Trading Up 0.7%

Shares of AIV stock opened at $7.76 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 8.06. The business has a 50-day moving average price of $8.31 and a two-hundred day moving average price of $8.30. Apartment Investment and Management Company has a 12-month low of $6.89 and a 12-month high of $9.41. The firm has a market cap of $1.10 billion, a P/E ratio of -16.16 and a beta of 1.46.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $52.76 million during the quarter, compared to the consensus estimate of $54.62 million. During the same period in the prior 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. Equities analysts anticipate that Apartment Investment and Management Company will post -0.8 EPS for the current fiscal 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.