Land & Buildings Investment Manag has recently announced that it has increased stake in Apartment Investment and Management Company (NYSE:AIV) by 19.96%. After grabbing 8.81 million shares, the institutional investor is now in possession of 1.47 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 5.79% having worth around $69.92 million. Moreover, T. Rowe Price Investment Manageme increased its share by 2.99 million to have a control over 2.99 million shares.
Apartment Investment and Management Company (AIV) concluded trading on 11/23/22 at a closing price of $8.09, with 0.47 million shares of worth about $3.83 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.05% during that period and on Wednesday the price saw a loss of about -0.25%. Currently the company’s common shares owned by public are about 149.61M shares, out of which, 139.90M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 8 times over the past 12 months. They bought 103,385 shares in 8 of the transactions. In 0 selling transactions, insiders dumped 0 shares.
T Rowe Price Mid Cap Value Fund, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Apartment Investment and Management Company T Rowe Price Mid Cap Value Fund is currently holding 9.84 million shares of worth totaling $78.11 million. The company recently came selling 21800.0 shares which brought its stake up to 6.47% of the company’s outstanding shares. Vanguard Real Estate Index Fund sold 33404.0 shares, after which its hold over company’s outstanding shares shrunk to 4.55%, leaving 6.92 million shares with the mutual fund that have a worth of about $54.92 million. Vanguard Total Stock Market Index, after selling 4.33 million shares, have now control over 2.85% of the stake in the company. It holds 78524.0 shares of worth $34.4 million.
Apartment Investment and Management Company (NYSE: AIV) started trading at $8.09, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 8.13, or with a loss of -0.25%. Stock saw a price change of 2.93% in past 5 days and over the past one month there was a price change of 3.19%. Year-to-date (YTD), AIV shares are showing a performance of 5.02% which increased to 2.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.21 but also hit the highest price of $9.77 during that period. The average intraday trading volume for Apartment Investment and Management Company shares is 1.57 million. The stock is currently trading 5.20% above its 20-day simple moving average (SMA20), while that difference is up 5.93% for SMA50 and it goes to 11.14% higher than SMA200.
Land & Buildings Investment Manag acquired 8.81 million shares of Apartment Investment and Management Company having value of about $69.92 million. Data submitted at the U.S SEC by Land & Buildings Investment Manag revealed that the firm now holds 1.47 million shares in the company valued at close to $11854754.31, or have control over 19.96% stake in the company. Apartment Investment and Management Company (NYSE: AIV) currently have 149.61M outstanding shares and institutions hold larger chunk of about 92.30% of that. Holding of mutual funds in the company is about 40.55% while other institutional holders and individual stake holders have control over 52.24% and 2.17% of the stake respectively.
The stock has a current market capitalization of $1.20B and its 3Y-monthly beta is at 1.15. PE ratio of stock for trailing 12 months is 4.50, while it has posted earnings per share of $1.80 in the same period. Its PEG reads 0.63 while making debt-to-equity ratio of 1.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AIV, volatility over the week remained 1.74% while standing at 3.42% over the month.
Analysts are in expectations that Apartment Investment and Management Company (AIV) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -16.50%. EPS is likely to grow at an annualized rate of 7.10% for next 5-years, compared to annual growth of -15.00% made by the stock over the past 5-years.
Analysts at 1 brokerage firms have issued recommendations for the Apartment Investment and Management Company (AIV)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Scotiabank on December 04, 2020 offering a Sector perform rating for the stock and assigned a target price of $41 to it. Coverage by Citigroup stated Apartment Investment and Management Company (AIV) stock as a Sell in their note to investors on September 18, 2020, suggesting a price target of $33 for the stock. On September 14, 2020, BofA Securities Upgrade their recommendations, while on September 09, 2020, Goldman Downgrade their ratings for the stock with a price target of $41. Stock get a Buy rating from SunTrust on June 18, 2020.