Does Apartment Investment and Management Company (AIV) offer a good opportunity for investors?

Apartment Investment and Management Company (NYSE: AIV) stock fell -4.38% on Friday to $7.64 against a previous-day closing price of $7.99. With 3.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.86 million shares. During the session, the REIT – Residential company that operates in wider Real Estate sector, reached to the highest price of $8.10 whereas the lowest price it dropped to was $7.59. The 52-week range on AIV shows that it touched its highest point at $8.50 and its lowest point at $5.22 during that stretch. Beta for the stock currently stands at 1.11.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AIV was down-trending over the past week, with a drop of -2.80%, but this was up by 12.35% over a month. Three-month performance surged to 22.44% while six-month performance rose 12.52%. The stock gained 12.52% in the past year, while it has lost -1.04% so far this year. EPS is expected to grow by 7.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -15.00%.

Float and Shares Shorts:

At present, 149.79 million AIV shares are outstanding with a float of 148.68 million shares on hand for trading. On Jul 14, 2022, short shares totaled 11.05 million, which was 7.24% higher than short shares on Jun 14, 2022. In addition to Mr. Wesley William Powell as the firm’s Pres, CEO & Director, Ms. H. Lynn C. Stanfield serves as its Interim Principal Accounting Officer, Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 95.59% of AIV’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.66% of AIV, in contrast to 39.32% held by mutual funds. Shares owned by individuals account for 2.16%. As the largest shareholder in AIV with 14.27% of the stake, The Vanguard Group, Inc. holds 21,793,551 shares worth 21,793,551. A second-largest stockholder of AIV, T. Rowe Price Associates, Inc., holds 19,903,350 shares, controlling over 13.04% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in AIV, holding 11,382,408 shares or 7.46% stake. With a 6.46% stake in AIV, the T Rowe Price Mid Cap Value Fund is the largest stakeholder. A total of 9,858,753 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.59% of AIV stock, is the second-largest Mutual Fund holder. It holds 7,009,464 shares valued at 44.86 million. Vanguard Total Stock Market Index holds 2.94% of the stake in AIV, owning 4,486,827 shares worth 28.72 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AIV since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AIV analysts setting a high price target of $4.09 and a low target of $4.09, the average target price over the next 12 months is $4.09. Based on these targets, AIV could drop -46.47% to reach the target high and fall by -46.47% to reach the target low. Reaching the average price target will result in a decline of -46.47% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AIV will report FY 2021 earnings on 02/02/2023. Analysts have provided yearly estimates in a range of -$0.01 being high and -$0.01 being low. For AIV, this leads to a yearly average estimate of -$0.01. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Apartment Investment and Management Company reported $0.05 EPS. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.01. The average estimate for the next quarter is thus -$0.01.

Summary of Insider Activity:

Insiders traded AIV stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 2,145 shares were bought while 0 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 858,760 while 0 shares were sold.

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