Wealth Enhancement Advisory Services LLC Has $928,000 Stock Position in Apartment Investment and Management Company $AIV

Key Points

• Wealth Enhancement Advisory Services LLC has cut its stake in Apartment Investment and Management Company (NYSE:AIV) by 51.4%, now holding approximately $928,000 worth of the stock.
• Apart from Wealth Enhancement, several institutional investors have recently increased their positions in the company, indicating strong interest, with 83.26% of the stock owned by institutional investors.
• The company reported a loss of ($0.14) EPS in its latest earnings announcement, missing consensus estimates and indicating ongoing financial challenges with a negative return on equity of 34.47%.

Wealth Enhancement Advisory Services LLC reduced its stake in Apartment Investment and Management Company (NYSE:AIV - Free Report) by 51.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,359 shares of the real estate investment trust's stock after selling 111,433 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.07% of Apartment Investment and Management worth $928,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Aberdeen Group plc lifted its stake in Apartment Investment and Management by 3.6% in the first quarter. Aberdeen Group plc now owns 38,912 shares of the real estate investment trust's stock valued at $342,000 after buying an additional 1,351 shares during the period. Arizona State Retirement System lifted its stake in Apartment Investment and Management by 4.1% in the first quarter. Arizona State Retirement System now owns 38,495 shares of the real estate investment trust's stock valued at $339,000 after buying an additional 1,507 shares during the period. Invesco Ltd. lifted its stake in Apartment Investment and Management by 0.7% in the first quarter. Invesco Ltd. now owns 278,369 shares of the real estate investment trust's stock valued at $2,450,000 after buying an additional 1,984 shares during the period. Envestnet Asset Management Inc. lifted its stake in Apartment Investment and Management by 5.4% in the first quarter. Envestnet Asset Management Inc. now owns 52,544 shares of the real estate investment trust's stock valued at $462,000 after buying an additional 2,681 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Apartment Investment and Management by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 82,692 shares of the real estate investment trust's stock valued at $728,000 after buying an additional 3,635 shares during the period. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Trading Down 2.2%

Shares of Apartment Investment and Management stock opened at $7.71 on Friday. The stock has a fifty day simple moving average of $7.91 and a 200 day simple moving average of $8.13. Apartment Investment and Management Company has a 12-month low of $6.89 and a 12-month high of $9.29. The company has a market capitalization of $1.10 billion, a P/E ratio of -16.05 and a beta of 1.45. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 8.06.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) earnings per share (EPS) 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 company had revenue of $52.76 million for the quarter, compared to the consensus estimate of $54.62 million. During the same quarter last year, the company posted ($0.43) EPS. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. On average, sell-side analysts anticipate that Apartment Investment and Management Company will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $2.23 per share. The ex-dividend date is Thursday, October 16th. Apartment Investment and Management's dividend payout ratio is -210.42%.

Analyst Ratings Changes

Separately, Wolfe Research raised Apartment Investment and Management from a "peer perform" rating to an "outperform" rating and set a $10.00 price target on the stock in a research note on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Apartment Investment and Management currently has an average rating of "Buy" and a consensus 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.

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