Apartment Investment and Management Company (NYSE:AIV) Short Interest Update

Apartment Investment and Management Company (NYSE:AIV) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 3,366,174 shares, a decline of 30.5% from the February 12th total of 4,840,764 shares. Currently, 2.4% of the company’s shares are short sold. Based on an average daily trading volume, of 9,823,720 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 9,823,720 shares, the short-interest ratio is currently 0.3 days. Currently, 2.4% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.00.

Apartment Investment and Management Trading Up 0.1%

Shares of Apartment Investment and Management stock traded up $0.01 on Monday, reaching $4.22. 540,252 shares of the company’s stock were exchanged, compared to its average volume of 3,377,808. The company has a market capitalization of $606.41 million, a P/E ratio of 1.09 and a beta of 1.35. Apartment Investment and Management has a 52 week low of $4.19 and a 52 week high of $8.89. The company has a debt-to-equity ratio of 1.87, a quick ratio of 3.46 and a current ratio of 3.46. The firm’s 50-day moving average is $5.52 and its two-hundred day moving average is $6.12.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Monday, March 2nd. The real estate investment trust reported $2.08 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $2.19. The company had revenue of $34.64 million during the quarter, compared to analyst estimates of $56.65 million. Apartment Investment and Management had a net margin of 316.79% and a return on equity of 9.05%. Sell-side analysts predict that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Apartment Investment and Management Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $1.45 per share. The ex-dividend date was Friday, February 27th.

Institutional Trading of Apartment Investment and Management

Several large investors have recently made changes to their positions in AIV. Long Pond Capital LP bought a new position in Apartment Investment and Management in the second quarter worth approximately $14,686,000. Alpha Wave Global LP increased its holdings in shares of Apartment Investment and Management by 81.8% during the second quarter. Alpha Wave Global LP now owns 323,578 shares of the real estate investment trust’s stock valued at $2,799,000 after acquiring an additional 145,562 shares in the last quarter. Union Square Park Capital Management LLC acquired a new position in shares of Apartment Investment and Management during the third quarter worth approximately $2,062,000. Norges Bank bought a new position in shares of Apartment Investment and Management in the 2nd quarter worth $6,405,000. Finally, Voya Investment Management LLC lifted its holdings in shares of Apartment Investment and Management by 33.5% in the 3rd quarter. Voya Investment Management LLC now owns 632,945 shares of the real estate investment trust’s stock worth $5,019,000 after purchasing an additional 158,767 shares in the last quarter. 83.26% of the stock is currently owned by institutional investors and hedge funds.

Apartment Investment and Management Company Profile

Apartment Investment and Management Company (NYSE:AIV), commonly known as Aimco, is a real estate investment trust focused on the ownership and operation of multifamily residential communities in the United States. The company acquires, develops and manages apartment properties that offer a range of living environments—from urban high-rise buildings to garden-style communities. Aimco’s core business includes leasing apartments, providing on-site services and amenities, and overseeing property maintenance to drive occupancy and resident satisfaction.

Founded in 1994 as part of GMAC Residential, Aimco became a publicly traded REIT with headquarters in Denver, Colorado.