Apartment Investment and Management (NYSE:AIV) Sees Large Growth in Short Interest

Apartment Investment and Management (NYSE:AIV) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 3,940,000 shares, an increase of 8.8% from the March 15th total of 3,620,000 shares. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily volume of 1,030,000 shares, the short-interest ratio is presently 3.8 days.

Apartment Investment and Management Stock Down 2.0 %

Shares of NYSE:AIV traded down $0.16 during mid-day trading on Wednesday, reaching $7.81. 442,255 shares of the company were exchanged, compared to its average volume of 966,290. The company has a debt-to-equity ratio of 2.73, a quick ratio of 2.18 and a current ratio of 2.18. The firm’s 50-day simple moving average is $7.73 and its 200 day simple moving average is $7.28. Apartment Investment and Management has a 1 year low of $5.63 and a 1 year high of $8.93.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, February 22nd. The real estate investment trust reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($1.01). The business had revenue of $49.35 million during the quarter. Apartment Investment and Management had a negative net margin of 88.87% and a negative return on equity of 30.04%.

Wall Street Analyst Weigh In

AIV has been the topic of several recent research reports. TheStreet raised shares of Apartment Investment and Management from a “d+” rating to a “c-” rating in a research report on Tuesday, January 16th. StockNews.com lowered Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, February 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new stake in shares of Apartment Investment and Management during the 2nd quarter worth $29,000. Ensign Peak Advisors Inc acquired a new stake in shares of Apartment Investment and Management during the 3rd quarter worth about $30,000. Captrust Financial Advisors purchased a new stake in Apartment Investment and Management during the second quarter worth approximately $30,000. Russell Investments Group Ltd. boosted its holdings in Apartment Investment and Management by 398.2% in the fourth quarter. Russell Investments Group Ltd. now owns 5,092 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 4,070 shares in the last quarter. Finally, Raymond James & Associates purchased a new position in Apartment Investment and Management in the fourth quarter valued at approximately $74,000. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Company Profile

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.