Short Interest in Apartment Investment and Management (NYSE:AIV) Expands By 23.6%

Apartment Investment and Management (NYSE:AIV) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 5,440,000 shares, a growth of 23.6% from the January 31st total of 4,400,000 shares. Based on an average daily trading volume, of 1,020,000 shares, the short-interest ratio is presently 5.3 days. Approximately 4.2% of the company’s shares are sold short.

Apartment Investment and Management Trading Down 2.1 %

Shares of NYSE AIV traded down $0.19 during midday trading on Friday, hitting $8.69. 161,834 shares of the company traded hands, compared to its average volume of 1,158,159. The stock has a 50-day moving average price of $8.92 and a 200 day moving average price of $8.83. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $1.23 billion, a P/E ratio of -5.02 and a beta of 1.40. Apartment Investment and Management has a 12-month low of $7.31 and a 12-month high of $9.48.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. The company had revenue of $54.17 million during the quarter, compared to analysts’ expectations of $53.11 million. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. As a group, analysts expect that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Apartment Investment and Management Dividend Announcement

The firm also recently announced a special dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th were given a $0.60 dividend. The ex-dividend date was Tuesday, January 14th. Apartment Investment and Management’s dividend payout ratio is presently -136.49%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in Apartment Investment and Management by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,305 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Apartment Investment and Management in the 4th quarter worth approximately $55,000. Point72 Asset Management L.P. purchased a new stake in shares of Apartment Investment and Management in the 4th quarter worth approximately $77,000. Xponance Inc. bought a new position in Apartment Investment and Management during the 4th quarter valued at approximately $93,000. Finally, Cerity Partners LLC purchased a new position in Apartment Investment and Management during the fourth quarter valued at $94,000. 83.26% of the stock is currently owned by institutional investors.

About Apartment Investment and Management

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.