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

Apartment Investment and Management (NYSE:AIV) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 4,580,000 shares, a decrease of 8.8% from the August 15th total of 5,020,000 shares. Currently, 3.5% of the company’s stock are short sold. Based on an average daily trading volume, of 982,600 shares, the short-interest ratio is currently 4.7 days.

Apartment Investment and Management Stock Up 1.2 %

AIV traded up $0.11 during trading on Wednesday, reaching $9.27. 1,170,983 shares of the stock were exchanged, compared to its average volume of 974,475. The company has a debt-to-equity ratio of 3.81, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50 day moving average price is $8.91 and its two-hundred day moving average price is $8.33. Apartment Investment and Management has a twelve month low of $5.63 and a twelve month high of $9.48. The stock has a market cap of $1.34 billion, a P/E ratio of -7.80 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.33). The business had revenue of $51.15 million during the quarter, compared to analyst estimates of $50.84 million. Apartment Investment and Management had a negative net margin of 113.14% and a negative return on equity of 51.94%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Lazard Asset Management LLC bought a new position in Apartment Investment and Management in the first quarter valued at approximately $38,000. Quarry LP acquired a new position in shares of Apartment Investment and Management during the 2nd quarter worth $39,000. Russell Investments Group Ltd. raised its holdings in shares of Apartment Investment and Management by 398.2% during the 4th quarter. Russell Investments Group Ltd. now owns 5,092 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 4,070 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Apartment Investment and Management during the 2nd quarter worth $45,000. Finally, Headlands Technologies LLC acquired a new stake in Apartment Investment and Management in the second quarter valued at about $104,000. 83.26% of the stock is owned by institutional investors.

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.