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

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

Apartment Investment and Management Stock Performance

Shares of AIV traded down $0.14 during mid-day trading on Monday, reaching $7.97. The company had a trading volume of 890,511 shares, compared to its average volume of 998,734. Apartment Investment and Management has a 52-week low of $5.63 and a 52-week high of $8.93. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 2.73. The stock has a market capitalization of $1.15 billion, a P/E ratio of -6.81 and a beta of 1.31. The stock has a 50 day moving average of $7.73 and a two-hundred day moving average of $7.27.

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

Institutional Trading of Apartment Investment and Management

Several institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in Apartment Investment and Management by 5.3% in the second quarter. AQR Capital Management LLC now owns 26,991 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 1,359 shares during the period. Fox Run Management L.L.C. boosted its stake in shares of Apartment Investment and Management by 8.7% in the third quarter. Fox Run Management L.L.C. now owns 23,332 shares of the real estate investment trust’s stock worth $159,000 after acquiring an additional 1,876 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of Apartment Investment and Management by 25.7% in the first quarter. Advisor Group Holdings Inc. now owns 9,826 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 2,009 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Apartment Investment and Management by 2.2% in the third quarter. Envestnet Asset Management Inc. now owns 94,214 shares of the real estate investment trust’s stock worth $641,000 after acquiring an additional 2,026 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Apartment Investment and Management by 5.6% in the third quarter. Nisa Investment Advisors LLC now owns 54,538 shares of the real estate investment trust’s stock worth $371,000 after acquiring an additional 2,896 shares during the last quarter. 83.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AIV. TheStreet raised Apartment Investment and Management from a “d+” rating to a “c-” rating in a report on Tuesday, January 16th. StockNews.com downgraded Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, February 26th.

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.