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

Apartment Investment and Management (NYSE:AIV) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 3,080,000 shares, a decline of 7.8% from the October 15th total of 3,340,000 shares. Based on an average daily trading volume, of 912,900 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Apartment Investment and Management

Several institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC lifted its holdings in Apartment Investment and Management by 40.7% during the 3rd quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust’s stock valued at $5,948,000 after purchasing an additional 190,440 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Apartment Investment and Management by 2.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 167,300 shares of the real estate investment trust’s stock worth $1,512,000 after buying an additional 3,600 shares in the last quarter. Rush Island Management LP bought a new position in shares of Apartment Investment and Management in the third quarter valued at approximately $15,999,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Apartment Investment and Management by 2.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 829,121 shares of the real estate investment trust’s stock worth $7,495,000 after acquiring an additional 21,088 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Apartment Investment and Management by 10.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,006 shares of the real estate investment trust’s stock worth $506,000 after acquiring an additional 5,499 shares during the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Trading Up 2.0 %

Shares of AIV stock opened at $8.63 on Monday. Apartment Investment and Management has a 52-week low of $6.43 and a 52-week high of $9.48. 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 stock has a market cap of $1.22 billion, a price-to-earnings ratio of -4.99 and a beta of 1.39. The firm has a fifty day moving average of $8.80 and a 200-day moving average of $8.59.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The company had revenue of $53.16 million for the quarter. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. On average, equities research analysts forecast that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

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.