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

Apartment Investment and Management (NYSE:AIV) was the recipient of a significant decrease in short interest in 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. Based on an average daily volume of 982,600 shares, the days-to-cover ratio is currently 4.7 days. Currently, 3.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Apartment Investment and Management

Large investors have recently modified their holdings of the stock. Quest Partners LLC bought a new stake in shares of Apartment Investment and Management during the 4th quarter valued at $860,000. Bleakley Financial Group LLC raised its holdings in Apartment Investment and Management by 101.0% during the 1st quarter. Bleakley Financial Group LLC now owns 144,803 shares of the real estate investment trust’s stock valued at $1,186,000 after buying an additional 72,777 shares during the period. SG Americas Securities LLC raised its position in Apartment Investment and Management by 796.4% in the 2nd quarter. SG Americas Securities LLC now owns 139,308 shares of the real estate investment trust’s stock worth $1,155,000 after purchasing an additional 123,767 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings in Apartment Investment and Management by 31.0% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 72,823 shares of the real estate investment trust’s stock valued at $570,000 after acquiring an additional 17,250 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Apartment Investment and Management by 2.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 151,769 shares of the real estate investment trust’s stock valued at $1,258,000 after purchasing an additional 3,916 shares during the period. Hedge funds and other institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

Shares of NYSE AIV traded up $0.08 during trading hours on Tuesday, reaching $9.16. 817,586 shares of the stock traded hands, compared to its average volume of 973,378. Apartment Investment and Management has a 52-week low of $5.63 and a 52-week high of $9.48. The company has a market capitalization of $1.33 billion, a P/E ratio of -7.75 and a beta of 1.38. The company’s 50-day simple moving average is $8.89 and its two-hundred day simple moving average is $8.32. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 3.81.

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

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.