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

Apartment Investment and Management Company (NYSE:AIV) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 4,651,487 shares, a drop of 17.5% from the January 15th total of 5,638,317 shares. Currently, 3.3% of the shares of the stock are sold short. Based on an average daily volume of 1,791,002 shares, the days-to-cover ratio is presently 2.6 days. Based on an average daily volume of 1,791,002 shares, the days-to-cover ratio is presently 2.6 days. Currently, 3.3% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apartment Investment and Management in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Yakira Capital Management Inc. purchased a new stake in Apartment Investment and Management in the fourth quarter valued at approximately $1,390,000. Verition Fund Management LLC raised its stake in Apartment Investment and Management by 90.0% during the fourth quarter. Verition Fund Management LLC now owns 1,072,300 shares of the real estate investment trust’s stock worth $6,369,000 after purchasing an additional 507,788 shares during the period. PEAK6 LLC raised its stake in Apartment Investment and Management by 258.9% during the fourth quarter. PEAK6 LLC now owns 197,032 shares of the real estate investment trust’s stock worth $1,170,000 after purchasing an additional 142,129 shares during the period. Mariner LLC acquired a new position in shares of Apartment Investment and Management in the 4th quarter valued at $76,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Apartment Investment and Management during the 4th quarter valued at $5,467,000. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

Apartment Investment and Management Trading Up 0.8%

Shares of NYSE:AIV traded up $0.05 during midday trading on Monday, reaching $5.83. The company’s stock had a trading volume of 1,316,079 shares, compared to its average volume of 1,674,342. The firm has a market cap of $839.27 million, a price-to-earnings ratio of 3.39 and a beta of 1.35. The business has a 50 day moving average price of $5.86 and a 200 day moving average price of $6.53. Apartment Investment and Management has a 1 year low of $5.24 and a 1 year high of $9.13. The company has a quick ratio of 4.97, a current ratio of 4.97 and a debt-to-equity ratio of 8.00.

Apartment Investment and Management Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $1.45 dividend. The ex-dividend date is Friday, February 27th.

Apartment Investment and Management Company Profile

Apartment Investment and Management Company (NYSE:AIV), commonly known as Aimco, is a real estate investment trust focused on the ownership and operation of multifamily residential communities in the United States. The company acquires, develops and manages apartment properties that offer a range of living environments—from urban high-rise buildings to garden-style communities. Aimco’s core business includes leasing apartments, providing on-site services and amenities, and overseeing property maintenance to drive occupancy and resident satisfaction.

Founded in 1994 as part of GMAC Residential, Aimco became a publicly traded REIT with headquarters in Denver, Colorado.