Apartment Investment and Management Company (NYSE:AIV) Short Interest Up 109.6% in October

Apartment Investment and Management Company (NYSE:AIV) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 5,220,000 shares, a growth of 109.6% from the September 30th total of 2,490,000 shares. Based on an average trading volume of 2,090,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 4.0% of the shares of the company are short sold. Approximately 4.0% of the shares of the company are short sold. Based on an average trading volume of 2,090,000 shares, the days-to-cover ratio is presently 2.5 days.

Apartment Investment and Management Stock Down 0.1%

Shares of AIV stock opened at $5.35 on Friday. The stock has a market cap of $760.76 million, a P/E ratio of -11.14 and a beta of 1.45. Apartment Investment and Management has a one year low of $5.26 and a one year high of $9.29. The stock has a fifty day moving average price of $7.22 and a 200 day moving average price of $7.88. The company has a debt-to-equity ratio of 8.06, a current ratio of 1.25 and a quick ratio of 1.25.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Monday, August 11th. The real estate investment trust reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The firm had revenue of $52.76 million during the quarter, compared to the consensus estimate of $54.62 million. Apartment Investment and Management had a negative return on equity of 34.47% and a negative net margin of 30.59%.During the same period last year, the business earned ($0.43) earnings per share. Apartment Investment and Management has set its FY 2025 guidance at 5.200-5.400 EPS. Analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current year.

Apartment Investment and Management Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $2.23 dividend. Apartment Investment and Management’s dividend payout ratio is presently -210.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Apartment Investment and Management in a research report on Thursday. Wolfe Research raised shares of Apartment Investment and Management from a “peer perform” rating to an “outperform” rating and set a $10.00 target price on the stock in a research report on Monday, August 4th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $10.00.

Institutional Investors Weigh In On Apartment Investment and Management

Several institutional investors and hedge funds have recently made changes to their positions in AIV. Sequoia Financial Advisors LLC acquired a new stake in shares of Apartment Investment and Management in the 1st quarter valued at $414,000. Teacher Retirement System of Texas bought a new position in shares of Apartment Investment and Management in the first quarter valued at about $172,000. Principal Financial Group Inc. bought a new position in shares of Apartment Investment and Management in the first quarter valued at about $89,000. Envestnet Asset Management Inc. raised its holdings in shares of Apartment Investment and Management by 5.4% in the first quarter. Envestnet Asset Management Inc. now owns 52,544 shares of the real estate investment trust’s stock valued at $462,000 after buying an additional 2,681 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC raised its holdings in shares of Apartment Investment and Management by 7.9% in the first quarter. Beverly Hills Private Wealth LLC now owns 275,594 shares of the real estate investment trust’s stock valued at $2,425,000 after buying an additional 20,143 shares during the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Company Profile

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.