Apartment Investment and Management Company (NYSE:AIV) Sees Significant Growth in Short Interest

Apartment Investment and Management Company (NYSE:AIV) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 5,750,235 shares, a growth of 20.1% from the December 15th total of 4,787,684 shares. Based on an average daily trading volume, of 2,515,592 shares, the short-interest ratio is presently 2.3 days. Approximately 4.1% of the company’s stock are sold short. Approximately 4.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,515,592 shares, the short-interest ratio is presently 2.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of Apartment Investment and Management in the second quarter valued at approximately $59,000. Diversified Trust Co bought a new position in Apartment Investment and Management during the 3rd quarter worth $82,000. Creative Planning raised its holdings in Apartment Investment and Management by 16.4% in the 2nd quarter. Creative Planning now owns 12,162 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 1,712 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Apartment Investment and Management during the 3rd quarter valued at $105,000. Finally, Legato Capital Management LLC acquired a new stake in shares of Apartment Investment and Management during the 3rd quarter worth $105,000. Institutional investors and hedge funds own 83.26% of the company’s stock.

Wall Street Analyst Weigh In

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

Apartment Investment and Management Stock Performance

Shares of Apartment Investment and Management stock traded up $0.01 on Monday, hitting $5.94. The stock had a trading volume of 1,393,398 shares, compared to its average volume of 1,960,000. The stock has a market cap of $855.11 million, a price-to-earnings ratio of 3.45 and a beta of 1.38. The business’s 50 day moving average is $5.75 and its two-hundred day moving average is $6.94. 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 has a twelve month low of $5.24 and a twelve month high of $9.29.

About Apartment Investment and Management

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.