Associated Estates Realty Corp (NASDAQ:AEC) Short Interest Update

Associated Estates Realty Corp (NASDAQ:AEC) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 193,791 shares, a growth of 151.0% from the June 15th total of 77,195 shares. Based on an average daily trading volume, of 69,201 shares, the short-interest ratio is presently 2.8 days.

Associated Estates Realty Price Performance

Shares of AEC opened at $4.53 on Wednesday. The company’s 50-day moving average is $4.45 and its 200-day moving average is $5.65. Associated Estates Realty has a fifty-two week low of $3.66 and a fifty-two week high of $12.49.

Associated Estates Realty (NASDAQ:AEC) last announced its earnings results on Friday, May 15th. The real estate investment trust reported ($0.29) EPS for the quarter.

Institutional Investors Weigh In On Associated Estates Realty

Institutional investors have recently made changes to their positions in the company. Themes Management Co LLC acquired a new position in shares of Associated Estates Realty in the fourth quarter valued at approximately $58,000. XTX Topco Ltd bought a new stake in Associated Estates Realty in the 4th quarter valued at $76,000. Geode Capital Management LLC bought a new stake in Associated Estates Realty in the 4th quarter valued at $93,000. Quadrature Capital Ltd acquired a new position in Associated Estates Realty in the 4th quarter valued at $128,000. Finally, Millennium Management LLC acquired a new position in Associated Estates Realty in the 4th quarter valued at $128,000. Institutional investors own 85.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Associated Estates Realty in a research note on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Associated Estates Realty has a consensus rating of “Sell”.

Associated Estates Realty Company Profile

Associated Estates Realty Corporation is a self-administered and self-managed equity real estate investment trust (REIT). The Company is engaged primarily in the ownership and operation of multifamily apartment units. It specializes in multifamily ownership, operation, acquisition, development, disposition and property management activities. Its operating portfolio consists of approximately 49 apartment communities containing around 12,734 units in eight states that are owned, either directly or indirectly, through its subsidiaries.