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. Approximately 3.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,791,002 shares, the days-to-cover ratio is presently 2.6 days. Based on an average daily trading volume, of 1,791,002 shares, the days-to-cover ratio is presently 2.6 days. Approximately 3.3% of the shares of the stock are sold short.

Analysts Set New Price Targets

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

Institutional Trading of Apartment Investment and Management

A number of hedge funds and other institutional investors have recently made changes to their positions in AIV. Bleakley Financial Group LLC increased its stake in shares of Apartment Investment and Management by 28.0% during the 2nd quarter. Bleakley Financial Group LLC now owns 320,756 shares of the real estate investment trust’s stock worth $2,775,000 after purchasing an additional 70,095 shares in the last quarter. Long Pond Capital LP acquired a new stake in Apartment Investment and Management during the 2nd quarter valued at $14,686,000. Y Intercept Hong Kong Ltd acquired a new stake in Apartment Investment and Management during the 2nd quarter valued at $1,081,000. Alpha Wave Global LP increased its position in Apartment Investment and Management by 81.8% during the second quarter. Alpha Wave Global LP now owns 323,578 shares of the real estate investment trust’s stock worth $2,799,000 after buying an additional 145,562 shares in the last quarter. Finally, Quinn Opportunity Partners LLC increased its position in Apartment Investment and Management by 86.3% during the second quarter. Quinn Opportunity Partners LLC now owns 467,974 shares of the real estate investment trust’s stock worth $4,048,000 after buying an additional 216,767 shares in the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Apartment Investment and Management Price Performance

AIV traded up $0.05 during 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 company has a market cap of $839.27 million, a price-to-earnings ratio of 3.39 and a beta of 1.35. The firm has a fifty day simple moving average of $5.86 and a two-hundred day simple moving average 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 Announces Dividend

The company also recently declared a special dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Friday, February 27th.

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.