Short Interest in Apartment Investment and Management Company (NYSE:AIV) Decreases By 13.4%

Apartment Investment and Management Company (NYSE:AIV) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 2,915,443 shares, a decrease of 13.4% from the February 26th total of 3,366,174 shares. Based on an average daily volume of 2,781,666 shares, the short-interest ratio is currently 1.0 days. Approximately 2.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Apartment Investment and Management in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Apartment Investment and Management Price Performance

Shares of Apartment Investment and Management stock opened at $4.03 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 3.46 and a quick ratio of 3.46. Apartment Investment and Management has a one year low of $3.93 and a one year high of $8.87. The business’s 50 day simple moving average is $5.04 and its two-hundred day simple moving average is $5.80. The stock has a market capitalization of $579.08 million, a P/E ratio of 1.04 and a beta of 1.29.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Monday, March 2nd. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $2.19. Apartment Investment and Management had a return on equity of 9.05% and a net margin of 316.79%.The firm had revenue of $34.64 million during the quarter, compared to analyst estimates of $56.65 million. Analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current year.

Apartment Investment and Management Dividend Announcement

The company also recently declared a special dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $1.45 dividend. The ex-dividend date of this dividend was Friday, February 27th.

Hedge Funds Weigh In On Apartment Investment and Management

Several hedge funds and other institutional investors have recently modified their holdings of AIV. Quadrant Capital Group LLC boosted its holdings in shares of Apartment Investment and Management by 72.5% during the fourth quarter. Quadrant Capital Group LLC now owns 4,641 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 1,951 shares during the period. Parallel Advisors LLC increased its holdings in Apartment Investment and Management by 2,561.7% during the 4th quarter. Parallel Advisors LLC now owns 4,658 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 4,483 shares during the period. CWM LLC raised its position in Apartment Investment and Management by 163.7% during the 4th quarter. CWM LLC now owns 5,730 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 3,557 shares during the last quarter. Raymond James Financial Inc. bought a new position in Apartment Investment and Management during the 2nd quarter valued at approximately $59,000. Finally, Diversified Trust Co purchased a new stake in Apartment Investment and Management in the 3rd quarter worth approximately $82,000. 83.26% of the stock is owned by institutional investors.

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.