Apartment Investment and Management (NYSE:AIV) Short Interest Up 6.1% in December

Apartment Investment and Management (NYSE:AIV) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,960,000 shares, a growth of 6.1% from the November 30th total of 2,790,000 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average trading volume of 830,300 shares, the short-interest ratio is presently 3.6 days.

Apartment Investment and Management Price Performance

Shares of Apartment Investment and Management stock opened at $9.09 on Wednesday. The firm has a market cap of $1.28 billion, a P/E ratio of -5.25 and a beta of 1.39. The firm’s 50-day simple moving average is $8.61 and its 200-day simple moving average is $8.71. Apartment Investment and Management has a twelve month low of $7.06 and a twelve month high of $9.48. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The company had revenue of $53.16 million during the quarter. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. As a group, research analysts expect that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Apartment Investment and Management Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be issued a dividend of $0.60 per share. The ex-dividend date is Tuesday, January 14th. Apartment Investment and Management’s payout ratio is presently -58.38%.

Institutional Investors Weigh In On Apartment Investment and Management

Several large investors have recently made changes to their positions in AIV. Algert Global LLC boosted its position in Apartment Investment and Management by 570.7% in the third quarter. Algert Global LLC now owns 87,860 shares of the real estate investment trust’s stock valued at $794,000 after buying an additional 74,760 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Apartment Investment and Management by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,842,853 shares of the real estate investment trust’s stock worth $16,659,000 after acquiring an additional 44,668 shares in the last quarter. Barclays PLC grew its position in Apartment Investment and Management by 40.7% during the 3rd quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust’s stock worth $5,948,000 after acquiring an additional 190,440 shares during the last quarter. FMR LLC increased its holdings in Apartment Investment and Management by 39.8% during the 3rd quarter. FMR LLC now owns 15,438 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 4,399 shares in the last quarter. Finally, Quest Partners LLC raised its position in Apartment Investment and Management by 354.8% in the 2nd quarter. Quest Partners LLC now owns 220,350 shares of the real estate investment trust’s stock valued at $1,827,000 after purchasing an additional 171,905 shares during the last quarter. Institutional investors own 83.26% of the company’s stock.

About Apartment Investment and Management

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco’s mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.