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

Apartment Investment and Management (NYSE:AIV) was the target of a significant 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. Based on an average daily trading volume, of 830,300 shares, the short-interest ratio is presently 3.6 days. Approximately 2.3% of the company’s shares are short sold.

Apartment Investment and Management Price Performance

AIV opened at $9.09 on Thursday. The business has a fifty day moving average of $8.62 and a 200 day moving average of $8.71. The stock has a market cap of $1.28 billion, a P/E ratio of -5.25 and a beta of 1.39. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. Apartment Investment and Management has a 52-week low of $7.06 and a 52-week high of $9.48.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The company had revenue of $53.16 million for 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, sell-side analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current year.

Apartment Investment and Management Announces Dividend

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

Institutional Trading of Apartment Investment and Management

Several institutional investors and hedge funds have recently modified their holdings of AIV. Quarry LP bought a new stake in shares of Apartment Investment and Management in the second quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Apartment Investment and Management during the 2nd quarter valued at about $45,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Apartment Investment and Management by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,305 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Apartment Investment and Management in the 2nd quarter worth approximately $104,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Apartment Investment and Management during the third quarter valued at approximately $105,000. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Company Profile

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.