Short Interest in Apartment Investment and Management (NYSE:AIV) Drops By 5.8%

Apartment Investment and Management (NYSE:AIV - Get Free Report) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 2,900,000 shares, a decline of 5.8% from the October 31st total of 3,080,000 shares. Approximately 2.2% of the company's shares are sold short. Based on an average daily volume of 912,900 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Trading of Apartment Investment and Management

Institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Apartment Investment and Management by 9.9% during the second quarter. Millennium Management LLC now owns 6,001,979 shares of the real estate investment trust's stock worth $49,756,000 after purchasing an additional 538,330 shares during the last quarter. DigitalBridge Group Inc. lifted its holdings in Apartment Investment and Management by 20.1% during the 2nd quarter. DigitalBridge Group Inc. now owns 1,893,949 shares of the real estate investment trust's stock valued at $15,701,000 after buying an additional 316,790 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Apartment Investment and Management by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,878,033 shares of the real estate investment trust's stock valued at $15,568,000 after buying an additional 9,646 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 valued at $16,659,000 after buying an additional 44,668 shares during the period. Finally, Rush Island Management LP bought a new position in Apartment Investment and Management in the 3rd quarter worth about $15,999,000. Institutional investors own 83.26% of the company's stock.

Apartment Investment and Management Trading Down 1.7 %

Shares of NYSE AIV traded down $0.15 during trading hours on Tuesday, hitting $8.73. 555,933 shares of the company traded hands, compared to its average volume of 777,138. The company's 50 day moving average price is $8.73 and its 200 day moving average price is $8.65. Apartment Investment and Management has a 12 month low of $7.05 and a 12 month high of $9.48. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -5.05 and a beta of 1.39. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.28.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.05). The firm 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%. On average, equities research analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

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.