Apartment Investment and Management (NYSE:AIV) Sees Significant Increase in Short Interest

Apartment Investment and Management (NYSE:AIV - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 5,440,000 shares, a growth of 23.6% from the January 31st total of 4,400,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is presently 5.3 days. Approximately 4.2% of the company's shares are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in 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 buying an additional 1,305 shares during the period. Headlands Technologies LLC acquired a new position in Apartment Investment and Management in the 4th quarter valued at approximately $55,000. Point72 Asset Management L.P. acquired a new position in Apartment Investment and Management in the 4th quarter valued at approximately $77,000. Xponance Inc. acquired a new position in Apartment Investment and Management in the 4th quarter valued at approximately $93,000. Finally, Cerity Partners LLC acquired a new position in Apartment Investment and Management in the 4th quarter valued at approximately $94,000. Institutional investors and hedge funds own 83.26% of the company's stock.

Apartment Investment and Management Trading Down 0.7 %

Shares of AIV stock traded down $0.07 during trading hours on Friday, reaching $8.81. 1,135,511 shares of the stock traded hands, compared to its average volume of 1,180,600. Apartment Investment and Management has a 1-year low of $7.31 and a 1-year high of $9.48. The business has a fifty day moving average price of $8.93 and a 200 day moving average price of $8.83. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.28. The firm has a market capitalization of $1.25 billion, a PE ratio of -5.09 and a beta of 1.40.

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Apartment Investment and Management (NYSE:AIV - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.12) by $0.04. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. The business had revenue of $54.17 million for the quarter, compared to analyst estimates of $53.11 million. On average, equities research analysts forecast that Apartment Investment and Management will post -0.8 EPS for the current year.

Apartment Investment and Management Announces Dividend

The business also recently disclosed a special dividend, which was paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. Apartment Investment and Management's dividend payout ratio is presently -136.49%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Apartment Investment and Management from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th.

Apartment Investment and Management Company Profile

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.