Short Interest in Apartment Investment and Management (NYSE:AIV) Increases By 6.1%

Apartment Investment and Management (NYSE:AIV - Get Free Report) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 2,960,000 shares, an increase of 6.1% from the November 30th total of 2,790,000 shares. Based on an average trading volume of 830,300 shares, the days-to-cover ratio is currently 3.6 days. Approximately 2.3% of the company's shares are sold short.

Institutional Inflows and Outflows

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

Apartment Investment and Management Trading Up 8.3 %

Shares of AIV stock traded up $0.70 during trading hours on Wednesday, hitting $9.09. 2,565,654 shares of the company's stock traded hands, compared to its average volume of 946,617. The stock has a market cap of $1.28 billion, a PE ratio of -5.25 and a beta of 1.39. The stock's 50 day simple moving average is $8.62 and its 200 day simple moving average is $8.71. 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 12 month low of $7.06 and a 12 month high of $9.48.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its earnings results on Thursday, November 7th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The company had revenue of $53.16 million for the quarter. On average, 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. Investors of record on Tuesday, January 14th will be issued a $0.60 dividend. The ex-dividend date is Tuesday, January 14th. Apartment Investment and Management's payout ratio is presently -58.38%.

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.