Apartment Investment and Management (NYSE:AIV) Sees Large Decline in Short Interest

Apartment Investment and Management (NYSE:AIV - Get Free Report) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 3,080,000 shares, a drop of 7.8% from the October 15th total of 3,340,000 shares. Currently, 2.4% of the company's stock are short sold. Based on an average trading volume of 912,900 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Investors Weigh In On Apartment Investment and Management

A number of institutional investors have recently modified their holdings of the stock. Meros Investment Management LP boosted its stake in Apartment Investment and Management by 35.2% in the 3rd quarter. Meros Investment Management LP now owns 687,817 shares of the real estate investment trust's stock worth $6,218,000 after purchasing an additional 178,998 shares in the last quarter. Barclays PLC lifted its stake in shares of Apartment Investment and Management by 40.7% in the third quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust's stock worth $5,948,000 after buying an additional 190,440 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Apartment Investment and Management by 2.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 167,300 shares of the real estate investment trust's stock valued at $1,512,000 after buying an additional 3,600 shares during the last quarter. Rush Island Management LP purchased a new stake in shares of Apartment Investment and Management during the third quarter valued at approximately $15,999,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Apartment Investment and Management by 2.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 829,121 shares of the real estate investment trust's stock valued at $7,495,000 after acquiring an additional 21,088 shares in the last quarter. 83.26% of the stock is owned by hedge funds and other institutional investors.

Apartment Investment and Management Stock Up 2.2 %

NYSE AIV traded up $0.19 during trading hours on Monday, reaching $8.82. 936,601 shares of the company's stock traded hands, compared to its average volume of 969,106. Apartment Investment and Management has a 52-week low of $6.49 and a 52-week high of $9.48. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a 50-day simple moving average of $8.80 and a 200 day simple moving average of $8.59. The firm has a market cap of $1.25 billion, a PE ratio of -4.99 and a beta of 1.39.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last released 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). The business 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%. Sell-side analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

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.