Apartment Investment and Management (NYSE:AIV – Get Rating) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 7,990,000 shares, a decline of 7.9% from the November 30th total of 8,680,000 shares. Based on an average daily volume of 1,400,000 shares, the days-to-cover ratio is presently 5.7 days. Currently, 5.7% of the company's shares are sold short.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on Apartment Investment and Management in a research report on Wednesday, October 12th. They issued a "hold" rating on the stock.
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Hedge Funds Weigh In On Apartment Investment and Management
Hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC bought a new position in Apartment Investment and Management in the 3rd quarter valued at $25,000. Ensign Peak Advisors Inc purchased a new stake in shares of Apartment Investment and Management in the 3rd quarter worth $30,000. Captrust Financial Advisors purchased a new stake in shares of Apartment Investment and Management in the 2nd quarter worth $30,000. Lee Financial Co purchased a new stake in shares of Apartment Investment and Management in the 2nd quarter worth $64,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Apartment Investment and Management in the 2nd quarter worth $68,000. Institutional investors own 95.27% of the company's stock.
Apartment Investment and Management Stock Performance
Shares of Apartment Investment and Management stock opened at $7.12 on Tuesday. The stock's fifty day moving average is $7.74 and its two-hundred day moving average is $7.78. The company has a market capitalization of $1.08 billion, a PE ratio of 3.96 and a beta of 1.16. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.10. Apartment Investment and Management has a 52 week low of $5.22 and a 52 week high of $9.79.
Apartment Investment and Management Company Profile
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Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco's mission is to make real estate investments where outcomes are enhanced through human capital and substantial value is created for investors, teammates, and the communities in which we operate.
Further Reading
- Get a free copy of the StockNews.com research report on Apartment Investment and Management (AIV)
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