Apartment Investment and Management (NYSE:AIV – Get Rating) was the recipient of a large decline in short interest in 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 trading volume, of 1,400,000 shares, the days-to-cover ratio is currently 5.7 days. Approximately 5.7% of the shares of the company are short sold.
Institutional Investors Weigh In On Apartment Investment and Management
Several institutional investors and hedge funds have recently made changes to their positions in AIV. Advisor Group Holdings Inc. boosted its stake in shares of Apartment Investment and Management by 25.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 9,826 shares of the real estate investment trust's stock valued at $147,000 after purchasing an additional 2,009 shares in the last quarter. Raymond James & Associates acquired a new position in Apartment Investment and Management during the 1st quarter worth about $115,000. Private Advisor Group LLC lifted its position in Apartment Investment and Management by 221.4% during the 1st quarter. Private Advisor Group LLC now owns 69,964 shares of the real estate investment trust's stock worth $512,000 after buying an additional 48,194 shares in the last quarter. AlphaCrest Capital Management LLC lifted its position in Apartment Investment and Management by 73.4% during the 1st quarter. AlphaCrest Capital Management LLC now owns 74,619 shares of the real estate investment trust's stock worth $546,000 after buying an additional 31,590 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in Apartment Investment and Management by 36.1% during the 1st quarter. MetLife Investment Management LLC now owns 70,993 shares of the real estate investment trust's stock worth $520,000 after buying an additional 18,828 shares in the last quarter. Institutional investors and hedge funds own 95.27% of the company's stock.
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Apartment Investment and Management Price Performance
Shares of NYSE:AIV traded up $0.29 on Wednesday, hitting $7.39. The stock had a trading volume of 35,644 shares, compared to its average volume of 971,519. Apartment Investment and Management has a twelve month low of $5.22 and a twelve month high of $9.79. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.80 and a current ratio of 1.80. The firm's 50 day moving average price is $7.73 and its 200-day moving average price is $7.79. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 3.94 and a beta of 1.16.
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on shares of Apartment Investment and Management in a report on Wednesday, October 12th. They issued a "hold" rating on the stock.
Apartment Investment and Management Company Profile
(Get Rating)
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.
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