Apartment Investment and Management (NYSE:AIV – Get Rating) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 8,640,000 shares, a growth of 5.4% from the December 31st total of 8,200,000 shares. Approximately 6.2% of the shares of the company are sold short. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is currently 7.3 days.
Apartment Investment and Management Trading Up 2.2 %
Shares of AIV stock opened at $7.51 on Wednesday. The business's 50 day moving average is $7.65 and its two-hundred day moving average is $7.92. Apartment Investment and Management has a twelve month low of $5.22 and a twelve month high of $9.79. The company has a market capitalization of $1.14 billion, a P/E ratio of 4.17 and a beta of 1.16. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.10.
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Institutional Trading of Apartment Investment and Management
A number of institutional investors have recently modified their holdings of AIV. Lazard Asset Management LLC purchased a new stake in shares of Apartment Investment and Management in the third quarter valued at approximately $25,000. Ensign Peak Advisors Inc purchased a new stake in Apartment Investment and Management during the third quarter worth $30,000. Captrust Financial Advisors purchased a new stake in Apartment Investment and Management during the second quarter worth $30,000. Lee Financial Co purchased a new stake in Apartment Investment and Management during the second quarter worth $64,000. Finally, Mackenzie Financial Corp purchased a new stake in Apartment Investment and Management during the second quarter worth $68,000. 95.27% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on Apartment Investment and Management in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock.
About Apartment Investment and Management
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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 by Terry Considine in 1975 and is headquartered in Denver, CO.
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