Short Interest in Apartment Investment and Management Company (NYSE:AIV) Declines By 16.3%

Apartment Investment and Management Company (NYSE:AIV) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 2,649,880 shares, a decline of 16.3% from the March 31st total of 3,166,420 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average trading volume of 1,495,837 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of Apartment Investment and Management

Several hedge funds have recently made changes to their positions in the business. Newtyn Management LLC lifted its position in shares of Apartment Investment and Management by 49.5% during the third quarter. Newtyn Management LLC now owns 7,761,846 shares of the real estate investment trust’s stock worth $61,551,000 after purchasing an additional 2,571,374 shares in the last quarter. Silver Point Capital L.P. acquired a new stake in shares of Apartment Investment and Management during the fourth quarter worth about $43,995,000. Irenic Capital Management LP acquired a new stake in shares of Apartment Investment and Management during the fourth quarter worth about $23,109,000. Geode Capital Management LLC lifted its position in shares of Apartment Investment and Management by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 3,382,389 shares of the real estate investment trust’s stock worth $20,091,000 after purchasing an additional 52,760 shares in the last quarter. Finally, Argosy Lionbridge Management LLC lifted its position in shares of Apartment Investment and Management by 8.2% during the third quarter. Argosy Lionbridge Management LLC now owns 2,913,134 shares of the real estate investment trust’s stock worth $23,101,000 after purchasing an additional 220,481 shares in the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.00.

Apartment Investment and Management Trading Up 0.4%

NYSE AIV traded up $0.02 during trading hours on Friday, reaching $4.27. The company had a trading volume of 1,477,117 shares, compared to its average volume of 1,355,179. The stock has a 50-day moving average of $4.32 and a 200 day moving average of $5.29. Apartment Investment and Management has a 1-year low of $3.93 and a 1-year high of $8.87. The company has a current ratio of 3.46, a quick ratio of 3.46 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $613.56 million, a P/E ratio of 1.10 and a beta of 1.20.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Monday, March 2nd. The real estate investment trust reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $2.19. Apartment Investment and Management had a net margin of 316.79% and a return on equity of 9.05%. The company had revenue of $34.64 million for the quarter, compared to analysts’ expectations of $56.65 million.

Apartment Investment and Management Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Friday, May 15th will be given a dividend of $1.30 per share.

Apartment Investment and Management Company Profile

Apartment Investment and Management Company (NYSE:AIV), commonly known as Aimco, is a real estate investment trust focused on the ownership and operation of multifamily residential communities in the United States. The company acquires, develops and manages apartment properties that offer a range of living environments—from urban high-rise buildings to garden-style communities. Aimco’s core business includes leasing apartments, providing on-site services and amenities, and overseeing property maintenance to drive occupancy and resident satisfaction.

Founded in 1994 as part of GMAC Residential, Aimco became a publicly traded REIT with headquarters in Denver, Colorado.