Apartment Investment and Management Company (NYSE:AIV) Short Interest Up 20.1% in December

Apartment Investment and Management Company (NYSE:AIV) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 5,750,235 shares, an increase of 20.1% from the December 15th total of 4,787,684 shares. Approximately 4.1% of the shares of the stock are sold short. Based on an average daily volume of 2,515,592 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily volume of 2,515,592 shares, the days-to-cover ratio is presently 2.3 days. Approximately 4.1% of the shares of the stock are sold short.

Apartment Investment and Management Trading Down 0.8%

AIV stock traded down $0.05 during midday trading on Tuesday, reaching $5.90. 573,157 shares of the company traded hands, compared to its average volume of 1,605,156. The firm has a market capitalization of $849.33 million, a price-to-earnings ratio of 3.43 and a beta of 1.38. Apartment Investment and Management has a 52-week low of $5.24 and a 52-week high of $9.29. The business has a 50 day moving average of $5.76 and a 200-day moving average of $6.92. The company has a debt-to-equity ratio of 8.00, a quick ratio of 4.97 and a current ratio of 4.97.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Apartment Investment and Management in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.00.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Aberdeen Group plc raised its position in Apartment Investment and Management by 9.7% in the 4th quarter. Aberdeen Group plc now owns 53,135 shares of the real estate investment trust’s stock worth $316,000 after purchasing an additional 4,689 shares during the period. SG Americas Securities LLC lifted its stake in shares of Apartment Investment and Management by 199.7% during the 4th quarter. SG Americas Securities LLC now owns 116,551 shares of the real estate investment trust’s stock worth $692,000 after acquiring an additional 77,656 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Apartment Investment and Management by 40.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 666,654 shares of the real estate investment trust’s stock valued at $5,287,000 after acquiring an additional 190,738 shares during the period. Tudor Investment Corp ET AL boosted its holdings in Apartment Investment and Management by 77.2% during the 3rd quarter. Tudor Investment Corp ET AL now owns 460,953 shares of the real estate investment trust’s stock valued at $3,655,000 after acquiring an additional 200,879 shares during the period. Finally, FNY Investment Advisers LLC bought a new position in Apartment Investment and Management in the 3rd quarter valued at $158,000. Institutional investors own 83.26% of the company’s stock.

About Apartment Investment and Management

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.