Apartment Investment and Management Company (NYSE:AIV) Short Interest Update

Apartment Investment and Management Company (NYSE:AIV) was the target of a large increase in short interest during the month of 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. Based on an average daily volume of 2,515,592 shares, the short-interest ratio is presently 2.3 days. Currently, 4.1% of the company’s stock are short sold. Currently, 4.1% of the company’s stock are short sold. Based on an average daily volume of 2,515,592 shares, the short-interest ratio is presently 2.3 days.

Institutional Investors Weigh In On Apartment Investment and Management

Large investors have recently made changes to their positions in the company. Teacher Retirement System of Texas raised its stake in shares of Apartment Investment and Management by 8.3% in the second quarter. Teacher Retirement System of Texas now owns 21,189 shares of the real estate investment trust’s stock valued at $183,000 after acquiring an additional 1,631 shares during the period. Creative Planning grew its holdings in Apartment Investment and Management by 16.4% during the 2nd quarter. Creative Planning now owns 12,162 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 1,712 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Apartment Investment and Management by 4.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 46,591 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 1,864 shares during the period. Amundi lifted its stake in Apartment Investment and Management by 3.6% in the third quarter. Amundi now owns 69,627 shares of the real estate investment trust’s stock worth $537,000 after purchasing an additional 2,396 shares during the last quarter. Finally, Worth Venture Partners LLC boosted its position in shares of Apartment Investment and Management by 10.1% during the third quarter. Worth Venture Partners LLC now owns 30,400 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 2,800 shares during the period. 83.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Apartment Investment and Management in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.00.

Apartment Investment and Management Price Performance

NYSE AIV opened at $5.90 on Wednesday. The stock has a market capitalization of $849.35 million, a price-to-earnings ratio of 3.43 and a beta of 1.38. Apartment Investment and Management has a 1-year low of $5.24 and a 1-year high of $9.29. The company has a debt-to-equity ratio of 8.00, a current ratio of 4.97 and a quick ratio of 4.97. The business’s fifty day moving average price is $5.77 and its 200-day moving average price is $6.90.

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.