Apartment Investment and Management (NYSE:AIV) Short Interest Up 23.6% in February

Apartment Investment and Management (NYSE:AIV) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 5,440,000 shares, a growth of 23.6% from the January 31st total of 4,400,000 shares. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is currently 5.3 days. Approximately 4.2% of the company’s stock are short sold.

Apartment Investment and Management Stock Up 1.5 %

Apartment Investment and Management stock traded up $0.14 during mid-day trading on Wednesday, reaching $9.04. 858,205 shares of the company were exchanged, compared to its average volume of 1,190,895. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $1.28 billion, a P/E ratio of -5.22 and a beta of 1.38. The business has a fifty day moving average of $8.89 and a 200 day moving average of $8.83. Apartment Investment and Management has a 12-month low of $7.31 and a 12-month high of $9.48.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. Apartment Investment and Management had a negative return on equity of 68.04% and a negative net margin of 119.76%. The firm had revenue of $54.17 million during the quarter, compared to analysts’ expectations of $53.11 million. Research analysts anticipate that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Announces Dividend

The company also recently disclosed a special dividend, which was paid on Friday, January 31st. Stockholders of record on Tuesday, January 14th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. Apartment Investment and Management’s payout ratio is currently -136.49%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Apartment Investment and Management by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,305 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Apartment Investment and Management during the 4th quarter valued at $55,000. Point72 Asset Management L.P. acquired a new stake in shares of Apartment Investment and Management in the 4th quarter worth $77,000. Xponance Inc. purchased a new position in Apartment Investment and Management during the 4th quarter worth $93,000. Finally, Cerity Partners LLC acquired a new position in Apartment Investment and Management during the 4th quarter valued at about $94,000. Institutional investors own 83.26% of the company’s stock.

About Apartment Investment and Management

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 in 1975 and is headquartered in Denver, CO.