Apartment Investment and Management (NYSE:AIV – Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,960,000 shares, an increase of 6.1% from the November 30th total of 2,790,000 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 830,300 shares, the short-interest ratio is presently 3.6 days.
Institutional Trading of Apartment Investment and Management
Hedge funds have recently bought and sold shares of the stock. Quarry LP acquired a new stake in shares of Apartment Investment and Management in the 2nd quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Apartment Investment and Management in the 2nd quarter valued at $45,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Apartment Investment and Management by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,059 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,305 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Apartment Investment and Management during the 2nd quarter worth about $104,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Apartment Investment and Management in the 3rd quarter valued at about $105,000. 83.26% of the stock is currently owned by institutional investors and hedge funds.
Apartment Investment and Management Trading Down 0.4 %
Shares of NYSE AIV opened at $9.05 on Friday. Apartment Investment and Management has a fifty-two week low of $7.06 and a fifty-two week high of $9.48. The firm has a market capitalization of $1.28 billion, a P/E ratio of -5.23 and a beta of 1.39. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.35 and a quick ratio of 1.35. The company’s 50 day simple moving average is $8.63 and its 200 day simple moving average is $8.72.
Apartment Investment and Management Announces Dividend
The firm also recently declared a special dividend, which will be paid on Friday, January 31st. Shareholders of record on Tuesday, January 14th will be issued a $0.60 dividend. The ex-dividend date is Tuesday, January 14th. Apartment Investment and Management’s dividend payout ratio (DPR) is currently -58.38%.
About Apartment Investment and Management
Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco’s mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.
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