Apartment Investment and Management Company (NYSE:AIV) Sees Significant Decline in Short Interest

Key Points

• Short interest fell 13.4% to 2,915,443 shares as of March 13 (about 2.1% of shares sold short), with a days-to-cover ratio of roughly 1.0, signaling reduced bearish positioning.
• Q1 results and stock metrics: Aimco reported $2.08 EPS versus a -$0.11 consensus (a $2.19 beat) despite revenue of $34.64M missing estimates, and the stock trades near a 52‑week low (~$3.99) with a market cap of ~$573M and a PE around 1.0.
• Capital returns and ownership: The company paid a special $1.45 dividend on March 13 (ex‑dividend Feb 27) and is highly institutionally owned (~83%), with large stake increases from firms like Newtyn Management.

Apartment Investment and Management Company (NYSE:AIV - Get Free Report) saw a significant decline in short interest in March. As of March 13th, there was short interest totaling 2,915,443 shares, a decline of 13.4% from the February 26th total of 3,366,174 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily volume of 2,781,666 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On Apartment Investment and Management

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Newtyn Management LLC raised its position in Apartment Investment and Management by 49.5% in the 3rd quarter. Newtyn Management LLC now owns 7,761,846 shares of the real estate investment trust's stock valued at $61,551,000 after purchasing an additional 2,571,374 shares during the last quarter. Silver Point Capital L.P. bought a new stake in shares of Apartment Investment and Management during the fourth quarter worth $43,995,000. Irenic Capital Management LP acquired a new stake in shares of Apartment Investment and Management in the fourth quarter valued at $23,109,000. Geode Capital Management LLC increased its stake in shares of Apartment Investment and Management by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 3,382,389 shares of the real estate investment trust's stock valued at $20,091,000 after buying an additional 52,760 shares in the last quarter. Finally, Argosy Lionbridge Management LLC raised its holdings in shares of Apartment Investment and Management by 8.2% in the third quarter. Argosy Lionbridge Management LLC now owns 2,913,134 shares of the real estate investment trust's stock valued at $23,101,000 after buying an additional 220,481 shares during the last quarter. 83.26% of the stock is owned by institutional investors and hedge funds.

Apartment Investment and Management Stock Up 0.9%

Shares of NYSE:AIV opened at $3.99 on Tuesday. The company's fifty day moving average is $5.12 and its 200-day moving average is $5.84. The company has a debt-to-equity ratio of 1.87, a quick ratio of 3.46 and a current ratio of 3.46. Apartment Investment and Management has a 52 week low of $3.93 and a 52 week high of $8.89. The company has a market capitalization of $573.32 million, a PE ratio of 1.03 and a beta of 1.35.

Apartment Investment and Management (NYSE:AIV - Get Free Report) last announced its earnings results on Monday, March 2nd. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.11) by $2.19. The business had revenue of $34.64 million during the quarter, compared to analysts' expectations of $56.65 million. Apartment Investment and Management had a net margin of 316.79% and a return on equity of 9.05%. Equities research analysts predict that Apartment Investment and Management will post -0.8 earnings per share for the current fiscal year.

Apartment Investment and Management Dividend Announcement

The firm also recently announced a special dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a $1.45 dividend. The ex-dividend date of this dividend was Friday, February 27th. Apartment Investment and Management's payout ratio is presently 26.03%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (d+)" rating on shares of Apartment Investment and Management in a research note on Friday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Apartment Investment and Management presently has an average rating of "Hold" and an average target price of $10.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.