Investors are a little more bearish on shares of the company at least if you consider the increase in short interest. The company realized a rise in short interest of 6.69% as of October 13, 2017 from the last reporting period. Short shares increased from 3,829,366 to 4,085,492 over that timeframe. The days to cover increased to 6.0 and the short interest percentage is 0.03% as of October 13.
Apartment Investment and Manage (NYSE:AIV) has been the object of insider selling activity recently. Keith M. Kimmel, EVP let go of $460,000 worth of shares at an average price of $46.00 on August 23rd. That brings the EVP’s holdings to $1,310,126 per an SEC filing yesterday.
Here are a few substantial investment firms who have updated their positions. Raymond James Financial Services Advisors, Inc. reduced its stake by selling 21,052 shares a decrease of 37.3% from 06/30/2017 to 09/30/2017. Raymond James Financial Services Advisors, Inc. claims 35,367 shares worth $1,551,000. The value of the position overall is down by 36.0%. Aperio Group, LLC bolstered its investment by buying 4,676 shares an increase of 10.5% as of 09/30/2017. Aperio Group, LLC currently owns 49,411 shares with a value of $2,167,000. The total value of its holdings increased 12.7%.
Green Street Investors, LLC trimmed its position by selling 3,400 shares a decrease of 2.4%. Green Street Investors, LLC controls 138,100 shares valued at $6,057,000. The total value of its holdings decreased 0.4%. Simplex Trading, LLC downsized its holdings by shedding 3,876 shares a decrease of 94.2% in the quarter. Simplex Trading, LLC now controls 240 shares with a value of $10,000. The value of the position overall is down by 94.3%.
On July 18 Barclays maintained a company rating of “Overweight” and lowered the price target to $47.00 from $48.00.
In the market the company is trading down by 0.50% percent from yesterday’s close. Additionally the company recently declared a dividend for shareholders payable on Thursday the 30th of November 2017. The dividend payment will be $0.360 per share for the quarter which is $1.44 annualized. This dividend amount will represent a yield of $3.25. The ex-dividend date is Wednesday the 16th of August 2017.
Shares are trading at $43.98 which is a tad under $44.52, the 50 day moving average and barely below the 200 day moving average of $44.27. The 50 day moving average went down by -1.20% and the 200 day average went down by -0.66%.
Apartment Investment and Manage’s P/E ratio is 34.63 and market capitalization is 6.91B. In the latest earnings report the EPS was $1.27 and is estimated to be $0.40 for the current year with 157,022,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.12 and the next full year EPS is projected to be $0.54.
Apartment Investment and Management Company (Aimco), launched on January 10, 1994, is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc. and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. The Company operates through two segments: conventional real estate and affordable real estate. As of December 31, 2016, its real estate portfolio consisted of 189 apartment communities with 46,311 apartment homes. Aimco Operating Partnership conducts the Business’s business, which is focused on the ownership, management, redevelopment and limited development of apartment communities located in the coastal and job growth markets of the United States..