Large Inflow of Money Detected in Apartment Investment and Management Company

Apartment Investment and Management Company (AIV) : Wednesdays money flow data in Apartment Investment and Management Company (AIV) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $8.23 million, whereas, $5.14 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.6, in favor of the bulls. The total money flow into the stock was $3.09 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $3.47 million. The total value of block trades done on upticks was $3.47 million. Apartment Investment and Management Company (AIV) fell $0.25 and traded at $45.09, down -0.55% for the day, over previous days close. On a weekly basis, the shares are -0.92% over the previous weeks close.

Apartment

Also, Equity analysts at the Brokerage firm UBS upgrades its rating on Apartment Investment and Management Company (NYSE:AIV). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on July 1, 2016.

Apartment Investment and Management Company (NYSE:AIV): The stock opened at $45.33 on Wednesday but the bulls could not build on the opening and the stock topped out at $45.38 for the day. The stock traded down to $44.90 during the day, due to lack of any buying support eventually closed down at $45.09 with a loss of -0.55% for the day. The stock had closed at $45.34 on the previous day. The total traded volume was 818,000 shares.

The stock has recorded a 20-day Moving Average of 2.02% and the 50-Day Moving Average is 5.73%. In a related news, The Securities and Exchange Commission has divulged that Fielding Patti K, Officer (Executive Vice President) of APARTMENT INVESTMENT & MANAGEMENT CO, had unloaded 10,000 shares at an average price of $43 in a transaction dated on June 29, 2016. The total value of the transaction was worth $430,000.

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). The Company operates through two segments: conventional real estate and affordable real estate. As of December 31, 2014, the Companys conventional portfolio consisted of 144 apartment communities with 43,393 apartment homes in , which it held an average ownership of approximately 97%. It also operates a portfolio of affordable apartment communities, which consists of apartments with rents that are generally paid, in whole or part, by a government agency. As of December 31, 2014, its affordable portfolio consisted of 59 apartment communities with 8,943 apartment homes in , which it held an average ownership of approximately 93%. Aimco, through its wholly owned subsidiaries, AIMCO-GP, Inc. and AIMCO-LP Trust, owns the ownership interests in the Aimco Operating Partnership.

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