Large Inflow of Money Detected in Apartment Investment and Management Company

Apartment Investment and Management Company (AIV): $2.77 million was the positive money flow into the stock on Tuesday and the up/down ratio of ticks was also in favor of the bulls at 1.74. The value of trades done on upticks was $6.53 million, whereas, trades done on downticks were valued at $3.76 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $2.84 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $2.84 million. Apartment Investment and Management Company (AIV) fell $0.34 traded at $44.81, a change of -0.75% over the previous day. The stock is 1.06% for the week.

Apartment

Also, Major Brokerage house, Canaccord Genuity maintains its ratings on Apartment Investment and Management Company (NYSE:AIV). In the latest research report, Canaccord Genuity raises the target price from $41 per share to $47 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on August 2, 2016.

Shares of Apartment Investment and Management Company appreciated by 1.38% during the last five trading days but lost 1.9% on a 4-week basis. Apartment Investment and Management Company is up 7.89% in the last 3-month period. Year-to-Date the stock performance stands at 14.8%.

Apartment Investment and Management Company (NYSE:AIV): The stock opened at $45.10 on Tuesday but the bulls could not build on the opening and the stock topped out at $45.10 for the day. The stock traded down to $44.14 during the day, due to lack of any buying support eventually closed down at $44.85 with a loss of -0.66% for the day. The stock had closed at $45.15 on the previous day. The total traded volume was 1,608,679 shares.

In a related news, The Securities and Exchange Commission has divulged that Beldin Paul, officer (Executive Vice President – CFO) of Apartment Investment & Management Co, had unloaded 4,218 shares at an average price of $45.67 in a transaction dated on August 15, 2016. The total value of the transaction was worth $192,636.

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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