Associated Estates Realty Corp (NASDAQ:AEC – Get Free Report) shares were up 1.1% during trading on Thursday . The company traded as high as $5.65 and last traded at $5.53. Approximately 40,757 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 85,329 shares. The stock had previously closed at $5.47.
Analyst Ratings Changes
Separately, Weiss Ratings started coverage on shares of Associated Estates Realty in a research report on Wednesday. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Associated Estates Realty presently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on AEC
Associated Estates Realty Stock Performance
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Canton Hathaway LLC bought a new position in Associated Estates Realty during the third quarter worth $79,000. Themes Management Co LLC bought a new position in Associated Estates Realty during the fourth quarter worth $58,000. XTX Topco Ltd bought a new position in Associated Estates Realty during the fourth quarter worth $76,000. Geode Capital Management LLC bought a new position in Associated Estates Realty during the fourth quarter worth $93,000. Finally, Fifth Lane Capital LP bought a new position in Associated Estates Realty during the third quarter worth $202,000. 85.42% of the stock is owned by institutional investors.
About Associated Estates Realty
Associated Estates Realty Corporation is a self-administered and self-managed equity real estate investment trust (REIT). The Company is engaged primarily in the ownership and operation of multifamily apartment units. It specializes in multifamily ownership, operation, acquisition, development, disposition and property management activities. Its operating portfolio consists of approximately 49 apartment communities containing around 12,734 units in eight states that are owned, either directly or indirectly, through its subsidiaries.
Further Reading
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