Associated Estates Realty Corp (NASDAQ:AEC – Get Free Report) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 77,195 shares, a growth of 164.9% from the May 31st total of 29,146 shares. Based on an average trading volume of 52,075 shares, the days-to-cover ratio is presently 1.5 days.
Institutional Investors Weigh In On Associated Estates Realty
Several hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP acquired a new position in shares of Associated Estates Realty during the fourth quarter worth approximately $528,000. Royal Bank of Canada grew its position in Associated Estates Realty by 641.5% in the 4th quarter. Royal Bank of Canada now owns 63,355 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 54,811 shares during the period. OLD Mission Capital LLC acquired a new stake in Associated Estates Realty in the 4th quarter valued at $181,000. Quadrature Capital Ltd acquired a new stake in Associated Estates Realty in the 4th quarter valued at $128,000. Finally, Millennium Management LLC bought a new stake in Associated Estates Realty during the 4th quarter valued at $128,000. Institutional investors own 85.42% of the company’s stock.
Associated Estates Realty Stock Performance
Associated Estates Realty stock traded up $0.42 during midday trading on Tuesday, reaching $4.50. The stock had a trading volume of 141,887 shares, compared to its average volume of 70,415. Associated Estates Realty has a 12 month low of $3.66 and a 12 month high of $12.49. The company has a fifty day moving average price of $4.69 and a two-hundred day moving average price of $5.72.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Associated Estates Realty
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.
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