Analysts Anticipate Apartment Investment and Management Co (AIV) Will Post Quarterly Sales of $243.71 Million

Brokerages predict that Apartment Investment and Management Co (NYSE:AIV) will announce sales of $243.71 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Apartment Investment and Management’s earnings, with the lowest sales estimate coming in at $236.90 million and the highest estimate coming in at $251.48 million. Apartment Investment and Management reported sales of $246.48 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.1%. The company is expected to announce its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that Apartment Investment and Management will report full-year sales of $243.71 million for the current fiscal year, with estimates ranging from $960.80 million to $1.02 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.02 billion per share, with estimates ranging from $986.00 million to $1.04 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Apartment Investment and Management.

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Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, February 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The company had revenue of $250.23 million during the quarter, compared to analysts’ expectations of $243.24 million. Apartment Investment and Management had a return on equity of 21.25% and a net margin of 31.19%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 EPS.

AIV has been the topic of several recent analyst reports. SunTrust Banks set a $44.00 price target on Apartment Investment and Management and gave the company a “buy” rating in a research note on Friday, March 2nd. Zacks Investment Research lowered Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Barclays reaffirmed a “buy” rating and issued a $48.00 price target on shares of Apartment Investment and Management in a research note on Tuesday, March 13th. Robert W. Baird reaffirmed a “hold” rating and issued a $42.00 price target on shares of Apartment Investment and Management in a research note on Tuesday, January 9th. Finally, Raymond James Financial lowered Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $52.00 to $50.00 in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $46.55.

Shares of Apartment Investment and Management (NYSE AIV) traded down $0.39 during trading hours on Friday, reaching $40.07. The company’s stock had a trading volume of 1,318,681 shares, compared to its average volume of 1,222,103. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.67. The stock has a market cap of $6,401.77, a PE ratio of 20.75, a P/E/G ratio of 2.84 and a beta of 0.47. Apartment Investment and Management has a 12 month low of $37.97 and a 12 month high of $46.72.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Thursday, February 15th. This is a positive change from Apartment Investment and Management’s previous quarterly dividend of $0.36. Apartment Investment and Management’s dividend payout ratio is 77.95%.

In related news, EVP Lisa R. Cohn sold 831 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $42.38, for a total transaction of $35,217.78. Following the transaction, the executive vice president now owns 53,071 shares of the company’s stock, valued at approximately $2,249,148.98. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Miles Cortez sold 2,587 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $41.90, for a total value of $108,395.30. Following the transaction, the executive vice president now directly owns 102,456 shares in the company, valued at approximately $4,292,906.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,970 shares of company stock worth $641,143. 1.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vident Investment Advisory LLC acquired a new position in Apartment Investment and Management during the 3rd quarter worth about $202,000. Zeke Capital Advisors LLC acquired a new stake in Apartment Investment and Management in the 4th quarter valued at about $210,000. Allianz Asset Management GmbH acquired a new stake in Apartment Investment and Management in the 4th quarter valued at about $266,000. MANA Advisors LLC acquired a new stake in Apartment Investment and Management in the 4th quarter valued at about $288,000. Finally, Ellington Management Group LLC acquired a new stake in Apartment Investment and Management in the 4th quarter valued at about $345,000. 98.30% of the stock is currently owned by hedge funds and other institutional investors.

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Apartment Investment and Management Company Profile

Apartment Investment and Management Company (Aimco) 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. It operates through two segments: conventional real estate and affordable real estate.

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Earnings History and Estimates for Apartment Investment and Management (NYSE:AIV)

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