Apartment Investment and Management Co (AIV) Expected to Announce Earnings of $0.61 Per Share

Equities analysts predict that Apartment Investment and Management Co (NYSE:AIV) will announce earnings of $0.61 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Apartment Investment and Management’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.59. Apartment Investment and Management reported earnings of $0.63 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.2%. The business is scheduled to issue its next quarterly earnings results after the market closes on Thursday, November 1st.

According to Zacks, analysts expect that Apartment Investment and Management will report full year earnings of $2.44 per share for the current year, with EPS estimates ranging from $2.41 to $2.45. For the next year, analysts expect that the firm will report earnings of $2.53 per share, with EPS estimates ranging from $2.47 to $2.58. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Apartment Investment and Management.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.60). Apartment Investment and Management had a return on equity of 25.11% and a net margin of 36.78%. The company had revenue of $250.13 million during the quarter, compared to analyst estimates of $242.93 million. During the same period last year, the company posted $0.61 earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year.

AIV has been the topic of a number of research reports. Mizuho reaffirmed a “hold” rating and issued a $44.00 price target on shares of Apartment Investment and Management in a research note on Monday, August 6th. Jefferies Financial Group increased their target price on shares of Apartment Investment and Management from $42.00 to $46.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. SunTrust Banks reissued a “buy” rating and set a $45.00 target price on shares of Apartment Investment and Management in a research report on Wednesday, June 27th. Zacks Investment Research raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Finally, BMO Capital Markets reissued a “hold” rating and set a $44.00 target price on shares of Apartment Investment and Management in a research report on Thursday, July 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $45.75.

In other Apartment Investment and Management news, insider Keith M. Kimmel sold 25,000 shares of the stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $43.21, for a total transaction of $1,080,250.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Quad Cities Investment Group LLC bought a new stake in Apartment Investment and Management during the second quarter valued at about $150,000. Advisors Asset Management Inc. boosted its holdings in Apartment Investment and Management by 114.5% during the second quarter. Advisors Asset Management Inc. now owns 4,122 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 2,200 shares during the period. Shine Investment Advisory Services Inc. boosted its holdings in Apartment Investment and Management by 104.8% during the second quarter. Shine Investment Advisory Services Inc. now owns 4,690 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 2,400 shares during the period. Carret Asset Management LLC bought a new stake in Apartment Investment and Management during the second quarter valued at about $206,000. Finally, Virtu Financial LLC bought a new stake in Apartment Investment and Management during the second quarter valued at about $235,000. Institutional investors own 98.80% of the company’s stock.

Shares of NYSE AIV traded down $0.28 during mid-day trading on Monday, reaching $41.85. The company had a trading volume of 1,749,636 shares, compared to its average volume of 1,016,242. Apartment Investment and Management has a twelve month low of $37.97 and a twelve month high of $45.64. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 2.93. The company has a market capitalization of $6.94 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 3.79 and a beta of 0.42.

About Apartment Investment and Management

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 133 communities in 17 states and the District of Columbia.

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

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