Apartment Investment and Management Company (NYSE:AIV) to Post FY2019 Earnings of $2.61 Per Share, KeyCorp Forecasts

Apartment Investment and Management Company (NYSE:AIV) – Research analysts at KeyCorp issued their FY2019 earnings per share (EPS) estimates for Apartment Investment and Management in a report released on Tuesday, Zacks Investment Research reports. KeyCorp analyst A. Wurschmidt forecasts that the real estate investment trust will post earnings per share of $2.61 for the year.

AIV has been the subject of several other reports. Robert W. Baird restated a “hold” rating and issued a $46.00 price target on shares of Apartment Investment and Management in a report on Tuesday, October 17th. BMO Capital Markets restated a “sell” rating and issued a $44.00 price target on shares of Apartment Investment and Management in a report on Monday, November 27th. TheStreet downgraded Apartment Investment and Management from a “b-” rating to a “c+” rating in a report on Friday, November 3rd. Raymond James Financial downgraded Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $52.00 to $50.00 in a report on Tuesday, December 12th. Finally, Mizuho upgraded Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 price target for the company in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Apartment Investment and Management has a consensus rating of “Hold” and a consensus target price of $47.70.

Apartment Investment and Management (NYSE:AIV) opened at $40.62 on Thursday. Apartment Investment and Management has a one year low of $40.38 and a one year high of $46.85. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $6,378.27, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.35 and a beta of 0.46.

Apartment Investment and Management (NYSE:AIV) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.51). Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.81%. The company had revenue of $254.64 million during the quarter, compared to analyst estimates of $249.17 million. During the same period in the previous year, the company posted $0.54 EPS.

In related news, insider John E. Bezzant sold 7,564 shares of the stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $44.77, for a total transaction of $338,640.28. Following the completion of the transaction, the insider now directly owns 48,422 shares in the company, valued at $2,167,852.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Terry Considine sold 111,577 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total value of $4,910,503.77. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Calamos Advisors LLC lifted its position in shares of Apartment Investment and Management by 3.8% in the third quarter. Calamos Advisors LLC now owns 79,448 shares of the real estate investment trust’s stock valued at $3,485,000 after buying an additional 2,914 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Apartment Investment and Management by 50.4% in the second quarter. SG Americas Securities LLC now owns 40,041 shares of the real estate investment trust’s stock valued at $1,721,000 after buying an additional 13,410 shares during the last quarter. Westpac Banking Corp lifted its position in shares of Apartment Investment and Management by 9.8% in the second quarter. Westpac Banking Corp now owns 189,853 shares of the real estate investment trust’s stock valued at $8,158,000 after buying an additional 16,870 shares during the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in shares of Apartment Investment and Management in the second quarter valued at approximately $1,917,000. Finally, AMP Capital Investors Ltd lifted its position in shares of Apartment Investment and Management by 23.7% in the third quarter. AMP Capital Investors Ltd now owns 65,681 shares of the real estate investment trust’s stock valued at $2,880,000 after buying an additional 12,565 shares during the last quarter. Hedge funds and other institutional investors own 98.17% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/01/14/analysts-issue-forecasts-for-apartment-investment-and-management-companys-fy2019-earnings-aiv.html.

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.

Get a free copy of the Zacks research report on Apartment Investment and Management (AIV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Apartment Investment and Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply