Apartment Investment and Management Co (AIV) Expected to Announce Earnings of $0.60 Per Share

Equities research analysts forecast that Apartment Investment and Management Co (NYSE:AIV) will report earnings per share (EPS) of $0.60 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Apartment Investment and Management’s earnings. The lowest EPS estimate is $0.59 and the highest is $0.61. Apartment Investment and Management posted earnings per share of $0.58 during the same quarter last year, which suggests a positive year over year growth rate of 3.4%. The company is scheduled to announce its next earnings report on Thursday, April 26th.

On average, analysts expect that Apartment Investment and Management will report full-year earnings of $2.49 per share for the current fiscal year, with EPS estimates ranging from $2.44 to $2.53. For the next financial year, analysts forecast that the company will report earnings of $2.59 per share, with EPS estimates ranging from $2.55 to $2.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Apartment Investment and Management.

How to Become a New Pot Stock Millionaire

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

AIV has been the subject of several recent analyst reports. Raymond James Financial cut shares of Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $52.00 to $50.00 in a research note on Tuesday, December 12th. Robert W. Baird reiterated a “hold” rating and set a $42.00 target price on shares of Apartment Investment and Management in a research report on Tuesday, January 9th. Zacks Investment Research lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. BMO Capital Markets set a $42.00 target price on shares of Apartment Investment and Management and gave the company a “sell” rating in a research report on Monday, February 12th. Finally, SunTrust Banks upgraded shares of Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.55.

Shares of Apartment Investment and Management (NYSE:AIV) traded down $0.27 during trading hours on Thursday, reaching $40.03. 474,406 shares of the company traded hands, compared to its average volume of 1,217,321. The stock has a market capitalization of $6,301.08, a PE ratio of 20.51, a P/E/G ratio of 2.79 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 company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.67.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Friday, February 16th were issued a dividend of $0.38 per share. This is a positive change from Apartment Investment and Management’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date was Thursday, February 15th. Apartment Investment and Management’s dividend payout ratio is currently 77.95%.

In other Apartment Investment and Management news, EVP Miles Cortez sold 2,587 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $41.90, for a total transaction of $108,395.30. Following the transaction, the executive vice president now directly owns 102,456 shares of the company’s stock, valued at approximately $4,292,906.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lisa R. Cohn sold 9,694 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $39.00, for a total transaction of $378,066.00. Following the transaction, the insider now directly owns 82,139 shares in the company, valued at $3,203,421. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,970 shares of company stock worth $641,143. Insiders own 1.20% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its position in shares of Apartment Investment and Management by 26.7% in the 4th quarter. Renaissance Technologies LLC now owns 5,346,637 shares of the real estate investment trust’s stock worth $233,702,000 after buying an additional 1,127,588 shares during the period. Forward Management LLC purchased a new stake in shares of Apartment Investment and Management in the 4th quarter worth about $21,667,000. Deutsche Bank AG grew its position in shares of Apartment Investment and Management by 320.4% in the 4th quarter. Deutsche Bank AG now owns 623,318 shares of the real estate investment trust’s stock worth $27,239,000 after buying an additional 475,057 shares during the period. BlackRock Inc. grew its position in shares of Apartment Investment and Management by 2.8% in the 4th quarter. BlackRock Inc. now owns 13,412,698 shares of the real estate investment trust’s stock worth $586,268,000 after buying an additional 359,716 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Apartment Investment and Management by 125.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 615,125 shares of the real estate investment trust’s stock worth $26,984,000 after buying an additional 342,028 shares during the period. 98.30% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Apartment Investment and Management Co (AIV) Expected to Announce Earnings of $0.60 Per Share” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/07/apartment-investment-and-management-co-aiv-expected-to-announce-earnings-of-0-60-per-share.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