Apartment Inv & Mgmt (AIV) Expected to Announce Earnings of $0.60 Per Share

Brokerages predict that Apartment Inv & Mgmt (NYSE:AIV) will report earnings of $0.60 per share for the current quarter, according to Zacks. Five analysts have made estimates for Apartment Inv & Mgmt’s earnings, with the highest EPS estimate coming in at $0.61 and the lowest estimate coming in at $0.59. Apartment Inv & Mgmt posted earnings of $0.58 per share during the same quarter last year, which would suggest a positive year over year growth rate of 3.4%. The firm is expected to announce its next earnings results after the market closes on Monday, May 7th.

According to Zacks, analysts expect that Apartment Inv & Mgmt will report full-year earnings of $2.48 per share for the current fiscal year, with EPS estimates ranging from $2.44 to $2.53. For the next fiscal year, analysts expect that the business will report earnings of $2.59 per share, with EPS estimates ranging from $2.55 to $2.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Apartment Inv & Mgmt.

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Apartment Inv & Mgmt (NYSE:AIV) last announced its earnings results on Thursday, February 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.63. Apartment Inv & Mgmt had a net margin of 31.19% and a return on equity of 21.25%. The firm had revenue of $250.23 million for the quarter, compared to analyst estimates of $243.24 million. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue was up 1.7% compared to the same quarter last year.

AIV has been the topic of a number of research analyst reports. SunTrust Banks set a $44.00 target price on shares of Apartment Inv & Mgmt and gave the company a “buy” rating in a research report on Friday, March 2nd. Barclays dropped their price target on shares of Apartment Inv & Mgmt from $48.00 to $47.00 and set an “overweight” rating for the company in a research note on Tuesday, January 30th. Zacks Investment Research downgraded shares of Apartment Inv & Mgmt from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. BMO Capital Markets raised shares of Apartment Inv & Mgmt from an “underperform” rating to a “market perform” rating and set a $42.00 price target for the company in a research note on Friday, March 2nd. Finally, Raymond James Financial downgraded shares of Apartment Inv & Mgmt from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $52.00 to $50.00 in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.55.

Shares of NYSE AIV traded down $0.19 during trading hours on Friday, hitting $41.07. 880,450 shares of the stock were exchanged, compared to its average volume of 1,149,575. 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 firm has a market capitalization of $6,461.54, a price-to-earnings ratio of 16.76, a P/E/G ratio of 2.87 and a beta of 0.41. Apartment Inv & Mgmt has a 1-year low of $37.97 and a 1-year high of $46.72.

In other Apartment Inv & Mgmt news, EVP Lisa R. Cohn sold 831 shares of Apartment Inv & Mgmt stock in a transaction on Friday, January 26th. The shares were sold at an average price of $42.38, for a total value of $35,217.78. Following the completion of the sale, the executive vice president now directly owns 53,071 shares of the company’s stock, valued at $2,249,148.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Miles Cortez sold 2,587 shares of Apartment Inv & Mgmt 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 completion of the sale, the executive vice president now directly owns 102,456 shares of the company’s stock, valued at $4,292,906.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,970 shares of company stock valued at $641,143. Insiders own 1.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. AMP Capital Investors Ltd grew its holdings in shares of Apartment Inv & Mgmt by 23.7% during 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. Toronto Dominion Bank boosted its holdings in Apartment Inv & Mgmt by 10.3% during the fourth quarter. Toronto Dominion Bank now owns 58,383 shares of the real estate investment trust’s stock worth $2,552,000 after purchasing an additional 5,450 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in Apartment Inv & Mgmt by 1.4% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 149,493 shares of the real estate investment trust’s stock worth $6,534,000 after purchasing an additional 2,104 shares during the last quarter. Deutsche Bank AG boosted its holdings in Apartment Inv & Mgmt by 320.4% during the fourth quarter. Deutsche Bank AG now owns 623,318 shares of the real estate investment trust’s stock worth $27,239,000 after purchasing an additional 475,057 shares during the last quarter. Finally, Comerica Bank raised its position in Apartment Inv & Mgmt by 27.5% in the fourth quarter. Comerica Bank now owns 78,847 shares of the real estate investment trust’s stock worth $3,319,000 after acquiring an additional 17,004 shares during the period. Hedge funds and other institutional investors own 98.30% of the company’s stock.

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Apartment Inv & Mgmt Company Profile

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 182 communities in 22 states and the District of Columbia.

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Earnings History and Estimates for Apartment Inv & Mgmt (NYSE:AIV)

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