Analysts Expect Apartment Investment and Management Co (AIV) Will Post Earnings of $0.61 Per Share

Analysts predict that Apartment Investment and Management Co (NYSE:AIV) will announce earnings of $0.61 per share for the current quarter, according to Zacks. Four analysts have made estimates for Apartment Investment and Management’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.60. Apartment Investment and Management posted earnings per share of $0.63 in the same quarter last year, which indicates a negative year-over-year growth rate of 3.2%. The business is scheduled to announce its next earnings results on Thursday, February 7th.

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 financial year, analysts expect that the business will report earnings of $2.53 per share, with EPS estimates ranging from $2.47 to $2.58. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Apartment Investment and Management.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $3.00. The business had revenue of $242.48 million during the quarter, compared to the consensus estimate of $239.80 million. Apartment Investment and Management had a return on equity of 55.25% and a net margin of 92.50%. Apartment Investment and Management’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share.

A number of research firms recently issued reports on AIV. TheStreet upgraded Apartment Investment and Management from a “c+” rating to a “b” rating in a report on Thursday, November 1st. Scotiabank began coverage on Apartment Investment and Management in a report on Tuesday, October 16th. They set an “underperform” rating for the company. Zacks Investment Research upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Mizuho reiterated a “hold” rating and set a $44.00 price objective on shares of Apartment Investment and Management in a report on Monday, August 6th. Finally, Jefferies Financial Group increased their price objective on Apartment Investment and Management from $42.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Apartment Investment and Management has an average rating of “Hold” and an average price target of $45.75.

In related news, insider Keith M. Kimmel sold 25,000 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $43.21, for a total transaction of $1,080,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of AIV. Quad Cities Investment Group LLC acquired a new stake in shares of Apartment Investment and Management in the second quarter valued at approximately $150,000. Advisors Asset Management Inc. lifted its position in shares of Apartment Investment and Management by 114.5% in 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 buying an additional 2,200 shares during the last quarter. Shine Investment Advisory Services Inc. lifted its position in shares of Apartment Investment and Management by 104.8% in 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 buying an additional 2,400 shares during the last quarter. Carret Asset Management LLC acquired a new stake in shares of Apartment Investment and Management in the second quarter valued at approximately $206,000. Finally, Virtu Financial LLC acquired a new stake in shares of Apartment Investment and Management in the second quarter valued at approximately $235,000. 98.88% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:AIV traded up $0.94 during mid-day trading on Thursday, reaching $44.74. 91,081 shares of the stock were exchanged, compared to its average volume of 1,275,085. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.59 and a current ratio of 0.43. The company has a market cap of $6.85 billion, a PE ratio of 18.21, a PEG ratio of 3.72 and a beta of 0.44. Apartment Investment and Management has a one year low of $37.97 and a one year high of $45.64.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.52 annualized dividend and a yield of 3.40%. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 62.04%.

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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