Analysts Anticipate Apartment Investment and Management Co (AIV) to Post $0.62 EPS

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Analysts predict that Apartment Investment and Management Co (NYSE:AIV) will announce $0.62 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Apartment Investment and Management’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.60. Apartment Investment and Management reported earnings per share of $0.61 during the same quarter last year, which indicates a positive year-over-year growth rate of 1.6%. The company is scheduled to report its next earnings report on Thursday, July 26th.

According to Zacks, analysts expect that Apartment Investment and Management will report full-year earnings of $2.44 per share for the current financial year, with EPS estimates ranging from $2.41 to $2.48. For the next fiscal year, analysts forecast that the firm will report earnings of $2.54 per share, with EPS estimates ranging from $2.49 to $2.61. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Apartment Investment and Management.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings data on Monday, May 7th. The real estate investment trust reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). Apartment Investment and Management had a net margin of 38.11% and a return on equity of 26.79%. The firm had revenue of $247.72 million during the quarter, compared to analyst estimates of $240.46 million. During the same period in the prior year, the company earned $0.58 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year.

A number of analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Apartment Investment and Management in a research report on Monday. They set a “hold” rating and a $40.00 target price for the company. Zacks Investment Research downgraded Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Tuesday. Bank of America upped their target price on Apartment Investment and Management from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, June 8th. Zelman & Associates downgraded Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Thursday, May 10th. Finally, ValuEngine upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Thursday, May 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.00.

In related news, Director Kathleen M. Nelson sold 1,318 shares of the company’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $41.12, for a total transaction of $54,196.16. Following the completion of the sale, the director now directly owns 43,782 shares in the company, valued at approximately $1,800,315.84. The sale was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in AIV. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Apartment Investment and Management during the 1st quarter worth $204,000. Zeke Capital Advisors LLC acquired a new position in Apartment Investment and Management in the 4th quarter worth about $210,000. Allianz Asset Management GmbH acquired a new position in Apartment Investment and Management in the 4th quarter worth about $266,000. Cullen Frost Bankers Inc. acquired a new position in Apartment Investment and Management in the 1st quarter worth about $274,000. Finally, MANA Advisors LLC acquired a new position in Apartment Investment and Management in the 4th quarter worth about $288,000.

NYSE AIV traded up $0.62 on Friday, reaching $41.39. The stock had a trading volume of 1,022,053 shares, compared to its average volume of 1,087,327. The company has a debt-to-equity ratio of 2.77, a current ratio of 0.62 and a quick ratio of 0.62. Apartment Investment and Management has a 1-year low of $37.97 and a 1-year high of $46.72. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 2.82 and a beta of 0.42.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Friday, May 18th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, May 17th. This represents a $1.52 annualized dividend and a dividend yield of 3.67%. Apartment Investment and Management’s dividend payout ratio is currently 62.04%.

Apartment Investment and Management 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 Investment and Management (NYSE:AIV)

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