Brokerages forecast that Apartment Investment and Management Company (NYSE:AIV) will report earnings of $0.60 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Apartment Investment and Management’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.61. Apartment Investment and Management reported earnings of $0.59 per share in the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, July 27th.
On average, analysts expect that Apartment Investment and Management will report full-year earnings of $2.45 per share for the current fiscal year, with EPS estimates ranging from $2.43 to $2.49. For the next year, analysts forecast that the business will report earnings of $2.56 per share, with EPS estimates ranging from $2.51 to $2.63. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Apartment Investment and Management.
Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, April 27th. The real estate investment trust reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. Apartment Investment and Management had a return on equity of 23.66% and a net margin of 41.53%. The business had revenue of $246.50 million during the quarter, compared to analyst estimates of $242.87 million. During the same period in the prior year, the company earned $0.57 earnings per share. Apartment Investment and Management’s revenue was up .1% compared to the same quarter last year.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Monday. BidaskClub downgraded shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Mizuho downgraded shares of Apartment Investment and Management from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $45.00 to $42.00 in a research report on Monday, July 10th. JMP Securities raised shares of Apartment Investment and Management from a “market perform” rating to an “outperform” rating and set a $52.00 price objective for the company in a research report on Monday, July 10th. Finally, Barclays PLC cut their price objective on shares of Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating for the company in a research report on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.50.
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In other news, Director Kathleen M. Nelson sold 1,220 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $43.59, for a total transaction of $53,179.80. Following the completion of the sale, the director now owns 40,630 shares of the company’s stock, valued at approximately $1,771,061.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. New Mexico Educational Retirement Board increased its position in shares of Apartment Investment and Management by 0.3% in the first quarter. New Mexico Educational Retirement Board now owns 37,483 shares of the real estate investment trust’s stock valued at $1,663,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its position in shares of Apartment Investment and Management by 0.3% in the first quarter. Arizona State Retirement System now owns 38,916 shares of the real estate investment trust’s stock valued at $1,726,000 after buying an additional 100 shares in the last quarter. Transamerica Financial Advisors Inc. increased its position in shares of Apartment Investment and Management by 1.0% in the first quarter. Transamerica Financial Advisors Inc. now owns 14,744 shares of the real estate investment trust’s stock valued at $654,000 after buying an additional 152 shares in the last quarter. Hartford Investment Management Co. increased its position in shares of Apartment Investment and Management by 0.5% in the first quarter. Hartford Investment Management Co. now owns 36,458 shares of the real estate investment trust’s stock valued at $1,617,000 after buying an additional 173 shares in the last quarter. Finally, 1st Global Advisors Inc. increased its position in shares of Apartment Investment and Management by 1.3% in the first quarter. 1st Global Advisors Inc. now owns 15,774 shares of the real estate investment trust’s stock valued at $700,000 after buying an additional 198 shares in the last quarter. 99.95% of the stock is owned by institutional investors.
Apartment Investment and Management (NYSE AIV) traded down 1.24% during trading on Monday, hitting $43.68. The stock had a trading volume of 1,751,234 shares. The company has a 50-day moving average price of $43.64 and a 200-day moving average price of $44.13. The company has a market cap of $6.86 billion, a price-to-earnings ratio of 16.88 and a beta of 0.43. Apartment Investment and Management has a 52-week low of $39.66 and a 52-week high of $47.91.
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.
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