$249.17 Million in Sales Expected for Apartment Investment and Management Company (AIV) This Quarter

Analysts expect that Apartment Investment and Management Company (NYSE:AIV) will post $249.17 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Apartment Investment and Management’s earnings. The lowest sales estimate is $245.47 million and the highest is $252.45 million. Apartment Investment and Management reported sales of $248.90 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.1%. The business is expected to announce its next earnings report on Thursday, October 26th.

According to Zacks, analysts expect that Apartment Investment and Management will report full-year sales of $249.17 million for the current financial year, with estimates ranging from $969.20 million to $994.23 million. For the next financial year, analysts expect that the company will post sales of $1.00 billion per share, with estimates ranging from $986.47 million to $1.03 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Apartment Investment and Management.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Apartment Investment and Management had a net margin of 20.64% and a return on equity of 12.46%. During the same quarter last year, the company posted $0.54 EPS.

Several equities analysts have weighed in on AIV shares. BidaskClub raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. JMP Securities raised Apartment Investment and Management from a “market perform” rating to an “outperform” rating and set a $52.00 target price on the stock in a research note on Monday, July 10th. Mizuho cut Apartment Investment and Management from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $45.00 to $42.00 in a research note on Monday, July 10th. Barclays PLC lowered their target price on Apartment Investment and Management from $48.00 to $47.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 18th. Finally, Zacks Investment Research raised Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Apartment Investment and Management has an average rating of “Hold” and a consensus target price of $46.90.

Apartment Investment and Management (AIV) opened at 43.35 on Friday. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 34.13 and a beta of 0.46. Apartment Investment and Management has a one year low of $39.66 and a one year high of $46.86. The stock’s 50 day moving average is $44.74 and its 200 day moving average is $44.29.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $1.44 annualized dividend and a dividend yield of 3.32%. Apartment Investment and Management’s dividend payout ratio is 113.39%.

In other news, EVP Keith M. Kimmel sold 10,000 shares of Apartment Investment and Management stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the sale, the executive vice president now directly owns 28,481 shares in the company, valued at approximately $1,310,126. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Apartment Investment and Management by 190.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,900 shares during the last quarter. Schroder Investment Management Group acquired a new stake in Apartment Investment and Management in the 2nd quarter worth approximately $124,000. Raymond James Trust N.A. acquired a new stake in Apartment Investment and Management in the 2nd quarter worth approximately $217,000. Shelton Capital Management acquired a new stake in Apartment Investment and Management in the 2nd quarter worth approximately $246,000. Finally, CAPROCK Group Inc. acquired a new stake in Apartment Investment and Management in the 3rd quarter worth approximately $251,000. Hedge funds and other institutional investors own 98.20% of the company’s stock.

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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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Earnings History and Estimates for Apartment Investment and Management (NYSE:AIV)

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