$0.63 Earnings Per Share Expected for Apartment Investment and Management Company (AIV) This Quarter

Equities research analysts expect Apartment Investment and Management Company (NYSE:AIV) to announce earnings of $0.63 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Apartment Investment and Management’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.66. Apartment Investment and Management posted earnings per share of $1.03 in the same quarter last year, which indicates a negative year-over-year growth rate of 38.8%. The business is expected to announce its next quarterly earnings report on Thursday, February 1st.

On average, 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 $2.43 to $2.46. For the next financial year, analysts forecast that the business will report earnings of $2.56 per share, with EPS estimates ranging from $2.52 to $2.60. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Apartment Investment and Management.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.51). Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. The business had revenue of $254.64 million during the quarter, compared to the consensus estimate of $249.17 million. During the same quarter in the previous year, the business posted $0.54 earnings per share.

AIV has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Monday, July 24th. BidaskClub raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. TheStreet cut shares of Apartment Investment and Management from a “b-” rating to a “c+” rating in a research note on Friday, November 3rd. Canaccord Genuity set a $50.00 price objective on shares of Apartment Investment and Management and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Finally, Robert W. Baird reissued a “hold” rating and issued a $46.00 price objective on shares of Apartment Investment and Management in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.40.

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Apartment Investment and Management (NYSE:AIV) opened at $45.23 on Wednesday. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.59 and a quick ratio of 0.59. Apartment Investment and Management has a 52-week low of $39.66 and a 52-week high of $46.85. The firm has a market cap of $7,139.85, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 2.74 and a beta of 0.47.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, November 17th will be paid a dividend of $0.36 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.44 annualized dividend and a yield of 3.18%. Apartment Investment and Management’s payout ratio is 109.92%.

In related news, EVP Keith M. Kimmel sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the transaction, the executive vice president now directly owns 28,481 shares of the company’s stock, valued at $1,310,126. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Terry Considine sold 111,577 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total transaction of $4,910,503.77. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vident Investment Advisory LLC purchased a new position in Apartment Investment and Management during the third quarter valued at $202,000. Chevy Chase Trust Holdings Inc. grew its stake in Apartment Investment and Management by 1.2% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 137,700 shares of the real estate investment trust’s stock valued at $6,040,000 after acquiring an additional 1,675 shares in the last quarter. Uniplan Investment Counsel Inc. grew its stake in Apartment Investment and Management by 2.0% during the third quarter. Uniplan Investment Counsel Inc. now owns 886,931 shares of the real estate investment trust’s stock valued at $38,900,000 after acquiring an additional 17,743 shares in the last quarter. AMP Capital Investors Ltd grew its stake in Apartment Investment and Management 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 acquiring an additional 12,565 shares in the last quarter. Finally, NWQ Investment Management Company LLC grew its stake in Apartment Investment and Management by 18.5% during the third quarter. NWQ Investment Management Company LLC now owns 175,395 shares of the real estate investment trust’s stock valued at $7,693,000 after acquiring an additional 27,400 shares in the last quarter. 99.95% of the stock is owned by institutional investors.

About Apartment Investment and Management

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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