Wall Street analysts predict that Apartment Investment and Management Co (NYSE:AIV) will announce $0.58 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Apartment Investment and Management’s earnings. The lowest EPS estimate is $0.57 and the highest is $0.59. Apartment Investment and Management reported earnings of $0.57 per share during the same quarter last year, which indicates a positive year over year growth rate of 1.8%. The firm is scheduled to report its next earnings report after the market closes on Thursday, April 27th.

On average, analysts expect that Apartment Investment and Management will report full-year earnings of $2.45 per share for the current financial year, with EPS estimates ranging from $2.43 to $2.50. For the next financial year, analysts forecast that the firm will report earnings of $2.56 per share, with EPS estimates ranging from $2.52 to $2.63. 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 results on Thursday, February 2nd. The real estate investment trust reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.43. The company had revenue of $249.49 million for the quarter, compared to analyst estimates of $241.62 million. Apartment Investment and Management had a return on equity of 24.85% and a net margin of 42.78%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 earnings per share.

AIV has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Tuesday, January 31st. Barclays PLC dropped their target price on shares of Apartment Investment and Management from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Monday, January 23rd. Canaccord Genuity set a $48.00 target price on shares of Apartment Investment and Management and gave the stock a “hold” rating in a research report on Tuesday, February 7th. BMO Capital Markets cut shares of Apartment Investment and Management from a “market perform” rating to an “underperform” rating and set a $42.00 target price on the stock. in a research report on Friday, February 17th. Finally, Mizuho reissued a “buy” rating on shares of Apartment Investment and Management in a research report on Friday, December 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $46.13.

In related news, insider John E. Bezzant sold 7,085 shares of Apartment Investment and Management stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $44.25, for a total value of $313,511.25. Following the sale, the insider now owns 45,717 shares of the company’s stock, valued at approximately $2,022,977.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Miles Cortez sold 2,927 shares of Apartment Investment and Management stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $44.48, for a total transaction of $130,192.96. Following the completion of the sale, the insider now directly owns 107,184 shares in the company, valued at approximately $4,767,544.32. The disclosure for this sale can be found here. Insiders sold a total of 22,450 shares of company stock worth $1,021,029 in the last ninety days. 1.71% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of AIV. Israel Discount Bank of New York GFN bought a new stake in Apartment Investment and Management during the fourth quarter worth approximately $112,000. Quadrant Capital Group LLC boosted its stake in Apartment Investment and Management by 10.6% in the first quarter. Quadrant Capital Group LLC now owns 2,606 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 250 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Apartment Investment and Management during the fourth quarter worth approximately $123,000. Tower Research Capital LLC TRC boosted its stake in Apartment Investment and Management by 4,584.0% in the third quarter. Tower Research Capital LLC TRC now owns 4,684 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 4,584 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Apartment Investment and Management by 0.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,970 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 30 shares during the period.

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Shares of Apartment Investment and Management (NYSE:AIV) traded up 0.23% during mid-day trading on Tuesday, hitting $44.15. The stock had a trading volume of 1,651,247 shares. Apartment Investment and Management has a 1-year low of $39.14 and a 1-year high of $47.91. The firm’s 50 day moving average price is $44.44 and its 200 day moving average price is $43.85. The company has a market cap of $6.93 billion, a P/E ratio of 16.54 and a beta of 0.36.

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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