Analysts expect that Apartment Investment and Management Company (NYSE:AIV) will post $247.34 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Apartment Investment and Management’s earnings. The lowest sales estimate is $241.80 million and the highest is $253.26 million. Apartment Investment and Management posted sales of $249.49 million in the same quarter last year, which suggests a negative year over year growth rate of 0.9%. The firm is scheduled to report its next quarterly earnings report on Thursday, February 1st.

On average, analysts expect that Apartment Investment and Management will report full year sales of $247.34 million for the current financial year, with estimates ranging from $969.20 million to $995.23 million. For the next fiscal year, analysts anticipate that the business will post sales of $1.00 billion per share, with estimates ranging from $986.47 million to $1.03 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Apartment Investment and Management.

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

A number of analysts recently commented on AIV shares. Zacks Investment Research upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. UBS AG lowered Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 price objective for the company. in a research report on Friday, September 8th. Robert W. Baird reiterated a “hold” rating and issued a $46.00 price objective on shares of Apartment Investment and Management in a research report on Tuesday, September 12th. BidaskClub upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, TheStreet lowered Apartment Investment and Management from a “b-” rating to a “c+” rating in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.67.

Shares of Apartment Investment and Management (NYSE:AIV) traded up $0.50 during trading hours on Friday, hitting $44.69. The stock had a trading volume of 964,800 shares, compared to its average volume of 1,070,303. 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 capitalization of $6,995.39, a price-to-earnings ratio of 18.41, a PEG ratio of 2.68 and a beta of 0.47. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.59 and a current ratio of 0.59.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, November 16th. Apartment Investment and Management’s dividend payout ratio (DPR) is currently 109.92%.

In other Apartment Investment and Management news, EVP Keith M. Kimmel sold 10,000 shares of the firm’s 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 transaction, the executive vice president now owns 28,481 shares in the company, valued at $1,310,126. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Terry Considine sold 111,577 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $44.01, for a total value of $4,910,503.77. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Schroder Investment Management Group bought a new position in Apartment Investment and Management during the second quarter worth about $124,000. Vident Investment Advisory LLC bought a new position in Apartment Investment and Management during the third quarter worth about $202,000. Raymond James Trust N.A. bought a new position in shares of Apartment Investment and Management during the 2nd quarter valued at about $217,000. Shelton Capital Management bought a new position in shares of Apartment Investment and Management during the 2nd quarter valued at about $246,000. Finally, CAPROCK Group Inc. bought a new position in shares of Apartment Investment and Management during the 3rd quarter valued at about $251,000. Hedge funds and other institutional investors own 99.95% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/11/17/zacks-analysts-anticipate-apartment-investment-and-management-company-aiv-will-announce-quarterly-sales-of-247-34-million.html.

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.

Get a free copy of the Zacks research report on Apartment Investment and Management (AIV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Stock Ratings for Apartment Investment and Management Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apartment Investment and Management Company and related stocks with our FREE daily email newsletter.