Apartment Investment and Management Company (NYSE:AIV) – Equities researchers at SunTrust Banks lifted their Q4 2017 earnings estimates for Apartment Investment and Management in a research note issued to investors on Monday. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings of $0.64 per share for the quarter, up from their prior estimate of $0.63. SunTrust Banks also issued estimates for Apartment Investment and Management’s FY2019 earnings at $2.66 EPS, FY2020 earnings at $2.79 EPS and FY2021 earnings at $2.92 EPS.

Apartment Investment and Management (NYSE:AIV) last posted 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). The company had revenue of $254.64 million for the quarter, compared to analysts’ expectations of $249.17 million. Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.81%. During the same period in the previous year, the firm earned $0.54 EPS.

A number of other research firms have also weighed in on AIV. Robert W. Baird reaffirmed a “hold” rating and set a $46.00 target price on shares of Apartment Investment and Management in a report on Tuesday, September 12th. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Mizuho raised Apartment Investment and Management from an “underperform” rating to a “neutral” rating and set a $47.00 target price for the company in a report on Monday, November 6th. BMO Capital Markets reissued a “sell” rating on shares of Apartment Investment and Management in a report on Friday, October 27th. Finally, UBS 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 report on Friday, September 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $47.89.

Apartment Investment and Management (NYSE AIV) opened at $43.99 on Thursday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.35. The firm has a market capitalization of $6,923.16, a PE ratio of 18.22, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. Apartment Investment and Management has a twelve month low of $41.39 and a twelve month high of $46.85.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 17th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Thursday, November 16th. Apartment Investment and Management’s payout ratio is 109.92%.

In related news, insider John E. Bezzant sold 7,564 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $44.77, for a total value of $338,640.28. Following the completion of the sale, the insider now owns 48,422 shares in the company, valued at approximately $2,167,852.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Terry Considine sold 111,577 shares of the business’s stock in a transaction that occurred on 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 insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its position in Apartment Investment and Management by 0.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 249,199 shares of the real estate investment trust’s stock worth $10,930,000 after buying an additional 1,361 shares during the last quarter. Eii Capital Management Inc. bought a new stake in Apartment Investment and Management in the 3rd quarter worth approximately $2,248,000. California Public Employees Retirement System lifted its position in Apartment Investment and Management by 5.1% in the 3rd quarter. California Public Employees Retirement System now owns 363,593 shares of the real estate investment trust’s stock worth $15,947,000 after buying an additional 17,520 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in Apartment Investment and Management in the 3rd quarter worth approximately $202,000. Finally, Chevy Chase Trust Holdings Inc. lifted its position in Apartment Investment and Management by 1.2% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 137,700 shares of the real estate investment trust’s stock worth $6,040,000 after buying an additional 1,675 shares during the last quarter. Institutional investors own 98.30% 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.

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

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