Apartment Investment and Management (NYSE:AIV) updated its FY 2020
After-Hours earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 2.37-2.41 for the period.

Shares of Apartment Investment and Management stock opened at $52.35 on Tuesday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.23 and a quick ratio of 0.23. The stock’s 50 day simple moving average is $53.97 and its 200-day simple moving average is $51.70. The stock has a market cap of $8.01 billion, a P/E ratio of 20.53, a P/E/G ratio of 4.68 and a beta of 0.50. Apartment Investment and Management has a 1-year low of $42.06 and a 1-year high of $55.49.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.62). Apartment Investment and Management had a net margin of 37.98% and a return on equity of 19.60%. The company had revenue of $229.80 million during the quarter, compared to analyst estimates of $224.73 million. During the same period in the prior year, the business posted $3.61 EPS. Apartment Investment and Management’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, research analysts expect that Apartment Investment and Management will post 2.49 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Thursday, November 14th. Apartment Investment and Management’s dividend payout ratio (DPR) is presently 61.18%.

Several research firms have weighed in on AIV. Barclays set a $53.00 target price on shares of Apartment Investment and Management and gave the company a hold rating in a report on Friday, October 11th. Goldman Sachs Group assumed coverage on shares of Apartment Investment and Management in a report on Friday, November 8th. They set a buy rating and a $62.00 price target for the company. BMO Capital Markets raised shares of Apartment Investment and Management from a market perform rating to an outperform rating and lifted their price target for the company from $56.00 to $58.00 in a research report on Friday, September 6th. SunTrust Banks upped their price objective on Apartment Investment and Management from $50.00 to $54.00 and gave the company a hold rating in a report on Friday. Finally, Zelman & Associates upgraded Apartment Investment and Management from a sell rating to a hold rating in a research report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Apartment Investment and Management presently has an average rating of Hold and a consensus target price of $55.83.

Apartment Investment and Management Company Profile

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with ownership interests in 132 communities in 17 states and the District of Columbia.

See Also: Equity Income

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

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