Brokerages Expect Apartment Investment and Management (NYSE:AIV) Will Post Earnings of $0.61 Per Share

Equities research analysts expect that Apartment Investment and Management (NYSE:AIV) will post earnings per share of $0.61 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Apartment Investment and Management’s earnings. Apartment Investment and Management posted earnings of $0.78 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 21.8%. The company is expected to report its next quarterly earnings results on Monday, August 2nd.

According to Zacks, analysts expect that Apartment Investment and Management will report full-year earnings of $2.44 per share for the current year. For the next financial year, analysts anticipate that the company will report earnings of $2.55 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Apartment Investment and Management.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Sunday, May 16th. The real estate investment trust reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.15. Apartment Investment and Management had a return on equity of 0.45% and a net margin of 17.37%.

Separately, Zacks Investment Research upgraded Apartment Investment and Management from a “sell” rating to a “hold” rating and set a $5.15 target price for the company in a research report on Thursday, March 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $34.88.

Apartment Investment and Management stock opened at $7.61 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market cap of $1.14 billion, a P/E ratio of 2.30 and a beta of 1.03. Apartment Investment and Management has a one year low of $2.65 and a one year high of $7.72. The stock’s 50 day moving average is $6.74.

In other Apartment Investment and Management news, Director Terry Considine acquired 100,000 shares of the business’s stock in a transaction on Friday, March 19th. The stock was purchased at an average price of $5.64 per share, for a total transaction of $564,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert A. Miller acquired 10,000 shares of the business’s stock in a transaction on Friday, March 26th. The stock was acquired at an average price of $5.60 per share, with a total value of $56,000.00. Following the transaction, the director now owns 60,234 shares in the company, valued at approximately $337,310.40. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 411,500 shares of company stock valued at $2,353,095. Corporate insiders own 1.44% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp increased its stake in shares of Apartment Investment and Management by 6.6% in the 1st quarter. Stifel Financial Corp now owns 32,552 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 2,011 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Apartment Investment and Management by 152.4% in the 1st quarter. Meeder Asset Management Inc. now owns 4,424 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 2,671 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Apartment Investment and Management by 19.5% in the 1st quarter. Teacher Retirement System of Texas now owns 18,706 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 3,050 shares during the period. Credit Suisse AG increased its stake in shares of Apartment Investment and Management by 1.3% in the 4th quarter. Credit Suisse AG now owns 263,543 shares of the real estate investment trust’s stock valued at $1,393,000 after buying an additional 3,483 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Apartment Investment and Management by 20.8% in the 4th quarter. First Trust Advisors LP now owns 21,489 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 3,696 shares during the period. 86.42% of the stock is owned by institutional investors.

About Apartment Investment and Management

Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco is traded on the New York Stock Exchange as AIV. For more information about Aimco, please visit our website www.aimco.com.

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

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