Analysts Anticipate Apartment Investment and Management Co (AIV) to Post $0.61 Earnings Per Share

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Analysts forecast that Apartment Investment and Management Co (NYSE:AIV) will report earnings of $0.61 per share for the current quarter, Zacks reports. Six analysts have made estimates for Apartment Investment and Management’s earnings. The lowest EPS estimate is $0.59 and the highest is $0.62. Apartment Investment and Management reported earnings per share of $0.63 in the same quarter last year, which indicates a negative year-over-year growth rate of 3.2%. The firm is scheduled to announce its next earnings report on Thursday, October 25th.

On average, analysts expect that Apartment Investment and Management will report full-year earnings of $2.44 per share for the current fiscal year, with EPS estimates ranging from $2.41 to $2.45. For the next financial year, analysts forecast that the firm will post earnings of $2.53 per share, with EPS estimates ranging from $2.47 to $2.58. Zacks Investment Research’s earnings per share calculations 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 posted its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.60). Apartment Investment and Management had a net margin of 36.78% and a return on equity of 25.11%. The business had revenue of $250.13 million during the quarter, compared to analysts’ expectations of $242.93 million. During the same period in the previous year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year.

AIV has been the subject of several recent research reports. SunTrust Banks reissued a “buy” rating and issued a $45.00 price objective on shares of Apartment Investment and Management in a research note on Wednesday, June 27th. Zacks Investment Research raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. Mizuho reissued a “hold” rating and issued a $44.00 price objective on shares of Apartment Investment and Management in a research note on Monday, August 6th. BMO Capital Markets reissued a “hold” rating and issued a $44.00 price objective on shares of Apartment Investment and Management in a research note on Thursday, July 5th. Finally, ValuEngine raised shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.00.

In related news, insider Keith M. Kimmel sold 25,000 shares of Apartment Investment and Management stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $43.21, for a total value of $1,080,250.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Calamos Advisors LLC lifted its stake in Apartment Investment and Management by 22.6% in the second quarter. Calamos Advisors LLC now owns 100,116 shares of the real estate investment trust’s stock worth $4,235,000 after acquiring an additional 18,480 shares during the last quarter. Signition LP acquired a new stake in Apartment Investment and Management during the second quarter worth approximately $563,000. Sei Investments Co. raised its holdings in Apartment Investment and Management by 12.3% during the second quarter. Sei Investments Co. now owns 453,700 shares of the real estate investment trust’s stock worth $19,191,000 after purchasing an additional 49,523 shares in the last quarter. Schroder Investment Management Group raised its holdings in Apartment Investment and Management by 1,223.0% during the first quarter. Schroder Investment Management Group now owns 335,459 shares of the real estate investment trust’s stock worth $13,670,000 after purchasing an additional 310,104 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Apartment Investment and Management by 3.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 151,448 shares of the real estate investment trust’s stock worth $6,172,000 after purchasing an additional 4,551 shares in the last quarter. Institutional investors own 99.89% of the company’s stock.

NYSE AIV opened at $43.86 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 2.93. Apartment Investment and Management has a one year low of $37.97 and a one year high of $46.72. The company has a market capitalization of $6.88 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 3.75 and a beta of 0.41.

The company also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were paid a $0.38 dividend. The ex-dividend date was Thursday, August 16th. This represents a $1.52 dividend on an annualized basis and a yield of 3.47%. Apartment Investment and Management’s dividend payout ratio is currently 62.04%.

About Apartment Investment and Management

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 133 communities in 17 states and the District of Columbia.

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

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