Analysts expect Apartment Investment and Management Co (NYSE:AIV) to post $243.71 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Apartment Investment and Management’s earnings. The lowest sales estimate is $236.90 million and the highest is $251.48 million. Apartment Investment and Management posted sales of $246.48 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.1%. The business is expected to announce its next earnings report on Thursday, April 26th.

On average, analysts expect that Apartment Investment and Management will report full year sales of $243.71 million for the current year, with estimates ranging from $960.80 million to $1.02 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.02 billion per share, with estimates ranging from $986.00 million to $1.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Apartment Investment and Management.

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Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings data on Thursday, February 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. Apartment Investment and Management had a net margin of 31.19% and a return on equity of 21.25%. The firm had revenue of $250.23 million for the quarter, compared to analysts’ expectations of $243.24 million. During the same period in the previous year, the company posted $0.60 EPS. The company’s quarterly revenue was up 1.7% compared to the same quarter last year.

Several research firms have weighed in on AIV. BMO Capital Markets reiterated a “sell” rating and set a $44.00 price objective on shares of Apartment Investment and Management in a research report on Monday, November 27th. Raymond James Financial cut shares of Apartment Investment and Management from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $52.00 to $50.00 in a report on Tuesday, December 12th. Robert W. Baird restated a “hold” rating and set a $42.00 price target on shares of Apartment Investment and Management in a report on Tuesday, January 9th. Zacks Investment Research cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, JMP Securities cut shares of Apartment Investment and Management from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.55.

Apartment Investment and Management (NYSE AIV) traded down $0.68 during midday trading on Friday, reaching $39.11. 1,174,432 shares of the company’s stock traded hands, compared to its average volume of 1,220,881. Apartment Investment and Management has a 12-month low of $37.97 and a 12-month high of $46.72. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $6,310.52, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.79 and a beta of 0.47.

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th were issued a dividend of $0.38 per share. This is a boost from Apartment Investment and Management’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Thursday, February 15th. Apartment Investment and Management’s payout ratio is currently 77.95%.

In related news, insider Lisa R. Cohn sold 2,858 shares of Apartment Investment and Management stock in a transaction on Monday, January 29th. The shares were sold at an average price of $41.80, for a total value of $119,464.40. Following the completion of the sale, the insider now owns 53,071 shares of the company’s stock, valued at approximately $2,218,367.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Lisa R. Cohn sold 9,694 shares of Apartment Investment and Management stock in a transaction on Monday, February 12th. The shares were sold at an average price of $39.00, for a total transaction of $378,066.00. Following the completion of the sale, the insider now directly owns 82,139 shares of the company’s stock, valued at approximately $3,203,421. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,970 shares of company stock worth $641,143. 1.20% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. AMP Capital Investors Ltd lifted its stake in shares of Apartment Investment and Management by 23.7% in the 3rd quarter. AMP Capital Investors Ltd now owns 65,681 shares of the real estate investment trust’s stock valued at $2,880,000 after purchasing an additional 12,565 shares during the last quarter. Toronto Dominion Bank lifted its position in Apartment Investment and Management by 10.3% during the 4th quarter. Toronto Dominion Bank now owns 58,383 shares of the real estate investment trust’s stock worth $2,552,000 after acquiring an additional 5,450 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in Apartment Investment and Management by 1.4% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 149,493 shares of the real estate investment trust’s stock worth $6,534,000 after acquiring an additional 2,104 shares during the last quarter. Comerica Bank lifted its position in Apartment Investment and Management by 27.5% during the 4th quarter. Comerica Bank now owns 78,847 shares of the real estate investment trust’s stock worth $3,319,000 after acquiring an additional 17,004 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Apartment Investment and Management by 5.1% during 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 acquiring an additional 17,520 shares during the last quarter. 98.30% of the stock is owned by institutional investors and hedge funds.

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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.

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

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