Brokerages forecast that Apartment Investment and Management Co (NYSE:AIV) will report $0.61 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Apartment Investment and Management’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.62. Apartment Investment and Management reported earnings of $0.63 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.2%. The business is expected to issue its next earnings report on Thursday, August 1st.

On average, analysts expect that Apartment Investment and Management will report full year earnings of $2.49 per share for the current fiscal year, with EPS estimates ranging from $2.47 to $2.51. For the next year, analysts expect that the company will post earnings of $2.61 per share, with EPS estimates ranging from $2.55 to $2.69. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Apartment Investment and Management.

Apartment Investment and Management (NYSE:AIV) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.61 EPS for the quarter, meeting the consensus estimate of $0.61. The business had revenue of $230.24 million during the quarter, compared to analysts’ expectations of $226.53 million. Apartment Investment and Management had a return on equity of 48.32% and a net margin of 89.47%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS.

Several research firms have recently commented on AIV. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Barclays reissued a “hold” rating and issued a $51.00 price target on shares of Apartment Investment and Management in a report on Tuesday, April 16th. BMO Capital Markets reissued a “hold” rating and issued a $54.00 price target on shares of Apartment Investment and Management in a report on Monday, March 25th. Wells Fargo & Co reissued a “buy” rating on shares of Apartment Investment and Management in a report on Monday, March 4th. Finally, SunTrust Banks cut Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a report on Monday, February 25th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.43.

Shares of AIV traded up $0.17 during mid-day trading on Tuesday, hitting $51.28. The company’s stock had a trading volume of 34,767 shares, compared to its average volume of 984,311. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.68 and a quick ratio of 0.68. The business has a 50-day moving average of $50.51. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 3.89 and a beta of 0.59. Apartment Investment and Management has a 1-year low of $41.18 and a 1-year high of $52.00.

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.04%. The ex-dividend date was Thursday, May 16th. Apartment Investment and Management’s payout ratio is 61.18%.

In other Apartment Investment and Management news, insider Miles Cortez sold 6,205 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $50.30, for a total transaction of $312,111.50. Following the completion of the transaction, the insider now owns 101,876 shares of the company’s stock, valued at $5,124,362.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.83% of the company’s stock.

Large investors have recently made changes to their positions in the company. Investors Research Corp purchased a new stake in shares of Apartment Investment and Management in the first quarter valued at $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Apartment Investment and Management in the fourth quarter valued at $26,000. Optimum Investment Advisors grew its position in shares of Apartment Investment and Management by 214.1% in the first quarter. Optimum Investment Advisors now owns 2,199 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 1,499 shares during the period. Dupont Capital Management Corp grew its position in shares of Apartment Investment and Management by 38.0% in the fourth quarter. Dupont Capital Management Corp now owns 2,262 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 623 shares during the period. Finally, Fort L.P. purchased a new stake in shares of Apartment Investment and Management in the fourth quarter valued at $119,000. 96.13% of the stock is owned by institutional investors and hedge funds.

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.

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

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