Apartment Investment and Management Co (NYSE:AIV) – KeyCorp boosted their FY2018 EPS estimates for shares of Apartment Investment and Management in a research report issued to clients and investors on Sunday, December 2nd. KeyCorp analyst A. Wurschmidt now anticipates that the real estate investment trust will post earnings per share of $2.56 for the year, up from their previous estimate of $2.43. KeyCorp also issued estimates for Apartment Investment and Management’s FY2019 earnings at $2.56 EPS.

AIV has been the topic of several other research reports. Zacks Investment Research reiterated a “sell” rating on shares of Apartment Investment and Management in a research note on Monday, November 12th. TheStreet upgraded shares of Apartment Investment and Management from a “c+” rating to a “b” rating in a research note on Thursday, November 1st. Scotiabank assumed coverage on shares of Apartment Investment and Management in a research note on Tuesday, October 16th. They issued an “underperform” rating on the stock. ValuEngine upgraded shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Finally, Jefferies Financial Group boosted their price objective on shares of Apartment Investment and Management from $42.00 to $46.00 and gave the company a “hold” rating in a report on Thursday, August 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $46.80.

Shares of NYSE AIV opened at $47.29 on Wednesday. The company has a market capitalization of $7.17 billion, a PE ratio of 19.30, a PEG ratio of 3.99 and a beta of 0.51. Apartment Investment and Management has a 52-week low of $37.97 and a 52-week high of $47.46. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.43 and a current ratio of 0.43.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $3.00. The firm had revenue of $242.48 million for the quarter, compared to the consensus estimate of $239.80 million. Apartment Investment and Management had a net margin of 92.50% and a return on equity of 55.25%. The business’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in Apartment Investment and Management by 0.4% during the third quarter. Victory Capital Management Inc. now owns 304,769 shares of the real estate investment trust’s stock valued at $13,449,000 after buying an additional 1,201 shares during the last quarter. Amica Retiree Medical Trust increased its holdings in Apartment Investment and Management by 11.0% during the third quarter. Amica Retiree Medical Trust now owns 12,318 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 1,222 shares during the last quarter. Fifth Third Bancorp increased its holdings in Apartment Investment and Management by 4.5% during the third quarter. Fifth Third Bancorp now owns 41,082 shares of the real estate investment trust’s stock valued at $1,813,000 after buying an additional 1,773 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its holdings in Apartment Investment and Management by 25.4% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,035 shares of the real estate investment trust’s stock valued at $398,000 after buying an additional 1,830 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Apartment Investment and Management by 2.6% during the third quarter. Nisa Investment Advisors LLC now owns 74,404 shares of the real estate investment trust’s stock valued at $3,283,000 after buying an additional 1,900 shares during the last quarter.

In other news, insider Lisa R. Cohn sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $45.62, for a total transaction of $228,100.00. Following the completion of the transaction, the insider now directly owns 73,754 shares of the company’s stock, valued at $3,364,657.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 3.21%. Apartment Investment and Management’s payout ratio is 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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