Apartment Investment and Management (NYSE:AIV) Updates FY 2024 Earnings Guidance

Apartment Investment and Management (NYSE:AIV) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of -0.500–0.400 for the period, compared to the consensus estimate of -0.400. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several brokerages recently commented on AIV. TheStreet raised shares of Apartment Investment and Management from a d+ rating to a c- rating in a research note on Tuesday, January 16th. StockNews.com cut Apartment Investment and Management from a hold rating to a sell rating in a report on Monday, February 26th.

Apartment Investment and Management Trading Down 0.5 %

Apartment Investment and Management stock traded down $0.04 during trading hours on Wednesday, reaching $8.24. 458,404 shares of the company’s stock were exchanged, compared to its average volume of 1,006,509. The firm’s 50 day simple moving average is $7.88 and its 200 day simple moving average is $7.45. Apartment Investment and Management has a twelve month low of $5.63 and a twelve month high of $8.93. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 2.73. The firm has a market capitalization of $1.19 billion, a PE ratio of -7.08 and a beta of 1.30.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Thursday, February 22nd. The real estate investment trust reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($1.01). The business had revenue of $49.35 million during the quarter. Apartment Investment and Management had a negative return on equity of 30.04% and a negative net margin of 88.87%.

Apartment Investment and Management Company Profile

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.