Apartment Investment and Management (NYSE:AIV) will post its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Apartment Investment and Management to post earnings of $0.63 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). Apartment Investment and Management had a net margin of 98.61% and a return on equity of 49.61%. The firm had revenue of $224.20 million for the quarter, compared to analyst estimates of $224.36 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, analysts expect Apartment Investment and Management to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of AIV opened at $54.03 on Tuesday. Apartment Investment and Management has a one year low of $42.06 and a one year high of $55.06. The company has a market cap of $8.11 billion, a P/E ratio of 21.19, a P/E/G ratio of 4.84 and a beta of 0.54. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.22 and a quick ratio of 0.22. The firm has a 50 day simple moving average of $52.67 and a two-hundred day simple moving average of $50.96.
Several research analysts have commented on the stock. Zelman & Associates upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. Mizuho upgraded shares of Apartment Investment and Management from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Tuesday, August 6th. Barclays set a $53.00 price target on shares of Apartment Investment and Management and gave the stock a “hold” rating in a report on Friday, October 11th. ValuEngine downgraded shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, SunTrust Banks upped their price target on shares of Apartment Investment and Management from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $53.17.
In other news, Director Kathleen M. Nelson sold 2,400 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $50.16, for a total transaction of $120,384.00. Following the completion of the transaction, the director now directly owns 44,329 shares in the company, valued at $2,223,542.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.83% of the stock is currently owned by corporate insiders.
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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