Wall Street analysts expect that Apartment Investment and Management Co (NYSE:AIV) will post earnings of $0.63 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Apartment Investment and Management’s earnings, with estimates ranging from $0.60 to $0.65. Apartment Investment and Management also reported earnings per share of $0.63 during the same quarter last year. The firm is expected to report its next quarterly earnings results on Thursday, February 7th.

According to Zacks, analysts expect that Apartment Investment and Management will report full-year earnings of $2.48 per share for the current year, with EPS estimates ranging from $2.41 to $2.55. For the next financial year, analysts forecast that the firm will post earnings of $2.55 per share, with EPS estimates ranging from $2.52 to $2.61. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Apartment Investment and Management.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $3.00. Apartment Investment and Management had a return on equity of 55.25% and a net margin of 92.50%. The company had revenue of $242.48 million for the quarter, compared to analyst estimates of $239.80 million. During the same period in the previous year, the company posted $0.63 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year.

Several equities analysts recently commented on AIV shares. Zacks Investment Research cut Apartment Investment and Management from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Co set a $50.00 target price on Apartment Investment and Management and gave the stock a “buy” rating in a research report on Friday, November 16th. Jefferies Financial Group boosted their target price on Apartment Investment and Management from $42.00 to $46.00 and gave the stock a “hold” rating in a research report on Thursday, August 16th. Mizuho restated a “hold” rating and set a $44.00 target price on shares of Apartment Investment and Management in a research report on Monday, August 6th. Finally, ValuEngine upgraded Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Apartment Investment and Management presently has an average rating of “Hold” and an average target price of $46.80.

In other news, insider Lisa R. Cohn sold 5,000 shares of the company’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $45.62, for a total value of $228,100.00. Following the completion of the transaction, the insider now directly owns 73,754 shares in the company, valued at approximately $3,364,657.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Apartment Investment and Management by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 25,432,876 shares of the real estate investment trust’s stock worth $1,122,352,000 after purchasing an additional 139,888 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Apartment Investment and Management by 2.2% in the 3rd quarter. BlackRock Inc. now owns 13,642,189 shares of the real estate investment trust’s stock worth $602,030,000 after purchasing an additional 290,703 shares in the last quarter. FMR LLC boosted its holdings in shares of Apartment Investment and Management by 1.1% in the 3rd quarter. FMR LLC now owns 6,312,251 shares of the real estate investment trust’s stock worth $278,559,000 after purchasing an additional 66,717 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Apartment Investment and Management by 7.7% in the 3rd quarter. Renaissance Technologies LLC now owns 6,121,585 shares of the real estate investment trust’s stock worth $270,146,000 after purchasing an additional 439,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Apartment Investment and Management by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,483,232 shares of the real estate investment trust’s stock worth $109,581,000 after purchasing an additional 12,443 shares in the last quarter.

Apartment Investment and Management stock traded up $0.94 during midday trading on Friday, hitting $47.09. 2,136,061 shares of the company’s stock were exchanged, compared to its average volume of 1,133,046. Apartment Investment and Management has a 52-week low of $37.97 and a 52-week high of $47.17. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.76. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 4.01 and a beta of 0.44.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Thursday, November 15th. Apartment Investment and Management’s payout ratio is currently 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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