Wall Street brokerages expect that Apartment Investment and Management Co (NYSE:AIV) will report earnings of $0.61 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Apartment Investment and Management’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.59. Apartment Investment and Management posted earnings per share of $0.63 during the same quarter last year, which would suggest a negative year over year growth rate of 3.2%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, August 1st.

According to Zacks, 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 firm will post earnings of $2.61 per share, with EPS estimates ranging from $2.55 to $2.69. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Apartment Investment and Management.

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

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets restated a “hold” rating and set a $54.00 price target on shares of Apartment Investment and Management in a research note on Monday, March 25th. Zacks Investment Research lowered shares of Great Portland Estates from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Finally, Barclays set a €45.00 ($52.33) price target on shares of Zalando and gave the stock a “buy” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.43.

Shares of AIV stock traded down $0.74 during trading hours on Thursday, hitting $51.61. 946,100 shares of the company were exchanged, compared to its average volume of 1,149,926. The company’s fifty day moving average price is $50.85. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.68 and a quick ratio of 0.68. Apartment Investment and Management has a 52-week low of $41.18 and a 52-week high of $52.49. The firm has a market cap of $7.60 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 3.88 and a beta of 0.55.

In related news, insider Miles Cortez sold 6,205 shares of Apartment Investment and Management stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $50.30, for a total value of $312,111.50. Following the completion of the transaction, the insider now directly owns 101,876 shares in the company, valued at approximately $5,124,362.80. The transaction 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 insiders.

A number of institutional investors have recently added to or reduced their stakes in AIV. Norges Bank acquired a new position in Apartment Investment and Management in the 4th quarter worth about $72,158,000. AJO LP lifted its holdings in Apartment Investment and Management by 113.6% during the first quarter. AJO LP now owns 1,708,262 shares of the real estate investment trust’s stock worth $85,908,000 after acquiring an additional 908,403 shares in the last quarter. Millennium Management LLC lifted its holdings in Apartment Investment and Management by 1,121.4% during the fourth quarter. Millennium Management LLC now owns 829,481 shares of the real estate investment trust’s stock worth $36,398,000 after acquiring an additional 761,569 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Apartment Investment and Management by 172.3% in the fourth quarter. Deutsche Bank AG now owns 958,789 shares of the real estate investment trust’s stock valued at $42,066,000 after purchasing an additional 606,725 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Apartment Investment and Management by 7.7% in the first quarter. Principal Financial Group Inc. now owns 8,204,694 shares of the real estate investment trust’s stock valued at $412,614,000 after purchasing an additional 589,211 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

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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