$229.33 Million in Sales Expected for Apartment Investment and Management Co (AIV) This Quarter

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Analysts expect that Apartment Investment and Management Co (NYSE:AIV) will post $229.33 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Apartment Investment and Management’s earnings. The lowest sales estimate is $226.59 million and the highest is $232.54 million. Apartment Investment and Management posted sales of $247.72 million in the same quarter last year, which suggests a negative year over year growth rate of 7.4%. The firm is scheduled to report its next quarterly earnings report on Monday, May 6th.

On average, analysts expect that Apartment Investment and Management will report full year sales of $916.66 million for the current financial year, with estimates ranging from $897.00 million to $946.48 million. For the next fiscal year, analysts anticipate that the business will post sales of $937.46 million, with estimates ranging from $922.00 million to $975.40 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Apartment Investment and Management.

Apartment Investment and Management (NYSE:AIV) last issued its quarterly earnings results on Monday, February 4th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.61). The firm had revenue of $232.00 million for the quarter, compared to analysts’ expectations of $234.44 million. Apartment Investment and Management had a return on equity of 39.20% and a net margin of 68.29%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Wells Fargo & Co reiterated a “buy” rating on shares of Apartment Investment and Management in a report on Monday, March 4th. SunTrust Banks downgraded shares of Apartment Investment and Management from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a report on Monday, February 25th. They noted that the move was a valuation call. Finally, BMO Capital Markets reiterated a “hold” rating and set a $47.00 price target on shares of Apartment Investment and Management in a report on Monday, February 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $48.13.

Shares of NYSE AIV opened at $49.54 on Thursday. The stock has a market cap of $7.18 billion, a PE ratio of 19.43, a PEG ratio of 3.72 and a beta of 0.67. Apartment Investment and Management has a 12 month low of $38.40 and a 12 month high of $50.89. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 2.49.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, February 22nd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.15%. This is an increase from Apartment Investment and Management’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, February 21st. Apartment Investment and Management’s payout ratio is presently 61.18%.

In related news, insider Patti K. Fielding sold 20,272 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $49.64, for a total value of $1,006,302.08. Following the completion of the sale, the insider now directly owns 35,187 shares in the company, valued at $1,746,682.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Miles Cortez sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $49.50, for a total transaction of $470,250.00. Following the completion of the sale, the insider now owns 101,826 shares of the company’s stock, valued at $5,040,387. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 167,177 shares of company stock valued at $8,248,379. 2.83% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd acquired a new position in Apartment Investment and Management during the fourth quarter valued at approximately $26,000. We Are One Seven LLC acquired a new position in Apartment Investment and Management during the fourth quarter valued at approximately $39,000. Private Capital Group LLC lifted its position in Apartment Investment and Management by 24.5% during the fourth quarter. Private Capital Group LLC now owns 1,101 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 217 shares in the last quarter. Dupont Capital Management Corp lifted its position in Apartment Investment and Management by 38.0% during the fourth quarter. Dupont Capital Management Corp now owns 2,262 shares of the real estate investment trust’s stock valued at $99,000 after buying an additional 623 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in Apartment Investment and Management during the third quarter valued at approximately $118,000.

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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