Apartment Investment and Management Company (NYSE:AIV) – KeyCorp lifted their FY2017 earnings per share (EPS) estimates for shares of Apartment Investment and Management in a report released on Monday. KeyCorp analyst A. Wurschmidt now anticipates that the real estate investment trust will post earnings of $2.46 per share for the year, up from their prior forecast of $2.44.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, July 27th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. Apartment Investment and Management had a net margin of 20.64% and a return on equity of 12.46%. The company had revenue of $246.24 million for the quarter, compared to analyst estimates of $240.78 million. During the same period in the prior year, the business earned $0.59 earnings per share. Apartment Investment and Management’s quarterly revenue was up 1.4% on a year-over-year basis.

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A number of other research firms also recently weighed in on AIV. BidaskClub upgraded shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research note on Friday. Canaccord Genuity set a $50.00 price target on shares of Apartment Investment and Management and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Barclays PLC raised their price target on shares of Apartment Investment and Management from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Bank of America Corporation downgraded shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research note on Friday, June 16th. Finally, Zacks Investment Research downgraded shares of Apartment Investment and Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.88.

Apartment Investment and Management (NYSE AIV) opened at 46.18 on Tuesday. Apartment Investment and Management has a 12 month low of $39.66 and a 12 month high of $47.91. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 36.36 and a beta of 0.44. The stock’s 50 day moving average is $44.10 and its 200-day moving average is $44.21.

Large investors have recently bought and sold shares of the company. US Bancorp DE increased its position in shares of Apartment Investment and Management by 7.6% in the first quarter. US Bancorp DE now owns 73,724 shares of the real estate investment trust’s stock worth $3,270,000 after buying an additional 5,188 shares during the period. Capital Fund Management S.A. purchased a new position in shares of Apartment Investment and Management during the first quarter worth about $3,335,000. Flinton Capital Management LLC increased its position in shares of Apartment Investment and Management by 12.3% in the first quarter. Flinton Capital Management LLC now owns 12,444 shares of the real estate investment trust’s stock worth $552,000 after buying an additional 1,360 shares during the period. Tyers Asset Management LLC increased its position in shares of Apartment Investment and Management by 12.3% in the first quarter. Tyers Asset Management LLC now owns 10,248 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 1,120 shares during the period. Finally, State Treasurer State of Michigan increased its position in shares of Apartment Investment and Management by 0.4% in the first quarter. State Treasurer State of Michigan now owns 51,528 shares of the real estate investment trust’s stock worth $2,285,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 18th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.44 annualized dividend and a yield of 3.12%. Apartment Investment and Management’s dividend payout ratio is presently 113.39%.

Apartment Investment and Management Company Profile

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It operates through two segments: conventional real estate and affordable real estate.

Earnings History and Estimates for Apartment Investment and Management (NYSE:AIV)

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