Wall Street analysts expect Apartment Investment and Management Company (NYSE:AIV) to post $0.63 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Apartment Investment and Management’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.66. Apartment Investment and Management reported earnings of $1.03 per share during the same quarter last year, which would indicate a negative year over year growth rate of 38.8%. The business is expected to issue its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Apartment Investment and Management will report full year earnings of $2.45 per share for the current financial year, with EPS estimates ranging from $2.43 to $2.46. For the next fiscal year, analysts expect that the firm will report earnings of $2.56 per share, with EPS estimates ranging from $2.52 to $2.60. Zacks’ earnings per share averages are an 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 earnings results on Thursday, October 26th. The real estate investment trust reported $0.11 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.51). Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. The firm had revenue of $254.64 million during the quarter, compared to analysts’ expectations of $249.17 million. During the same period in the previous year, the firm earned $0.54 earnings per share.

AIV has been the topic of a number of research analyst reports. BidaskClub raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. UBS downgraded shares of Apartment Investment and Management from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a research report on Friday, September 8th. Robert W. Baird reissued a “hold” rating and set a $46.00 price objective on shares of Apartment Investment and Management in a research report on Tuesday, September 12th. Zacks Investment Research downgraded shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Finally, BMO Capital Markets reissued a “sell” rating on shares of Apartment Investment and Management in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $47.89.

Shares of Apartment Investment and Management (AIV) traded down $0.10 during trading on Friday, reaching $43.99. 995,927 shares of the company’s stock were exchanged, compared to its average volume of 900,064. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.35. The stock has a market cap of $6,907.44, a P/E ratio of 18.18, a P/E/G ratio of 2.65 and a beta of 0.46. Apartment Investment and Management has a fifty-two week low of $41.39 and a fifty-two week high of $46.85.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 17th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date was Thursday, November 16th. Apartment Investment and Management’s payout ratio is currently 109.92%.

In other news, CEO Terry Considine sold 111,577 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $44.01, for a total value of $4,910,503.77. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider John E. Bezzant sold 7,564 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $44.77, for a total transaction of $338,640.28. Following the completion of the sale, the insider now directly owns 48,422 shares in the company, valued at $2,167,852.94. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Schroder Investment Management Group bought a new position in Apartment Investment and Management in the 2nd quarter worth about $124,000. Vident Investment Advisory LLC bought a new position in Apartment Investment and Management in the 3rd quarter worth about $202,000. Raymond James Trust N.A. bought a new position in Apartment Investment and Management in the 2nd quarter worth about $217,000. Shelton Capital Management bought a new position in Apartment Investment and Management in the 2nd quarter worth about $246,000. Finally, CAPROCK Group Inc. bought a new position in Apartment Investment and Management in the 3rd quarter worth about $251,000. 98.30% of the stock is currently owned by hedge funds and other institutional investors.

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About Apartment Investment and Management

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.

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

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