Analysts expect Apartment Investment and Management Company (NYSE:AIV) to report sales of $248.29 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Apartment Investment and Management’s earnings, with the highest sales estimate coming in at $253.26 million and the lowest estimate coming in at $241.80 million. Apartment Investment and Management reported sales of $249.49 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.5%. The firm is expected to report its next quarterly earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Apartment Investment and Management will report full year sales of $248.29 million for the current fiscal year, with estimates ranging from $969.20 million to $995.23 million. For the next financial year, analysts expect that the company will post sales of $1.00 billion per share, with estimates ranging from $986.47 million to $1.03 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Apartment Investment and Management.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.51). The company had revenue of $254.64 million for the quarter, compared to the consensus estimate of $249.17 million. Apartment Investment and Management had a net margin of 21.36% and a return on equity of 13.81%. During the same quarter in the previous year, the business earned $0.54 EPS.

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

Shares of Apartment Investment and Management (AIV) opened at $43.94 on Tuesday. The stock has a market cap of $6,907.46, a P/E ratio of 18.18, a PEG ratio of 2.65 and a beta of 0.46. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 3.35. Apartment Investment and Management has a 1 year low of $41.43 and a 1 year high of $46.85.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Friday, November 17th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, November 16th. Apartment Investment and Management’s payout ratio is 109.92%.

In other news, insider John E. Bezzant sold 7,564 shares of Apartment Investment and Management stock in a transaction on 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Terry Considine sold 111,577 shares of Apartment Investment and Management stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $44.01, for a total value of $4,910,503.77. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Schroder Investment Management Group bought a new stake in shares of Apartment Investment and Management in the second quarter valued at about $124,000. Vident Investment Advisory LLC bought a new stake in shares of Apartment Investment and Management in the third quarter valued at about $202,000. Raymond James Trust N.A. bought a new stake in shares of Apartment Investment and Management in the second quarter valued at about $217,000. Shelton Capital Management bought a new stake in shares of Apartment Investment and Management in the second quarter valued at about $246,000. Finally, CAPROCK Group Inc. bought a new stake in shares of Apartment Investment and Management in the third quarter valued at about $251,000. Hedge funds and other institutional investors own 98.30% of the company’s stock.

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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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