Q2 2019 EPS Estimates for Apartment Investment and Management Co Cut by SunTrust Banks (NYSE:AIV)

Apartment Investment and Management Co (NYSE:AIV) – Equities research analysts at SunTrust Banks dropped their Q2 2019 earnings per share estimates for Apartment Investment and Management in a research report issued on Wednesday, June 12th. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will earn $0.62 per share for the quarter, down from their prior forecast of $0.63. SunTrust Banks currently has a “Hold” rating and a $48.00 target price on the stock. SunTrust Banks also issued estimates for Apartment Investment and Management’s Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $2.48 EPS, Q1 2020 earnings at $0.64 EPS, Q2 2020 earnings at $0.65 EPS, Q3 2020 earnings at $0.64 EPS, Q4 2020 earnings at $0.65 EPS and FY2020 earnings at $2.59 EPS.

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

Several other brokerages also recently commented on AIV. Zacks Investment Research upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Barclays restated a “hold” rating and issued a $51.00 price target on shares of Apartment Investment and Management in a research report on Tuesday, April 16th. BMO Capital Markets reiterated a “hold” rating and issued a $54.00 price objective on shares of Apartment Investment and Management in a research note on Monday, March 25th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Apartment Investment and Management in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $49.43.

Shares of NYSE:AIV opened at $51.38 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $7.64 billion, a P/E ratio of 20.23, a PEG ratio of 3.90 and a beta of 0.59. Apartment Investment and Management has a 52 week low of $40.69 and a 52 week high of $52.00.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a $0.39 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.56 annualized dividend and a yield of 3.04%. Apartment Investment and Management’s dividend payout ratio is presently 61.18%.

In other Apartment Investment and Management news, insider Miles Cortez sold 6,205 shares of the company’s 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 transaction, the insider now owns 101,876 shares in the company, valued at approximately $5,124,362.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.83% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in AIV. Investors Research Corp acquired a new position in shares of Apartment Investment and Management during the 1st quarter worth $25,000. Altshuler Shaham Ltd acquired a new position in shares of Apartment Investment and Management during the 4th quarter worth $26,000. USA Financial Portformulas Corp acquired a new position in shares of Apartment Investment and Management during the 1st quarter worth $42,000. Optimum Investment Advisors increased its stake in shares of Apartment Investment and Management by 214.1% during the 1st quarter. Optimum Investment Advisors now owns 2,199 shares of the real estate investment trust’s stock worth $111,000 after purchasing an additional 1,499 shares during the last quarter. Finally, Dupont Capital Management Corp increased its stake in shares of Apartment Investment and Management by 38.0% during the 4th quarter. Dupont Capital Management Corp now owns 2,262 shares of the real estate investment trust’s stock worth $99,000 after purchasing an additional 623 shares during the last quarter. Hedge funds and other institutional investors own 96.19% 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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