Brokerages Anticipate Apartment Investment and Management Co (AIV) Will Announce Quarterly Sales of $238.01 Million

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Equities research analysts forecast that Apartment Investment and Management Co (NYSE:AIV) will post sales of $238.01 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Apartment Investment and Management’s earnings. The highest sales estimate is $241.22 million and the lowest is $234.79 million. Apartment Investment and Management reported sales of $247.72 million in the same quarter last year, which indicates a negative year over year growth rate of 3.9%. The business is expected to report its next quarterly earnings report on Monday, May 6th.

According to Zacks, analysts expect that Apartment Investment and Management will report full-year sales of $961.24 million for the current financial year, with estimates ranging from $944.55 million to $985.00 million. For the next financial year, analysts anticipate that the business will post sales of $981.49 million, with estimates ranging from $973.83 million to $987.25 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Apartment Investment and Management.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.61). The company had revenue of $232.00 million for the quarter, compared to analyst estimates of $234.44 million. Apartment Investment and Management had a return on equity of 39.20% and a net margin of 68.29%. Apartment Investment and Management’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 earnings per share.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Monday, November 26th. BMO Capital Markets reiterated a “hold” rating and issued a $47.00 target price on shares of Apartment Investment and Management in a research report on Monday, February 4th. Barclays downgraded shares of Apartment Investment and Management from an “overweight” rating to an “equal weight” rating and set a $49.00 price objective for the company. in a report on Monday, February 4th. ValuEngine raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. Finally, Wells Fargo & Co set a $50.00 price objective on Apartment Investment and Management and gave the company a “buy” rating in a research report on Friday, November 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $47.75.

NYSE:AIV remained flat at $$49.25 during mid-day trading on Monday. The company had a trading volume of 1,722,809 shares, compared to its average volume of 1,292,535. The firm has a market capitalization of $7.70 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 3.58 and a beta of 0.71. Apartment Investment and Management has a fifty-two week low of $37.97 and a fifty-two week high of $49.92. The company has a quick ratio of 0.43, a current ratio of 0.32 and a debt-to-equity ratio of 2.50.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, February 22nd will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.17%. This is a positive change from Apartment Investment and Management’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, February 21st. Apartment Investment and Management’s payout ratio is presently 61.54%.

In other Apartment Investment and Management news, EVP Lisa R. Cohn sold 831 shares of the business’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $48.00, for a total transaction of $39,888.00. Following the completion of the transaction, the executive vice president now owns 72,923 shares in the company, valued at approximately $3,500,304. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa R. Cohn sold 1,879 shares of the business’s stock in a transaction on Wednesday, January 30th. The stock was sold at an average price of $48.64, for a total value of $91,394.56. Following the transaction, the insider now owns 72,923 shares of the company’s stock, valued at approximately $3,546,974.72. The disclosure for this sale can be found here. Insiders have sold a total of 6,210 shares of company stock valued at $294,628 over the last three months. 1.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new stake in Apartment Investment and Management in the fourth quarter worth about $26,000. We Are One Seven LLC acquired a new stake in shares of Apartment Investment and Management in the 4th quarter worth approximately $39,000. Private Capital Group LLC lifted its stake in shares of Apartment Investment and Management by 24.5% in the 4th quarter. Private Capital Group LLC now owns 1,101 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 217 shares during the period. Dupont Capital Management Corp lifted its stake in shares of Apartment Investment and Management by 38.0% in the 4th quarter. Dupont Capital Management Corp now owns 2,262 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 623 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Apartment Investment and Management in the 3rd quarter worth approximately $118,000. Institutional investors own 99.42% 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 133 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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