Apartment Investment and Management Co (NYSE:AIV) Expected to Announce Quarterly Sales of $226.80 Million

Wall Street analysts expect Apartment Investment and Management Co (NYSE:AIV) to post sales of $226.80 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Apartment Investment and Management’s earnings. The lowest sales estimate is $223.00 million and the highest is $229.76 million. Apartment Investment and Management reported sales of $232.02 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.2%. The company is scheduled to issue its next quarterly earnings report on Monday, February 3rd.

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On average, analysts expect that Apartment Investment and Management will report full year sales of $908.66 million for the current year, with estimates ranging from $900.00 million to $913.07 million. For the next financial year, analysts anticipate that the business will report sales of $929.14 million, with estimates ranging from $921.58 million to $937.31 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Apartment Investment and Management.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.62). The firm had revenue of $229.80 million during the quarter, compared to analysts’ expectations of $224.73 million. Apartment Investment and Management had a return on equity of 19.60% and a net margin of 37.98%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.61 earnings per share.

A number of equities analysts have recently commented on AIV shares. SunTrust Banks raised their price objective on Apartment Investment and Management from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Thursday, August 29th. BMO Capital Markets upgraded Apartment Investment and Management from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $56.00 to $58.00 in a report on Friday, September 6th. ValuEngine downgraded Apartment Investment and Management from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. TheStreet downgraded Apartment Investment and Management from a “b” rating to a “c+” rating in a report on Thursday, October 31st. Finally, Mizuho upgraded Apartment Investment and Management from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $53.17.

Shares of Apartment Investment and Management stock traded down $0.59 during trading hours on Monday, reaching $52.96. The stock had a trading volume of 890,500 shares, compared to its average volume of 1,094,026. The firm has a 50 day simple moving average of $53.29 and a two-hundred day simple moving average of $51.16. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 4.88 and a beta of 0.52. The company has a current ratio of 0.23, a quick ratio of 0.22 and a debt-to-equity ratio of 2.39. Apartment Investment and Management has a 1 year low of $42.06 and a 1 year high of $55.49.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.56 annualized dividend and a dividend yield of 2.95%. Apartment Investment and Management’s payout ratio is currently 61.18%.

In related news, Director Kathleen M. Nelson sold 2,400 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $50.16, for a total transaction of $120,384.00. Following the sale, the director now directly owns 44,329 shares in the company, valued at approximately $2,223,542.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.83% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. TCG Advisors LP acquired a new position in shares of Apartment Investment and Management in the 2nd quarter worth approximately $46,000. USA Financial Portformulas Corp grew its position in shares of Apartment Investment and Management by 31.3% in the 2nd quarter. USA Financial Portformulas Corp now owns 1,103 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 263 shares in the last quarter. Signaturefd LLC grew its position in shares of Apartment Investment and Management by 52.5% in the 3rd quarter. Signaturefd LLC now owns 1,147 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 395 shares in the last quarter. Optimum Investment Advisors grew its position in shares of Apartment Investment and Management by 22.7% in the 3rd quarter. Optimum Investment Advisors now owns 2,699 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 500 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of Apartment Investment and Management by 87,975.0% in the 2nd quarter. Assetmark Inc. now owns 3,523 shares of the real estate investment trust’s stock worth $177,000 after acquiring an additional 3,519 shares in the last quarter. Institutional investors own 95.74% 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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