Analysts expect that Apartment Investment and Management Co (NYSE:AIV) will announce sales of $237.24 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Apartment Investment and Management’s earnings, with the lowest sales estimate coming in at $234.42 million and the highest estimate coming in at $240.08 million. Apartment Investment and Management reported sales of $255.23 million during the same quarter last year, which indicates a negative year-over-year growth rate of 7%. The business is expected to report its next quarterly earnings report on Thursday, February 7th.
On average, analysts expect that Apartment Investment and Management will report full year sales of $970.53 million for the current financial year, with estimates ranging from $967.82 million to $973.47 million. For the next year, analysts expect that the business will report sales of $966.03 million, with estimates ranging from $944.55 million to $985.00 million. Zacks’ sales calculations 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 posted its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $3.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $3.00. Apartment Investment and Management had a net margin of 92.50% and a return on equity of 55.25%. The firm had revenue of $242.48 million during the quarter, compared to the consensus estimate of $239.80 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis.
NYSE:AIV traded up $0.94 during trading hours on Monday, reaching $47.09. The company’s stock had a trading volume of 2,136,061 shares, compared to its average volume of 1,133,046. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 4.01 and a beta of 0.44. Apartment Investment and Management has a 12 month low of $37.97 and a 12 month high of $47.17. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.76.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Thursday, November 15th. Apartment Investment and Management’s dividend payout ratio (DPR) is 62.04%.
In other news, insider Lisa R. Cohn sold 5,000 shares of the company’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $45.62, for a total transaction of $228,100.00. Following the transaction, the insider now directly owns 73,754 shares of the company’s stock, valued at $3,364,657.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new position in shares of Apartment Investment and Management during the third quarter worth $118,000. Honkamp Krueger Financial Services Inc. acquired a new position in shares of Apartment Investment and Management during the third quarter worth $130,000. Quad Cities Investment Group LLC acquired a new position in shares of Apartment Investment and Management during the second quarter worth $150,000. Advisors Asset Management Inc. increased its position in shares of Apartment Investment and Management by 114.5% during the second quarter. Advisors Asset Management Inc. now owns 4,122 shares of the real estate investment trust’s stock worth $174,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its position in shares of Apartment Investment and Management by 4,153.6% during the third quarter. Rehmann Capital Advisory Group now owns 8,252 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 8,058 shares in the last quarter.
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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