FY2019 EPS Estimates for Apartment Investment and Management Co Increased by Analyst (NYSE:AIV)

Apartment Investment and Management Co (NYSE:AIV) – Equities research analysts at SunTrust Banks upped their FY2019 earnings estimates for Apartment Investment and Management in a report released on Wednesday, November 27th. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings per share of $2.50 for the year, up from their previous estimate of $2.48. SunTrust Banks has a “Hold” rating and a $54.00 price target on the stock. SunTrust Banks also issued estimates for Apartment Investment and Management’s Q4 2019 earnings at $0.65 EPS.

A number of other research analysts have also recently commented on the stock. Zelman & Associates upgraded shares of Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Monday, August 12th. BMO Capital Markets upgraded shares of Apartment Investment and Management from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $56.00 to $58.00 in a report on Friday, September 6th. TheStreet cut shares of Apartment Investment and Management from a “b” rating to a “c+” rating in a research note on Thursday, October 31st. Barclays set a $53.00 price objective on shares of Apartment Investment and Management and gave the company a “hold” rating in a research note on Friday, October 11th. Finally, Goldman Sachs Group started coverage on shares of Apartment Investment and Management in a report on Friday, November 8th. They set a “buy” rating and a $62.00 target price on the stock. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $55.83.

Shares of AIV opened at $52.90 on Monday. The firm has a market cap of $8.01 billion, a P/E ratio of 20.75, a P/E/G ratio of 4.68 and a beta of 0.50. The stock has a 50 day simple moving average of $53.95 and a two-hundred day simple moving average of $51.71. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.23 and a quick ratio of 0.23. Apartment Investment and Management has a 1 year low of $42.06 and a 1 year high of $55.49.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its stake in shares of Apartment Investment and Management by 1.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 15,498 shares of the real estate investment trust’s stock worth $808,000 after buying an additional 192 shares during the period. Advisor Partners LLC grew its holdings in Apartment Investment and Management by 5.7% in the 3rd quarter. Advisor Partners LLC now owns 4,335 shares of the real estate investment trust’s stock worth $226,000 after acquiring an additional 232 shares during the last quarter. USA Financial Portformulas Corp increased its position in shares of Apartment Investment and Management by 31.3% in the second quarter. USA Financial Portformulas Corp now owns 1,103 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 263 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of Apartment Investment and Management by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 16,552 shares of the real estate investment trust’s stock valued at $830,000 after acquiring an additional 297 shares during the period. Finally, M&T Bank Corp raised its stake in shares of Apartment Investment and Management by 3.6% during the second quarter. M&T Bank Corp now owns 10,553 shares of the real estate investment trust’s stock valued at $528,000 after acquiring an additional 371 shares during the last quarter. Institutional investors and hedge funds own 99.02% of the company’s stock.

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

About Apartment Investment and Management

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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