Wall Street brokerages expect Apartment Investment and Management Co (NYSE:AIV) to report earnings per share of $0.63 for the current quarter, according to Zacks. Four analysts have issued estimates for Apartment Investment and Management’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.62. Apartment Investment and Management also reported earnings per share of $0.63 in the same quarter last year. The company is scheduled to issue its next earnings report after the market closes on Monday, February 4th.

On average, analysts expect that Apartment Investment and Management will report full year earnings of $2.48 per share for the current financial year, with EPS estimates ranging from $2.46 to $2.49. For the next financial year, analysts expect that the firm will report earnings of $2.55 per share, with EPS estimates ranging from $2.52 to $2.61. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Apartment Investment and Management.

Apartment Investment and Management (NYSE:AIV) last announced 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. The company had revenue of $242.48 million during the quarter, compared to the consensus estimate of $239.80 million. Apartment Investment and Management had a net margin of 92.50% and a return on equity of 55.25%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share.

Several brokerages recently weighed in on AIV. Zacks Investment Research raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Monday, November 26th. ValuEngine raised shares of Apartment Investment and Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 20th. Wells Fargo & Co set a $50.00 target price on shares of Apartment Investment and Management and gave the stock a “buy” rating in a research report on Friday, November 16th. TheStreet raised shares of Apartment Investment and Management from a “c+” rating to a “b” rating in a research report on Thursday, November 1st. Finally, Scotiabank assumed coverage on shares of Apartment Investment and Management in a research report on Tuesday, October 16th. They issued an “underperform” rating for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.88.

In other Apartment Investment and Management news, Director Thomas L. Keltner sold 3,500 shares of Apartment Investment and Management stock in a transaction that occurred on Monday, December 17th. The shares were sold at an average price of $46.67, for a total value of $163,345.00. Following the completion of the sale, the director now owns 37,829 shares of the company’s stock, valued at approximately $1,765,479.43. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Lisa R. Cohn sold 5,000 shares of Apartment Investment and Management stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 73,754 shares of the company’s stock, valued at approximately $3,364,657.48. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc grew its position in shares of Apartment Investment and Management by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 25,432,876 shares of the real estate investment trust’s stock valued at $1,122,352,000 after acquiring an additional 139,888 shares during the period. Legal & General Group Plc grew its position in shares of Apartment Investment and Management by 0.6% during the 3rd quarter. Legal & General Group Plc now owns 608,683 shares of the real estate investment trust’s stock valued at $26,861,000 after acquiring an additional 3,564 shares during the period. Standard Life Aberdeen plc grew its position in shares of Apartment Investment and Management by 18.1% during the 3rd quarter. Standard Life Aberdeen plc now owns 32,648 shares of the real estate investment trust’s stock valued at $1,441,000 after acquiring an additional 4,994 shares during the period. Rehmann Capital Advisory Group grew its position in shares of Apartment Investment and Management by 4,153.6% during the 3rd quarter. Rehmann Capital Advisory Group now owns 8,252 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 8,058 shares during the period. Finally, Nordea Investment Management AB bought a new stake in shares of Apartment Investment and Management during the 3rd quarter valued at $11,613,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Shares of AIV opened at $45.42 on Wednesday. The company has a market cap of $6.87 billion, a P/E ratio of 18.54, a PEG ratio of 3.27 and a beta of 0.56. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 1.76. Apartment Investment and Management has a twelve month low of $37.97 and a twelve month high of $47.66.

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 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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