Equities research analysts expect Apartment Investment and Management Co (NYSE:AIV) to announce earnings of $0.65 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Apartment Investment and Management’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.65. Apartment Investment and Management also reported earnings per share of $0.65 during the same quarter last year. The firm is scheduled to issue its next quarterly earnings results on Monday, February 3rd.

According to Zacks, analysts expect that Apartment Investment and Management will report full year earnings of $2.49 per share for the current year, with EPS estimates ranging from $2.44 to $2.51. For the next financial year, analysts anticipate that the business will report earnings of $2.62 per share, with EPS estimates ranging from $2.58 to $2.63. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Apartment Investment and Management.

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

A number of equities analysts have commented on AIV shares. BMO Capital Markets upgraded shares of Apartment Investment and Management from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $56.00 to $58.00 in a research report on Friday, September 6th. 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. Barclays set a $53.00 price target on shares of Apartment Investment and Management and gave the company a “hold” rating in a research report on Friday, October 11th. Mizuho upgraded shares of Apartment Investment and Management from a “neutral” rating to a “buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, August 6th. Finally, TheStreet lowered shares of Apartment Investment and Management from a “b” rating to a “c+” rating in a research report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $55.83.

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of Apartment Investment and Management by 0.4% during the third quarter. State Street Corp now owns 9,412,335 shares of the real estate investment trust’s stock worth $490,759,000 after purchasing an additional 39,864 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Apartment Investment and Management by 10.1% during the third quarter. Daiwa Securities Group Inc. now owns 4,439,017 shares of the real estate investment trust’s stock worth $231,450,000 after purchasing an additional 406,949 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Apartment Investment and Management by 191.5% during the second quarter. Nuveen Asset Management LLC now owns 1,852,566 shares of the real estate investment trust’s stock worth $92,850,000 after purchasing an additional 1,217,071 shares in the last quarter. Morgan Stanley lifted its position in shares of Apartment Investment and Management by 43.2% during the second quarter. Morgan Stanley now owns 1,815,925 shares of the real estate investment trust’s stock worth $91,014,000 after purchasing an additional 547,576 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Apartment Investment and Management by 12.5% during the second quarter. Bank of New York Mellon Corp now owns 1,707,843 shares of the real estate investment trust’s stock worth $85,597,000 after purchasing an additional 189,955 shares in the last quarter. Hedge funds and other institutional investors own 99.02% of the company’s stock.

Shares of Apartment Investment and Management stock traded down $1.42 during trading on Monday, hitting $52.35. 811,012 shares of the company’s stock traded hands, compared to its average volume of 1,070,953. The company has a market cap of $8.01 billion, a PE ratio of 20.53, a PEG ratio of 4.68 and a beta of 0.50. Apartment Investment and Management has a twelve month low of $42.06 and a twelve month high of $55.49. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.23 and a quick ratio of 0.23. The firm’s fifty day moving average price is $53.98 and its 200 day moving average price is $51.65.

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.39 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.56 dividend on an annualized basis and a yield of 2.98%. Apartment Investment and Management’s dividend payout ratio (DPR) 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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