Apartment Investment and Management Co (NYSE:AIV) Forecasted to Post FY2019 Earnings of $2.50 Per Share

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Apartment Investment and Management Co (NYSE:AIV) – KeyCorp lifted their FY2019 earnings per share (EPS) estimates for shares of Apartment Investment and Management in a research note issued to investors on Tuesday, July 9th. KeyCorp analyst A. Wurschmidt now forecasts that the real estate investment trust will post earnings per share of $2.50 for the year, up from their previous forecast of $2.48.

A number of other research firms also recently commented on AIV. Barclays set a €45.00 ($52.33) target price on Zalando and gave the stock a “buy” rating in a research report on Tuesday, April 16th. BMO Capital Markets reiterated a “hold” rating and set a $54.00 target price on shares of Apartment Investment and Management in a research report on Monday, March 25th. Finally, Zacks Investment Research downgraded Great Portland Estates from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Apartment Investment and Management currently has an average rating of “Hold” and an average price target of $49.43.

AIV opened at $51.74 on Friday. The business’s fifty day moving average price is $50.87. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $7.70 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 3.92 and a beta of 0.55. Apartment Investment and Management has a one year low of $41.18 and a one year high of $52.49.

Apartment Investment and Management (NYSE:AIV) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.61 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.61. The company had revenue of $230.24 million for the quarter, compared to the consensus estimate of $226.53 million. Apartment Investment and Management had a return on equity of 48.32% and a net margin of 89.47%. Apartment Investment and Management’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share.

Several large investors have recently modified their holdings of AIV. 6 Meridian increased its stake in Apartment Investment and Management by 2.1% during the second quarter. 6 Meridian now owns 10,213 shares of the real estate investment trust’s stock worth $512,000 after acquiring an additional 214 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Apartment Investment and Management by 4.8% during the second quarter. Nisa Investment Advisors LLC now owns 108,745 shares of the real estate investment trust’s stock worth $5,450,000 after acquiring an additional 5,024 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Apartment Investment and Management during the second quarter worth about $557,000. Hexavest Inc. acquired a new stake in Apartment Investment and Management during the second quarter worth about $22,138,000. Finally, WINTON GROUP Ltd increased its stake in Apartment Investment and Management by 33.8% during the second quarter. WINTON GROUP Ltd now owns 854,663 shares of the real estate investment trust’s stock worth $42,836,000 after acquiring an additional 215,687 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

In other news, insider Miles Cortez sold 6,205 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $50.30, for a total value of $312,111.50. Following the sale, the insider now directly owns 101,876 shares in the company, valued at $5,124,362.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.83% of the stock is owned by corporate insiders.

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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