Apartment Investment and Management (NYSE:AIV – Get Free Report) posted its quarterly earnings data on Wednesday. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.02, RTT News reports. Apartment Investment and Management had a negative net margin of 88.87% and a negative return on equity of 30.04%. The firm had revenue of $50.20 million for the quarter, compared to the consensus estimate of $49.85 million. Apartment Investment and Management updated its FY 2024 guidance to -0.500–0.400 EPS.
Apartment Investment and Management Price Performance
AIV traded down $0.06 on Thursday, hitting $8.18. 978,084 shares of the company’s stock were exchanged, compared to its average volume of 1,006,193. Apartment Investment and Management has a fifty-two week low of $5.63 and a fifty-two week high of $8.93. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 2.73. The firm has a 50-day moving average price of $7.90 and a 200-day moving average price of $7.45. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -6.99 and a beta of 1.30.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. StockNews.com lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research report on Monday, February 26th. TheStreet raised shares of Apartment Investment and Management from a “d+” rating to a “c-” rating in a research note on Tuesday, January 16th.
About Apartment Investment and Management
Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco's mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.
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