The Analysts Set Expectations for Apartment Investment and Management Company’s FY2018 Earnings (AIV)

The Analysts Set Expectations for Apartment Investment and Management Company’s FY2018 Earnings (AIV)

AIV has been the topic of several other research reports. Barclays PLC boosted their price target on Apartment Investment and Management Company from $48.00 to $49.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Zacks Investment Research lowered Apartment Investment and Management Company from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Bank of America Corporation lowered Apartment Investment and Management Company from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a research report on Friday, June 16th. Canaccord Genuity lowered their price target on Apartment Investment and Management Company from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Tuesday, May 2nd. Finally, Mizuho lowered Apartment Investment and Management Company from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $45.00 to $42.00 in a research report on Monday, July 10th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.38.

Apartment Investment and Management Company (NYSE:AIV) – Equities research analysts at KeyCorp raised their FY2018 earnings per share estimates for Apartment Investment and Management Company in a note issued to investors on Wednesday. KeyCorp analyst A. Wurschmidt now expects that the real estate investment trust will post earnings per share of $2.56 for the year, up from their previous estimate of $2.52.

Shares of Apartment Investment and Management Company (AIV) opened at 43.26 on Friday. The company has a market cap of $6.79 billion, a PE ratio of 16.72 and a beta of 0.43. Apartment Investment and Management Company has a 12 month low of $39.66 and a 12 month high of $47.91. The firm’s 50-day moving average price is $43.57 and its 200-day moving average price is $44.24.

Apartment Investment and Management Company (NYSE:AIV) last announced its earnings results on Thursday, April 27th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. The firm had revenue of $246.50 million during the quarter, compared to analysts’ expectations of $242.87 million. Apartment Investment and Management Company had a return on equity of 23.66% and a net margin of 41.53%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.57 earnings per share.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Israel Discount Bank of New York GFN purchased a new position in Apartment Investment and Management Company during the fourth quarter valued at $112,000. Quadrant Capital Group LLC raised its position in Apartment Investment and Management Company by 10.6% in the first quarter. Quadrant Capital Group LLC now owns 2,606 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 250 shares during the last quarter. Israel Discount Bank of New York purchased a new position in Apartment Investment and Management Company during the first quarter valued at $115,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in Apartment Investment and Management Company by 190.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,900 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 1,900 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Apartment Investment and Management Company during the first quarter valued at $166,000. Institutional investors own 99.88% of the company’s stock.

In other news, Director Kathleen M. Nelson sold 1,220 shares of Apartment Investment and Management Company stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $43.59, for a total transaction of $53,179.80. Following the completion of the transaction, the director now directly owns 40,630 shares in the company, valued at approximately $1,771,061.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Apartment Investment and Management Company Company Profile

Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It operates through two segments: conventional real estate and affordable real estate.

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