Apartment Investment and Management Co (NYSE:AIV) declared a quarterly dividend on Wednesday, October 31st, RTT News reports. Shareholders of record on Friday, November 16th will be paid a dividend of 0.38 per share by the real estate investment trust on Friday, November 30th. This represents a $1.52 annualized dividend and a yield of 3.30%. The ex-dividend date is Thursday, November 15th.

Apartment Investment and Management has increased its dividend by an average of 11.5% annually over the last three years and has increased its dividend every year for the last 7 years. Apartment Investment and Management has a dividend payout ratio of 62.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Apartment Investment and Management to earn $2.53 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 60.1%.

Shares of AIV stock opened at $46.04 on Wednesday. Apartment Investment and Management has a 12 month low of $37.97 and a 12 month high of $46.38. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.43 and a current ratio of 0.43. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 3.93 and a beta of 0.44.

Apartment Investment and Management (NYSE:AIV) last announced its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $3.61 EPS for the quarter, beating the consensus estimate of $0.61 by $3.00. Apartment Investment and Management had a return on equity of 55.25% and a net margin of 92.50%. The company had revenue of $242.48 million for the quarter, compared to the consensus estimate of $239.80 million. During the same quarter last year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Apartment Investment and Management will post 2.44 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on AIV shares. Jefferies Financial Group increased their price objective on Apartment Investment and Management from $42.00 to $46.00 and gave the company a “hold” rating in a research report on Thursday, August 16th. Mizuho reissued a “hold” rating and issued a $44.00 price objective on shares of Apartment Investment and Management in a research report on Monday, August 6th. Zacks Investment Research raised Apartment Investment and Management from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Scotiabank started coverage on Apartment Investment and Management in a research report on Tuesday, October 16th. They issued an “underperform” rating for the company. Finally, TheStreet raised Apartment Investment and Management from a “c+” rating to a “b” rating in a research report on Thursday, November 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $45.75.

In other news, insider Lisa R. Cohn sold 5,000 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $45.62, for a total value 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 $3,364,657.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

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Apartment Investment and Management Company Profile

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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Dividend History for Apartment Investment and Management (NYSE:AIV)

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