Analysts expect that Apartment Investment and Management Co (NYSE:AIV) will post $229.06 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Apartment Investment and Management’s earnings, with the highest sales estimate coming in at $232.56 million and the lowest estimate coming in at $224.65 million. Apartment Investment and Management reported sales of $250.19 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.4%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Thursday, August 1st.

On average, analysts expect that Apartment Investment and Management will report full-year sales of $919.69 million for the current financial year, with estimates ranging from $900.00 million to $935.62 million. For the next fiscal year, analysts expect that the company will post sales of $943.28 million, with estimates ranging from $922.00 million to $966.73 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Apartment Investment and Management.

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

A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Great Portland Estates from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Barclays set a €45.00 ($52.33) target price on shares of Zalando and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, BMO Capital Markets reissued a “hold” rating and set a $54.00 target price on shares of Apartment Investment and Management in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Apartment Investment and Management presently has a consensus rating of “Hold” and an average target price of $49.43.

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

A number of large investors have recently added to or reduced their stakes in AIV. LPL Financial LLC bought a new position in Apartment Investment and Management in the fourth quarter valued at approximately $576,000. Martingale Asset Management L P acquired a new stake in Apartment Investment and Management in the fourth quarter valued at approximately $230,000. Great West Life Assurance Co. Can boosted its position in Apartment Investment and Management by 15.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 144,962 shares of the real estate investment trust’s stock valued at $5,911,000 after buying an additional 18,961 shares in the last quarter. Stifel Financial Corp boosted its position in Apartment Investment and Management by 399.7% in the fourth quarter. Stifel Financial Corp now owns 218,560 shares of the real estate investment trust’s stock valued at $9,584,000 after buying an additional 174,826 shares in the last quarter. Finally, Fort L.P. acquired a new stake in Apartment Investment and Management in the fourth quarter valued at approximately $119,000. 96.27% of the stock is owned by institutional investors.

Shares of AIV traded down $1.41 during trading hours on Friday, reaching $49.62. 1,076,914 shares of the company traded hands, compared to its average volume of 985,275. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 3.84 and a beta of 0.55. Apartment Investment and Management has a 12-month low of $41.18 and a 12-month high of $52.49. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.14. The stock has a fifty day moving average of $50.96.

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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