Apartment Investment and Management (NYSE:AIV) Updates FY 2024 Earnings Guidance

Apartment Investment and Management (NYSE:AIV) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of -0.820–0.770 for the period, compared to the consensus EPS estimate of -0.730. The company issued revenue guidance of -.

Apartment Investment and Management Price Performance

Shares of AIV traded down $0.15 during trading hours on Friday, reaching $8.54. 2,042,553 shares of the company’s stock traded hands, compared to its average volume of 862,472. Apartment Investment and Management has a 12 month low of $6.20 and a 12 month high of $9.48. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 3.81. The stock has a market cap of $1.21 billion, a PE ratio of -5.37 and a beta of 1.39. The firm’s 50 day simple moving average is $8.84 and its 200-day simple moving average is $8.57.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.33). The company had revenue of $51.15 million for the quarter, compared to the consensus estimate of $50.84 million. Apartment Investment and Management had a negative net margin of 113.14% and a negative return on equity of 51.94%.

Apartment Investment and Management Company Profile

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.