Apartment Investment and Management (NYSE:AIV) Issues FY18 Earnings Guidance

Apartment Investment and Management (NYSE:AIV) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $2.45-2.49 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.44. Apartment Investment and Management also updated its Q4 guidance to $0.61-0.65 EPS.

Shares of AIV stock traded up $0.04 on Friday, hitting $45.64. The company had a trading volume of 804,585 shares, compared to its average volume of 1,229,029. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 3.89 and a beta of 0.44. The company has a current ratio of 0.43, a quick ratio of 0.59 and a debt-to-equity ratio of 1.76. Apartment Investment and Management has a twelve month low of $37.97 and a twelve month high of $45.78.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $1.52 annualized dividend and a yield of 3.33%. Apartment Investment and Management’s payout ratio is currently 62.04%.

Several brokerages have issued reports on AIV. Mizuho reiterated a hold rating and issued a $44.00 price target on shares of Apartment Investment and Management in a report on Monday, August 6th. TheStreet upgraded Apartment Investment and Management from a c+ rating to a b rating in a report on Thursday, November 1st. Jefferies Financial Group raised their target price on Apartment Investment and Management from $42.00 to $46.00 and gave the company a hold rating in a report on Thursday, August 16th. Zacks Investment Research raised Apartment Investment and Management from a sell rating to a hold rating in a research report on Tuesday, August 7th. Finally, Scotiabank began coverage on Apartment Investment and Management in a research report on Tuesday, October 16th. They set an underperform rating for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Apartment Investment and Management has a consensus rating of Hold and an average target price of $45.75.

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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 133 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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