Apartment Investment and Management (NYSE:AIV) Releases FY 2020 After-Hours Earnings Guidance

Apartment Investment and Management (NYSE:AIV) updated its FY 2020
After-Hours earnings guidance on Monday. The company provided earnings per share guidance of 2.37-2.41 for the period.

AIV stock opened at $52.90 on Wednesday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 4.68 and a beta of 0.50. The business’s fifty day moving average price is $53.95 and its two-hundred day moving average price is $51.71. Apartment Investment and Management has a fifty-two week low of $42.06 and a fifty-two week high of $55.49.

Apartment Investment and Management (NYSE:AIV) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.62). Apartment Investment and Management had a net margin of 37.98% and a return on equity of 19.60%. The business had revenue of $229.80 million during the quarter, compared to the consensus estimate of $224.73 million. During the same period in the previous year, the firm posted $3.61 EPS. The company’s revenue was down 5.2% compared to the same quarter last year. Research analysts expect that Apartment Investment and Management will post 2.49 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, November 14th. Apartment Investment and Management’s dividend payout ratio is 61.18%.

Several analysts have weighed in on AIV shares. TheStreet cut shares of Apartment Investment and Management from a b rating to a c+ rating in a research note on Thursday, October 31st. SunTrust Banks increased their target price on shares of Apartment Investment and Management from $50.00 to $54.00 and gave the stock a hold rating in a research report on Friday, November 29th. Barclays set a $53.00 target price on shares of Apartment Investment and Management and gave the stock a hold rating in a report on Friday, October 11th. BMO Capital Markets upgraded shares of Apartment Investment and Management from a market perform rating to an outperform rating and lifted their price target for the company from $56.00 to $58.00 in a research report on Friday, September 6th. Finally, Goldman Sachs Group began coverage on shares of Apartment Investment and Management in a research report on Friday, November 8th. They issued a buy rating and a $62.00 price target for the company. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $55.83.

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 132 communities in 17 states and the District of Columbia.

Further Reading: Benefits of owning preferred stock

Earnings History and Estimates for Apartment Investment and Management (NYSE:AIV)

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