Apartment Investment and Management (NYSE:AIV – Get Free Report) issued its earnings results on Wednesday. The real estate investment trust reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02, RTT News reports. Apartment Investment and Management had a negative return on equity of 30.04% and a negative net margin of 88.87%. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $49.85 million. Apartment Investment and Management updated its FY 2024 guidance to -0.500–0.400 EPS.
Apartment Investment and Management Stock Performance
NYSE AIV traded down $0.06 during midday trading on Thursday, hitting $8.18. The company had a trading volume of 978,038 shares, compared to its average volume of 1,003,151. The firm has a fifty day simple moving average of $7.90 and a two-hundred day simple moving average of $7.45. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 2.73. Apartment Investment and Management has a fifty-two week low of $5.63 and a fifty-two week high of $8.93. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -7.03 and a beta of 1.30.
Analyst Ratings Changes
A number of brokerages have issued reports on AIV. StockNews.com lowered shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a research note on Monday, February 26th. TheStreet raised Apartment Investment and Management from a “d+” rating to a “c-” rating in a report on Tuesday, January 16th.
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.
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