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

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

Apartment Investment and Management Trading Up 0.2 %

AIV traded up $0.02 during trading on Thursday, reaching $8.70. The company had a trading volume of 893,474 shares, compared to its average volume of 963,023. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 3.81. The business has a 50 day simple moving average of $8.87 and a 200-day simple moving average of $8.56. The stock has a market cap of $1.23 billion, a P/E ratio of -5.46 and a beta of 1.39. Apartment Investment and Management has a 52 week low of $6.20 and a 52 week high of $9.48.

Apartment Investment and Management (NYSE:AIV) last released 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 firm had revenue of $51.15 million during the quarter, compared to the consensus estimate of $50.84 million. Apartment Investment and Management had a negative return on equity of 51.94% and a negative net margin of 113.14%.

About Apartment Investment and Management

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.