About Apartment Investment and Management (NYSE:AIV)
Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT). Aimco, through its subsidiaries, AIMCO-GP, Inc. and AIMCO-LP Trust, holds the ownership interests in the Aimco Operating Partnership. It operates through two segments: conventional real estate and affordable real estate. As of December 31, 2016, its real estate portfolio consisted of 189 apartment communities with 46,311 apartment homes. Aimco Operating Partnership conducts the Company's business, which is focused on the ownership, management, redevelopment and limited development of apartment communities located in the coastal and job growth markets of the United States. Its Conventional segment consists of apartment communities it classifies as Conventional Same Store and Conventional Non-Same Store. Its affordable portfolio consists primarily of apartment communities that it manages that are owned through low-income housing tax credit partnerships.
Industry, Sector and Symbol
Industry Residential REITs
Trailing P/E Ratio18.13
Forward P/E Ratio17.91
Sales & Book Value
Annual Sales$995.85 million
Price / Sales6.92
Cash Flow$4.91 per share
Price / Cash8.94
Book Value$11.60 per share
Price / Book3.78
Net Income$430.41 million
Return on Equity13.81%
Return on Assets3.45%
Apartment Investment and Management (NYSE:AIV) Frequently Asked Questions
What is Apartment Investment and Management's stock symbol?
Apartment Investment and Management trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIV."
How often does Apartment Investment and Management pay dividends? What is the dividend yield for Apartment Investment and Management?
Apartment Investment and Management declared a quarterly dividend on Wednesday, October 25th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.36 per share on Thursday, November 30th. This represents a $1.44 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Thursday, November 16th. View Apartment Investment and Management's Dividend History.
How were Apartment Investment and Management's earnings last quarter?
Apartment Investment and Management Company (NYSE:AIV) released its earnings results on Thursday, October, 26th. The real estate investment trust reported $0.11 EPS for the quarter, missing the Zacks' consensus estimate of $0.62 by $0.51. The real estate investment trust earned $254.64 million during the quarter, compared to analyst estimates of $249.17 million. Apartment Investment and Management had a return on equity of 13.81% and a net margin of 21.36%. During the same period in the prior year, the firm posted $0.54 EPS. View Apartment Investment and Management's Earnings History.
When will Apartment Investment and Management make its next earnings announcement?
What guidance has Apartment Investment and Management issued on next quarter's earnings?
Apartment Investment and Management updated its FY17 earnings guidance on Thursday, October, 26th. The company provided earnings per share guidance of $2.42-$2.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.44. Apartment Investment and Management also updated its Q4 guidance to $0.60-$0.64 EPS.
Where is Apartment Investment and Management's stock going? Where will Apartment Investment and Management's stock price be in 2017?
8 Wall Street analysts have issued 12 month price targets for Apartment Investment and Management's shares. Their predictions range from $44.00 to $52.00. On average, they expect Apartment Investment and Management's stock price to reach $47.88 in the next year. View Analyst Ratings for Apartment Investment and Management.
What are Wall Street analysts saying about Apartment Investment and Management stock?
Here are some recent quotes from research analysts about Apartment Investment and Management stock:
- 1. BMO Capital Markets analysts commented, "OAK reported 3Q17 $0.67 of adjusted net income (ANI) per share, comfortably beating our and consensus’ estimate of $0.50 and $0.56. The beat was broad-based: Fee-related earnings (FRE) of $60M came in ahead of our $49M expectation on better management fees and unusually low expenses. Incentive income of $54M was essentially in line, but the better FRE and better cash from fund investments all led to distributable earnings of $0.74 per share. As far as FRE is concerned, we wouldn’t take this quarter’s expense level as a go-forward run rate and, as usual, management estimated that 4Q17 incentive income would likely come in a bit lighter than 3Q’s." (10/27/2017)
- 2. According to Zacks Investment Research, "Shares of Aimco have outperformed its industry over the past three months. Moreover, the Zacks Consensus Estimate for funds from operation (FFO) per share for 2017 remained unchanged in a month’s time. Encouragingly, Aimco’s efforts to reposition its portfolio by shedding non-strategic properties and investing the proceeds in opportunistic acquisitions will likely drive long-term growth. Moreover, Aimco has a solid portfolio diversified both in terms of geography and price point. This is likely to help the company meet the rise in demand for apartment properties. However, stiff competition from new supply in various markets is anticipated to dampen Aimco’s rent growth and new lease pricing ability. Moreover, interest rate hike and dilutive effects of sale of assets remain concerns." (10/23/2017)
Who are some of Apartment Investment and Management's key competitors?
Some companies that are related to Apartment Investment and Management include Mid-America Apartment Communities (MAA), UDR (UDR), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), Sun Communities (SUI), American Homes 4 Rent (AMH), American Campus Communities (ACC), Colony Starwood Homes (SFR), Home Properties (HME), Post Properties (PPS), Two Harbors Investment (TWO), Education Realty Trust (EDR), Monogram Residential Trust (MORE), UNITE Group (UTG), Associated Estates Realty (AEC), ARMOUR Residential REIT (ARR), Independence Realty Trust (IRT) and Preferred Apartment Communities (APTS).
Who are Apartment Investment and Management's key executives?
Apartment Investment and Management's management team includes the folowing people:
- Terry Considine, Chairman of the Board, Chief Executive Officer (Age 69)
- Paul L. Beldin, Chief Financial Officer, Executive Vice President (Age 43)
- Miles C. Cortez, Executive Vice President, Chief Administrative Officer (Age 73)
- John E. Bezzant, Executive Vice President, Chief Investment Officer (Age 54)
- Lisa R. Cohn, Executive Vice President, General Counsel, Secretary (Age 48)
- Patti K. Fielding, Executive Vice President - Securities and Debt, Treasurer (Age 53)
- Keith M. Kimmel, Executive Vice President - Property Operations (Age 45)
- J. Landis J. Martin, Lead Independent Director (Age 71)
- Thomas L. Keltner, Independent Director (Age 70)
- Robert A. Miller, Independent Director (Age 71)
Who owns Apartment Investment and Management stock?
Apartment Investment and Management's stock is owned by many different of retail and institutional investors. Top institutional investors include Principal Financial Group Inc. (4.98%), Long Pond Capital LP (3.78%), Dimensional Fund Advisors LP (1.45%), Schwab Charles Investment Management Inc. (1.36%), Duff & Phelps Investment Management Co. (1.04%) and Adelante Capital Management LLC (0.98%). Company insiders that own Apartment Investment and Management stock include James N Bailey, John E Bezzant, Kathleen M Nelson, Keith M Kimmel, Lisa R Cohn, Michael A Stein, Miles Cortez, Patti K Fielding, Paul Beldin, Robert A Miller and Terry Considine. View Institutional Ownership Trends for Apartment Investment and Management.
Who sold Apartment Investment and Management stock? Who is selling Apartment Investment and Management stock?
Apartment Investment and Management's stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., Long Pond Capital LP, Citadel Advisors LLC, Janus Henderson Group PLC, Macquarie Group Ltd., Presima Inc., Schwab Charles Investment Management Inc. and Ameriprise Financial Inc.. Company insiders that have sold Apartment Investment and Management company stock in the last year include John E Bezzant, Kathleen M Nelson, Keith M Kimmel, Lisa R Cohn, Miles Cortez and Terry Considine. View Insider Buying and Selling for Apartment Investment and Management.
Who bought Apartment Investment and Management stock? Who is buying Apartment Investment and Management stock?
Apartment Investment and Management's stock was acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Principal Financial Group Inc., Westpac Banking Corp, Nationwide Fund Advisors, Sei Investments Co., Dimensional Fund Advisors LP, Amica Mutual Insurance Co. and Amica Pension Fund Board of Trustees. View Insider Buying and Selling for Apartment Investment and Management.
How do I buy Apartment Investment and Management stock?
Shares of Apartment Investment and Management can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Apartment Investment and Management's stock price today?
One share of Apartment Investment and Management stock can currently be purchased for approximately $43.89.
How big of a company is Apartment Investment and Management?
Apartment Investment and Management has a market capitalization of $6.89 billion and generates $995.85 million in revenue each year. The real estate investment trust earns $430.41 million in net income (profit) each year or $1.31 on an earnings per share basis. Apartment Investment and Management employs 1,456 workers across the globe.
How can I contact Apartment Investment and Management?
Apartment Investment and Management's mailing address is 4582 SOUTH ULSTER STREET SUITE 1100, DENVER CO, 80237. The real estate investment trust can be reached via phone at 303-757-8101 or via email at [email protected]
MarketBeat Community Rating for Apartment Investment and Management (AIV)MarketBeat's community ratings are surveys of what our community members think about Apartment Investment and Management and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Apartment Investment and Management (NYSE:AIV) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.20||2.10||2.00||2.09|
|Ratings Breakdown: ||1 Sell Rating(s)|
6 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
7 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
7 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
8 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$47.60||$46.80||$46.09||$45.00|
|Price Target Upside: ||7.55% upside||5.83% upside||1.14% upside||1.26% upside|
Apartment Investment and Management (NYSE:AIV) Consensus Price Target History
Apartment Investment and Management (NYSE:AIV) Analyst Ratings History
(Data available from 12/14/2015 forward)
Apartment Investment and Management (NYSE:AIV) Earnings History and Estimates Chart
Apartment Investment and Management (NYSE AIV) Earnings History by Quarter
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/26/2017||Q3 2017||$0.62||$0.11||$249.17 million||$254.64 million||View||N/A|
|7/27/2017||Q2 2017||$0.60||$0.61||$240.78 million||$246.24 million||View||N/A|
|4/27/2017||Q1 2017||$0.58||$0.58||$242.87 million||$246.50 million||View||N/A|
|2/2/2017||Q416||$0.60||$1.03||$241.62 million||$249.49 million||View||Listen|
|10/27/2016||Q316||$0.56||$0.55||$239.45 million||$244.12 million||View||N/A|
|7/28/2016||Q216||$0.57||$0.59||$240.17 million||$242.87 million||View||N/A|
|4/28/2016||Q116||$0.55||$0.57||$240.82 million||$246.20 million||View||N/A|
|2/4/2016||Q415||$0.59||$0.58||$242.46 million||$245.90 million||View||N/A|
|11/3/2015||Q315||$0.57||$0.57||$240.39 million||$246.39 million||View||N/A|
|7/30/2015||Q215||$0.54||$0.56||$239.18 million||$244.80 million||View||Listen|
|4/30/2015||Q115||$0.51||$0.51||$234.60 million||$244.30 million||View||N/A|
|2/5/2015||Q414||$0.55||$0.54||$240.38 million||$242.20 million||View||N/A|
|10/30/2014||Q314||$0.51||$0.51||$238.20 million||$246.04 million||View||N/A|
|7/31/2014||Q214||$0.51||$0.52||$237.98 million||$246.40 million||View||N/A|
|5/1/2014||Q114||$0.49||$0.50||$244.38 million||$248.92 million||View||N/A|
|2/6/2014||Q413||$0.57||$0.57||$245.41 million||$250.90 million||View||N/A|
|10/31/2013||Q313||$0.51||$0.50||$256.13 million||$254.51 million||View||N/A|
|8/1/2013||Q213||$0.48||$0.49||$250.55 million||$259.66 million||View||N/A|
|5/2/2013||Q113||$0.46||$0.48||$246.73 million||$255.50 million||View||N/A|
|2/7/2013||Q412||$0.50||$0.52||$258.46 million||$263.00 million||View||N/A|
Apartment Investment and Management (NYSE:AIV) Earnings Estimates
2017 EPS Consensus Estimate: $2.46
2018 EPS Consensus Estimate: $2.56
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Apartment Investment and Management (NYSE:AIV) Dividend Information
|Most Recent Dividend:||11/30/2017|
|Dividend Growth:||11.20% (3 Year Average)|
|Payout Ratio:||109.92% (Trailing 12 Months of Earnings) |
58.78% (Based on This Year's Estimates)
56.69% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Apartment Investment and Management (NYSE:AIV) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Apartment Investment and Management (NYSE AIV) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.20%
Institutional Ownership Percentage: 98.30%
Apartment Investment and Management (NYSE AIV) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/24/2017||John E Bezzant||Insider||Sell||7,564||$44.77||$338,640.28|| |
|10/31/2017||Terry Considine||CEO||Sell||111,577||$44.01||$4,910,503.77|| |
|8/23/2017||Keith M Kimmel||EVP||Sell||10,000||$46.00||$460,000.00|| |
|5/1/2017||Kathleen M Nelson||Director||Sell||1,220||$43.59||$53,179.80|| |
|3/30/2017||John E Bezzant||Insider||Sell||7,085||$44.25||$313,511.25|| |
|2/28/2017||Lisa R Cohn||Insider||Sell||10,000||$46.72||$467,200.00|| |
|2/13/2017||Lisa R Cohn||Insider||Sell||2,438||$45.17||$110,124.46|| |
|1/30/2017||Miles Cortez||Insider||Sell||2,927||$44.48||$130,192.96|| |
|12/13/2016||John E Bezzant||Insider||Sell||5,732||$42.63||$244,355.16|| |
|11/18/2016||Keith M Kimmel||Insider||Sell||3,000||$39.81||$119,430.00|| |
|8/15/2016||Paul Beldin||CFO||Sell||4,218||$45.67||$192,636.06|| |
|8/10/2016||Lisa R Cohn||Insider||Sell||8,102||$45.57||$369,208.14|| |
|8/5/2016||Miles Cortez||Insider||Sell||7,000||$45.25||$316,750.00|| |
|8/2/2016||Terry Considine||CEO||Sell||176,000||$45.29||$7,971,040.00|| |
|6/29/2016||Patti K Fielding||EVP||Sell||10,000||$43.00||$430,000.00|| |
|5/27/2016||Robert A Miller||Director||Sell||4,429||$42.95||$190,225.55|| |
|5/26/2016||John E Bezzant||EVP||Sell||5,772||$42.65||$246,175.80|| |
|5/10/2016||Lisa R Cohn||EVP||Sell||12,000||$43.17||$518,040.00|| |
|5/5/2016||Michael A Stein||Director||Sell||17,184||$42.44||$729,288.96|| |
|3/8/2016||James N Bailey||Director||Sell||25,087||$38.44||$964,344.28|| |
|2/12/2016||Lisa R Cohn||EVP||Sell||2,438||$35.66||$86,939.08|| |
|2/1/2016||Lisa R Cohn||EVP||Sell||2,308||$38.84||$89,642.72|| |
|1/28/2016||Lisa R. Cohn||EVP||Sell||4,778||$38.28||$182,901.84|| |
|8/18/2015||Lisa R Cohn||EVP||Sell||10,000||$40.29||$402,900.00|| |
|6/30/2015||Thomas L Keltner||Director||Sell||7,456||$37.16||$277,064.96|| |
|6/15/2015||Ernest Michael Freedman||CFO||Sell||6,982||$37.29||$260,358.78|| |
|3/23/2015||Terry Considine||CEO||Sell||104,058||$41.06||$4,272,621.48|| |
|2/2/2015||Ernest Michael Freedman||CFO||Sell||7,500||$39.85||$298,875.00|| |
|2/2/2015||Miles Cortez||EVP||Sell||2,973||$40.19||$119,484.87|| |
|1/29/2015||Ernest Michael Freedman||CFO||Sell||5,000||$40.79||$203,950.00|| |
|1/28/2015||Lisa R Cohn||EVP||Sell||4,778||$41.13||$196,519.14|| |
|12/2/2014||Thomas L Keltner||Director||Sell||7,130||$37.13||$264,736.90|| |
|11/21/2014||Paul Beldin||CAO||Sell||1,573||$36.86||$57,980.78|| |
|11/7/2014||Keith M Kimmel||EVP||Sell||3,000||$35.68||$107,040.00|| |
|8/21/2014||Miles Cortez||EVP||Sell||7,028||$34.25||$240,709.00|| |
|8/20/2014||Miles Cortez||EVP||Sell||1,031||$34.08||$35,136.48|| |
|8/12/2014||James N Bailey||Director||Sell||20,000||$33.21||$664,200.00|| |
|8/8/2014||James N Bailey||Director||Sell||10,000||$33.21||$332,100.00|| |
|8/7/2014||Terry Considine||CEO||Sell||99,051||$33.19||$3,287,502.69|| |
|8/6/2014||James N Bailey||Director||Sell||17,500||$33.39||$584,325.00|| |
|8/5/2014||Ernest Michael Freedman||CFO||Sell||8,830||$33.69||$297,482.70|| |
|8/1/2014||Lisa R Cohn||EVP||Sell||2,460||$33.67||$82,828.20|| |
|6/13/2014||Lisa R Cohn||EVP||Sell||8,000||$31.65||$253,200.00|| |
|6/6/2014||Miles Cortez||EVP||Sell||2,169||$32.00||$69,408.00|| |
|5/8/2014||Terry Considine||CEO||Sell||83,722||$31.81||$2,663,196.82|| |
|5/7/2014||Ernest Michael Freedman||CFO||Sell||3,405||$31.75||$108,108.75|| |
|5/7/2014||Michael Stein||Director||Sell||4,429||$31.62||$140,044.98|| |
|3/5/2014||Lisa Cohn||EVP||Sell||8,000||$30.79||$246,320.00|| |
|2/27/2014||Ernest Michael Freedman||CFO||Sell||8,000||$29.82||$238,560.00|| |
|2/3/2014||Ernest Michael Freedman||CFO||Sell||8,000||$27.78||$222,240.00|| |
|1/31/2014||Miles Cortez||EVP||Sell||2,973||$27.49||$81,727.77|| |
|1/29/2014||Ernest Michael Freedman||CFO||Sell||5,500||$26.91||$148,005.00|| |
|1/28/2014||Lisa Cohn||EVP||Sell||2,751||$26.76||$73,616.76|| |
|12/30/2013||Terry Considine||CEO||Sell||100,000||$26.10||$2,610,000.00|| |
|8/2/2013||Ernest Michael Freedman||CFO||Sell||3,500||$29.48||$103,180.00|| |
|8/1/2013||Lisa R Cohn||EVP||Sell||2,214||$29.53||$65,379.42|| |
Apartment Investment and Management (NYSE AIV) News Headlines
Apartment Investment and Management (NYSE:AIV) SEC Filings
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Apartment Investment and Management (NYSE:AIV) Income Statement, Balance Sheet and Cash Flow Statement
Apartment Investment and Management (NYSE AIV) Stock Chart for Thursday, December, 14, 2017