About Apartment Investment and Management Company (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 Ratio18.56
Forward P/E Ratio18.30
Sales & Book Value
Annual Sales$995.85 million
Price / Sales7.04
Cash Flow$4.88 per share
Price / Cash9.15
Book Value$8.35 per share
Price / Book5.35
Net Income$430.41 million
Return on Equity5.25%
Return on Assets1.45%
Frequently Asked Questions for Apartment Investment and Management Company (NYSE:AIV)
What is Apartment Investment and Management Company's stock symbol?
Apartment Investment and Management Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "AIV."
How often does Apartment Investment and Management Company pay dividends? What is the dividend yield for Apartment Investment and Management Company?
Apartment Investment and Management Company declared a quarterly dividend on Wednesday, October 25th. Investors 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 3.23%. The ex-dividend date is Thursday, November 16th. View Apartment Investment and Management Company's Dividend History.
How were Apartment Investment and Management Company's earnings last quarter?
Apartment Investment and Management Company (NYSE:AIV) issued its quarterly earnings data on Thursday, October, 26th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.62 by $0.51. The real estate investment trust had revenue of $254.64 million for the quarter, compared to analysts' expectations of $249.17 million. Apartment Investment and Management Company had a return on equity of 5.25% and a net margin of 8.79%. During the same period in the previous year, the company earned $0.54 EPS. View Apartment Investment and Management Company's Earnings History.
When will Apartment Investment and Management Company make its next earnings announcement?
What guidance has Apartment Investment and Management Company issued on next quarter's earnings?
Apartment Investment and Management Company updated its FY17 earnings guidance on Thursday, October, 26th. The company provided earnings per share (EPS) guidance of $2.42-$2.46 for the period, compared to the Thomson Reuters consensus estimate of $2.44. Apartment Investment and Management Company also updated its Q4 guidance to $0.60-$0.64 EPS.
Where is Apartment Investment and Management Company's stock going? Where will Apartment Investment and Management Company's stock price be in 2017?
7 equities research analysts have issued twelve-month target prices for Apartment Investment and Management Company's stock. Their predictions range from $42.00 to $52.00. On average, they expect Apartment Investment and Management Company's share price to reach $47.29 in the next twelve months. View Analyst Ratings for Apartment Investment and Management Company.
What are Wall Street analysts saying about Apartment Investment and Management Company stock?
Here are some recent quotes from research analysts about Apartment Investment and Management Company 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 Company's key competitors?
Some companies that are related to Apartment Investment and Management Company include Mid-America Apartment Communities (MAA), United Dominion Realty Trust (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 Investments Corp (TWO), Education Realty Trust (EDR), Monogram Residential Trust (MORE), The Unite Group plc (UTG), Associated Estates Realty (AEC), ARMOUR Residential REIT (ARR), Independence Realty Trust (IRT) and Preferred Apartment Communities (APTS).
Who are Apartment Investment and Management Company's key executives?
Apartment Investment and Management Company's management team includes the folowing people:
- Terry Considine, Chairman of the Board, Chief Executive Officer
- Paul L. Beldin, Chief Financial Officer, Executive Vice President
- Miles C. Cortez, Executive Vice President, Chief Administrative Officer
- John E. Bezzant, Executive Vice President, Chief Investment Officer
- Lisa R. Cohn, Executive Vice President, General Counsel, Secretary
- Patti K. Fielding, Executive Vice President - Securities and Debt, Treasurer
- Keith M. Kimmel, Executive Vice President - Property Operations
- J. Landis J. Martin, Lead Independent Director
- Thomas L. Keltner, Independent Director
- Robert A. Miller, Independent Director
Who owns Apartment Investment and Management Company stock?
Apartment Investment and Management Company's stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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 Company 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 Company.
Who sold Apartment Investment and Management Company stock? Who is selling Apartment Investment and Management Company stock?
Apartment Investment and Management Company'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 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 Company.
Who bought Apartment Investment and Management Company stock? Who is buying Apartment Investment and Management Company stock?
Apartment Investment and Management Company's stock was bought 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 Company.
How do I buy Apartment Investment and Management Company stock?
Shares of Apartment Investment and Management Company 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 Company's stock price today?
One share of Apartment Investment and Management Company stock can currently be purchased for approximately $44.64.
How big of a company is Apartment Investment and Management Company?
Apartment Investment and Management Company has a market capitalization of $7.05 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 Company employs 1,456 workers across the globe.
How can I contact Apartment Investment and Management Company?
Apartment Investment and Management Company'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 Company (AIV)MarketBeat's community ratings are surveys of what our community members think about Apartment Investment and Management Company 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.
Analysts' Consensus Rating for Apartment Investment and Management Company (NYSE:AIV) (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.
|Ratings Breakdown: ||1 Sell Rating, 4 Hold Ratings, 2 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.14)|
|Consensus Price Target: ||$47.29 (5.93% upside)|
Consensus Price Target History for Apartment Investment and Management Company (NYSE:AIV)
Analysts' Ratings History for Apartment Investment and Management Company (NYSE:AIV)
(Data available from 11/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/6/2017||Mizuho||Upgrade||Underperform -> Neutral||$47.00||N/A|
|10/27/2017||BMO Capital Markets||Reiterated Rating||Sell||N/A|
|10/17/2017||Robert W. Baird||Reiterated Rating||Hold||$46.00||N/A|
|8/2/2017||Canaccord Genuity||Set Price Target||Hold||$50.00||Low|
|7/18/2017||Barclays PLC||Lower Price Target||Overweight||$48.00 -> $47.00||Low|
|7/10/2017||JMP Securities||Upgrade||Market Perform -> Outperform||$52.00||Low|
|6/16/2017||Bank of America Corporation||Downgrade||Buy -> Neutral||$47.00||High|
|11/16/2016||J P Morgan Chase & Co||Reiterated Rating||Hold||$45.00||N/A|
|7/18/2016||Citigroup Inc.||Downgrade||Buy -> Neutral||$43.00 -> $48.00||N/A|
|6/2/2016||SunTrust Banks, Inc.||Downgrade||Buy -> Neutral||$42.00 -> $44.00||N/A|
|5/2/2016||Royal Bank Of Canada||Boost Price Target||Sector Perform||$43.00 -> $44.00||N/A|
Earnings History and Estimates Chart for Apartment Investment and Management Company (NYSE:AIV)
Earnings History by Quarter for Apartment Investment and Management Company (NYSE AIV)
(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|
Earnings Estimates for Apartment Investment and Management Company (NYSE:AIV)
2017 EPS Consensus Estimate: $2.45
2018 EPS Consensus Estimate: $2.56
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Apartment Investment and Management Company (NYSE:AIV)
|Dividend Growth:||11.20% (3 Year Average)|
|Payout Ratio:||109.92% (Trailing 12 Months of Earnings) |
59.02% (Based on This Year's Estimates)
56.25% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Apartment Investment and Management Company (NYSE AIV)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Apartment Investment and Management Company (NYSE AIV)
Insider Ownership Percentage: 1.20%
Institutional Ownership Percentage: 97.03%
Insider Trades by Quarter for Apartment Investment and Management Company (NYSE AIV)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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|| |
Latest Headlines for Apartment Investment and Management Company (NYSE AIV)
Apartment Investment and Management Company (NYSE AIV) Chart for Thursday, November, 23, 2017