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 REAL ESTATE
Trailing P/E Ratio16.24
Forward P/E Ratio15.71
Sales & Book Value
Annual Sales$1.01 billion
Price / Sales6.12
Cash Flow$4.30 per share
Price / Cash9.09
Book Value$9.75 per share
Price / Book4.01
Net Income$315.77 million
Return on Equity21.25%
Return on Assets5.10%
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 announced a quarterly dividend on Friday, February 2nd. Stockholders of record on Friday, February 16th will be paid a dividend of $0.38 per share on Wednesday, February 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Thursday, February 15th. This is an increase from Apartment Investment and Management's previous quarterly dividend of $0.36. View Apartment Investment and Management's Dividend History.
How were Apartment Investment and Management's earnings last quarter?
Apartment Investment and Management Co (NYSE:AIV) issued its quarterly earnings data on Thursday, February, 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.63. The real estate investment trust earned $250.23 million during the quarter, compared to the consensus estimate of $243.24 million. Apartment Investment and Management had a net margin of 31.19% and a return on equity of 21.25%. The company's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. 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 FY18 earnings guidance on Thursday, February, 1st. The company provided EPS guidance of $2.42-2.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.54. Apartment Investment and Management also updated its Q1 guidance to $0.57-0.61 EPS.
Where is Apartment Investment and Management's stock going? Where will Apartment Investment and Management's stock price be in 2018?
10 Wall Street analysts have issued 12-month price targets for Apartment Investment and Management's stock. Their predictions range from $39.00 to $52.00. On average, they anticipate Apartment Investment and Management's stock price to reach $46.00 in the next twelve months. 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. According to Zacks Investment Research, "Shares of Apartment Investment and Management Company, better known as Aimco, have outperformed its industry in the past three months. However, the Zacks Consensus Estimate for funds from operation (FFO) per share for 2018 was revised downward in a month’s time. The company’s fourth-quarter 2017 results displayed growth in same-store property net operating income (NOI). Notably, the company is making diligent efforts to reposition its portfolio by shedding non-strategic properties and investing the proceeds in opportunistic acquisitions. However, new supply in various markets is anticipated to dampen the company’s rent growth and new lease pricing ability. Also, the dilutive impact on earnings from asset dispositions cannot be bypassed in the near term. Further, rate hike add to its woes." (2/19/2018)
- 2. 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)
Who are some of Apartment Investment and Management's key competitors?
Some companies that are related to Apartment Investment and Management include Annaly Capital Management (NLY), Zillow Group (Z), Sino Land (SNLAY), Extra Space Storage (EXR), HCP (HCP), Mid-America Apartment Communities (MAA), Regency Centers (REG), Land Securities Gp (LSGOF), UDR (UDR), Duke Realty (DRE), British Land (BTLCY), City Developments (CDEVY), Iron Mountain Incorporated (Delaware) REIT (IRM), SL Green Realty (SLG), Segro (SEGXF), Federal Realty Investment Trust (FRT), Macerich (MAC) and Jones Lang LaSalle (JLL).
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 and President - Aimco Investment Partners (Age 53)
- Keith M. Kimmel, Executive Vice President - Property Operations (Age 45)
- J. Landis J. Martin J.D., Lead Independent Director (Age 71)
- Thomas L. Keltner, Independent Director (Age 70)
- Robert A. Miller, Independent Director (Age 71)
Has Apartment Investment and Management been receiving favorable news coverage?
News articles about AIV stock have trended somewhat positive on Friday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Apartment Investment and Management earned a news sentiment score of 0.16 on Accern's scale. They also assigned media headlines about the real estate investment trust an impact score of 46.87 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
Who are Apartment Investment and Management's major shareholders?
Apartment Investment and Management's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.57%), Long Pond Capital LP (3.86%), Renaissance Technologies LLC (3.42%), Bank of New York Mellon Corp (2.29%), Schwab Charles Investment Management Inc. (1.33%) and Duff & Phelps Investment Management Co. (1.03%). Company insiders that own Apartment Investment and Management stock include 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.
Which institutional investors are selling Apartment Investment and Management stock?
AIV stock was sold by a variety of institutional investors in the last quarter, including Teachers Advisors LLC, TIAA CREF Investment Management LLC, Guggenheim Capital LLC, Presima Inc., Westpac Banking Corp, Goldman Sachs Group Inc., First Trust Advisors LP and Teacher Retirement System of Texas. 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.
Which institutional investors are buying Apartment Investment and Management stock?
AIV stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Forward Management LLC, Deutsche Bank AG, BlackRock Inc., Two Sigma Investments LP, Amundi Pioneer Asset Management Inc., Long Pond Capital LP and WINTON GROUP Ltd. View Insider Buying and Selling for Apartment Investment and Management.
How do I buy shares of Apartment Investment and Management?
Shares of AIV 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 AIV stock can currently be purchased for approximately $39.11.
How big of a company is Apartment Investment and Management?
Apartment Investment and Management has a market capitalization of $6.26 billion and generates $1.01 billion in revenue each year. The real estate investment trust earns $315.77 million in net income (profit) each year or $1.95 on an earnings per share basis. Apartment Investment and Management employs 1,350 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: ||2.30||2.20||2.25||2.00|
|Ratings Breakdown: ||0 Sell Rating(s)|
7 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
6 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
4 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
4 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$46.00||$46.11||$47.88||$46.38|
|Price Target Upside: ||17.62% upside||17.06% upside||8.17% upside||1.77% upside|
Apartment Investment and Management (NYSE:AIV) Consensus Price Target History
Apartment Investment and Management (NYSE:AIV) Analyst Ratings History
(Data available from 3/23/2016 forward)
Apartment Investment and Management (NYSE:AIV) Earnings History and Estimates Chart
Apartment Investment and Management (NYSE AIV) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/1/2018||Q4 2017||$0.63||$0.63||$243.24 million||$250.23 million||View||Listen|
|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
2018 EPS Consensus Estimate: $2.56
(Earnings estimates 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:||2/28/2018|
|Dividend Growth:||11.50% (3 Year Average)|
|Payout Ratio:||77.95% (Trailing 12 Months of Earnings) |
61.04% (Based on This Year's Estimates)
58.69% (Based on Next Year's Estimates)
|Track Record:||7 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||Shares Held After Transaction||Details|
|2/12/2018||Lisa R Cohn||Insider||Sell||9,694||$39.00||$378,066.00||82,139|| |
|1/29/2018||Lisa R Cohn||Insider||Sell||2,858||$41.80||$119,464.40||53,071|| |
|1/29/2018||Miles Cortez||EVP||Sell||2,587||$41.90||$108,395.30||102,456|| |
|1/26/2018||Lisa R Cohn||EVP||Sell||831||$42.38||$35,217.78||53,071|| |
|11/24/2017||John E Bezzant||Insider||Sell||7,564||$44.77||$338,640.28||48,422|| |
|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||28,481|| |
|5/1/2017||Kathleen M Nelson||Director||Sell||1,220||$43.59||$53,179.80||40,630|| |
|3/30/2017||John E Bezzant||Insider||Sell||7,085||$44.25||$313,511.25||45,717|| |
|2/28/2017||Lisa R Cohn||Insider||Sell||10,000||$46.72||$467,200.00||54,987|| |
|2/13/2017||Lisa R Cohn||Insider||Sell||2,438||$45.17||$110,124.46||64,987|| |
|1/30/2017||Miles Cortez||Insider||Sell||2,927||$44.48||$130,192.96||107,184|| |
|12/13/2016||John E Bezzant||Insider||Sell||5,732||$42.63||$244,355.16||49,431|| |
|11/18/2016||Keith M Kimmel||Insider||Sell||3,000||$39.81||$119,430.00||35,718|| |
|8/15/2016||Paul Beldin||CFO||Sell||4,218||$45.67||$192,636.06||34,771|| |
|8/10/2016||Lisa R Cohn||Insider||Sell||8,102||$45.57||$369,208.14||73,602|| |
|8/5/2016||Miles Cortez||Insider||Sell||7,000||$45.25||$316,750.00||116,505|| |
|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||20,923|| |
|5/27/2016||Robert A Miller||Director||Sell||4,429||$42.95||$190,225.55||76,132|| |
|5/26/2016||John E Bezzant||EVP||Sell||5,772||$42.65||$246,175.80||55,163|| |
|5/10/2016||Lisa R Cohn||EVP||Sell||12,000||$43.17||$518,040.00||66,619|| |
|5/5/2016||Michael A Stein||Director||Sell||17,184||$42.44||$729,288.96||35,000|| |
|3/8/2016||James N Bailey||Director||Sell||25,087||$38.44||$964,344.28||29,100|| |
|2/12/2016||Lisa R Cohn||EVP||Sell||2,438||$35.66||$86,939.08||78,619|| |
|2/1/2016||Lisa R Cohn||EVP||Sell||2,308||$38.84||$89,642.72||81,057|| |
|1/28/2016||Lisa R. Cohn||EVP||Sell||4,778||$38.28||$182,901.84||83,365|| |
|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||439,331|| |
|5/7/2014||Ernest Michael Freedman||CFO||Sell||3,405||$31.75||$108,108.75||114,960|| |
|5/7/2014||Michael Stein||Director||Sell||4,429||$31.62||$140,044.98||43,084|| |
|3/5/2014||Lisa Cohn||EVP||Sell||8,000||$30.79||$246,320.00||113,326|| |
|2/27/2014||Ernest Michael Freedman||CFO||Sell||8,000||$29.82||$238,560.00||118,365|| |
|2/3/2014||Ernest Michael Freedman||CFO||Sell||8,000||$27.78||$222,240.00||126,365|| |
|1/31/2014||Miles Cortez||EVP||Sell||2,973||$27.49||$81,727.77||132,483|| |
|1/29/2014||Ernest Michael Freedman||CFO||Sell||5,500||$26.91||$148,005.00||134,365|| |
|1/28/2014||Lisa Cohn||EVP||Sell||2,751||$26.76||$73,616.76||128,608|| |
|12/30/2013||Terry Considine||CEO||Sell||100,000||$26.10||$2,610,000.00||351,306|| |
|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 Friday, March, 23, 2018