Streetbeat News

AIV

Apartment Investment and Management Company

https://www.aimco.com

Industry

REIT - Residential

Aimco is a Real Estate Investment Trust focused on property development, redevelopment, and various other value-creating investment strategies, targeting the U.S. multifamily market. Aimco's mission is to make real estate investments where outcomes are enhanced through human capital and substantial value is created for investors, teammates, and the communities in which we operate. Aimco is traded on the New York Stock Exchange as AIV. For more information about Aimco, please visit our website www.aimco.com.

Open

8.84

Mkt cap

1.2B

Volume

348K

High

8.88

P/E Ratio

-5.11

52-wk high

9.49

Low

8.80

Div yield

N/A

52-wk low

6.74

Apartment Investment and Management Company (AIV) has updated its FY23 EPS forecast from $(0.28)-$(0.18) to $(0.21)-$(0.11), compared to the $(0.19) estimate. The company's net income (loss) per share for Q3 2023 is $(0.10).

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 10:55 pm

Apartment Inv & Mgmt (NYSE:AIV) reported Q3 losses of $(0.02) per share, beating the analyst consensus estimate of $(0.05) by 60%. The company also reported quarterly sales of $47.70 million, beating the analyst consensus estimate of $46.60 million by 2.36%. However, this represents a 110.53% decrease in earnings and a 0.04% increase in sales compared to the same period last year.

Portfolio Pulse from mahesh@benzinga.com

November 06, 2023 | 10:13 pm

Apartment Inv & Mgmt (NYSE:AIV) is set to release its latest quarterly earnings report on November 6, 2023. Analysts estimate an earnings per share (EPS) of $-0.05. The company's past performance shows mixed results with EPS and price changes. The stock is currently trading at $6.01, down 15.16% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 6:00 pm

U.S. apartment rents might experience negative growth rates as early as next month due to a surge in supply. The annual growth rate stood at 11% a year ago, but rents in August registered a marginal 0.28% rise compared to the same period last year. Elevated mortgage rates, soaring home prices, and limited availability have anchored potential buyers to the rental market. Meanwhile, 460,000 new units are slated for completion this year, marking a 50-year high in construction. This influx is expected to erode landlords' pricing power. Stocks to watch in the housing development space include AvalonBay Communities Inc, UDR Inc, Mid-America Apartment Communities Inc, Apartment Investment and Management Co, and Essex Property Trust Inc.

Portfolio Pulse from AJ Fabino

September 08, 2023 | 8:50 pm

Apartment Inv & Mgmt (NYSE:AIV) reported Q2 losses of $(0.02) per share, a 101.27% decrease YoY. Sales also decreased by 9.91% to $45.67M from $50.70M YoY.

Portfolio Pulse from bharat@benzinga.com

August 07, 2023 | 8:33 pm

Wolfe Research analyst Andrew Rosivach has initiated coverage on Apartment Inv & Mgmt (NYSE:AIV) with a Peer Perform rating.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 11:18 am

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