Wall Street await Apartment Investment and Management Co (NYSE:AIV) to release earnings on February, 4 after the close. Analysts forecast EPS of $0.59, up exactly $0.05 or 9.26% from 2014’s $0.54 EPS. The expected AIV’s profit could reach $93.46M giving the stock 16.58 P/E in case $0.59 earnings per share is reported. After releasing $0.57 EPS for the previous quarter, Apartment Investment and Management Co’s analysts now forecasts 3.51% EPS growth. The stock decreased 1.19% or $0.47 during the last trading session, hitting $39.14. Apartment Investment and Management Co (NYSE:AIV) has risen 5.98% since June 29, 2015 and is uptrending. It has outperformed by 13.50% the S&P500.
Out of 15 analysts covering Apartment Investment & Management Co (NYSE:AIV), 10 rate it “Buy”, 1 “Sell”, while 8 “Hold”. This means 53% are positive. $46 is the highest target while $33.79 is the lowest. The $41.79 average target is 6.57% above today’s ($39.14) stock price. Apartment Investment & Management Co was the topic in 14 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Citigroup upgraded the stock on December 15 to “Buy” rating.
The institutional sentiment increased to 1.19 in Q3 2015. Its up 0.37, from 0.82 in 2015Q2. The ratio improved, as 23 funds sold all Apartment Investment and Management Co shares owned while 95 reduced positions. 34 funds bought stakes while 107 increased positions. They now own 168.90 million shares or 8.53% more from 155.63 million shares in 2015Q2.
Real Estate Management Services Llc holds 3.11% of its portfolio in Apartment Investment and Management Co for 543,000 shares. Cohen & Steers Inc owns 22.47 million shares or 2.52% of their US portfolio. Moreover, Herndon Capital Management Llc has 2.4% invested in the company for 3.33 million shares. The Japan-based Daiwa Securities Group Inc. has invested 2.29% in the stock. Keypoint Capital Management Llc, a Texas-based fund reported 40,000 shares.
Since March 25, 2015, the stock had 0 insider buys, and 3 insider sales for $5.92 million net activity. Cortez Miles sold 4,102 shares worth $164,310. Cohn Lisa R sold 10,000 shares worth $402,944. Considine Terry sold 135,000 shares worth $5.35 million. Keltner Thomas L. sold 7,456 shares worth $277,066. The insider Freedman Ernest Michael sold 6,982 shares worth $260,339.
Apartment Investment and Management Company is a self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $6.20 billion. The Firm operates through two divisions: conventional real estate and affordable real estate. It has 122.87 P/E ratio. As of December 31, 2014, the Company’s conventional portfolio consisted of 144 apartment communities with 43,393 apartment homes in , which it held an average ownership of approximately 97%.