Apartment Investment and Management (NYSE:AIV) Updates FY 2024 Earnings Guidance

Apartment Investment and Management (NYSE:AIV) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -0.820–0.770 for the period, compared to the consensus estimate of -0.730. The company issued revenue guidance of -.

Apartment Investment and Management Trading Up 0.2 %

Shares of Apartment Investment and Management stock traded up $0.02 on Thursday, hitting $8.70. 893,474 shares of the company traded hands, compared to its average volume of 963,023. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 3.81. The company has a market cap of $1.23 billion, a PE ratio of -5.46 and a beta of 1.39. The stock’s 50 day moving average price is $8.87 and its 200-day moving average price is $8.56. Apartment Investment and Management has a 52 week low of $6.20 and a 52 week high of $9.48.

Apartment Investment and Management (NYSE:AIV) last issued its earnings results on Wednesday, August 7th. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.33). Apartment Investment and Management had a negative net margin of 113.14% and a negative return on equity of 51.94%. The firm had revenue of $51.15 million for the quarter, compared to the consensus estimate of $50.84 million.

About Apartment Investment and Management

Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the U.S. multifamily sector. Aimco’s mission is to make real estate investments where outcomes are enhanced through our human capital so that substantial value is created for investors, teammates, and the communities in which we operate.