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

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

Apartment Investment and Management Stock Down 1.7 %

NYSE AIV traded down $0.15 during trading on Friday, reaching $8.54. 2,042,553 shares of the company’s stock were exchanged, compared to its average volume of 862,472. The stock has a market cap of $1.21 billion, a P/E ratio of -5.37 and a beta of 1.39. The company has a debt-to-equity ratio of 3.81, a quick ratio of 1.32 and a current ratio of 1.32. The company has a 50 day moving average price of $8.84 and a two-hundred day moving average price of $8.57. Apartment Investment and Management has a 1 year low of $6.20 and a 1 year high of $9.48.

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

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.