Apartment Investment and Management (NYSE:AIV) Releases Earnings Results, Misses Expectations By $0.33 EPS

Apartment Investment and Management (NYSE:AIV) released its quarterly earnings results on Wednesday. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.33), RTT News reports. Apartment Investment and Management had a negative net margin of 86.84% and a negative return on equity of 33.35%. The firm had revenue of $51.15 million during the quarter, compared to the consensus estimate of $50.84 million.

Apartment Investment and Management Stock Up 0.8 %

Shares of NYSE:AIV traded up $0.07 during trading on Friday, reaching $8.69. The stock had a trading volume of 870,443 shares, compared to its average volume of 990,120. The firm’s 50-day simple moving average is $8.45 and its 200 day simple moving average is $8.05. The company has a market capitalization of $1.26 billion, a P/E ratio of -7.36 and a beta of 1.37. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 2.92. Apartment Investment and Management has a one year low of $5.63 and a one year high of $9.20.

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.