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

by · The Cerbat Gem

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

Apartment Investment and Management Trading Down 1.7 %

NYSE:AIV traded down $0.15 during trading hours on Friday, hitting $8.54. The company had a trading volume of 2,042,553 shares, compared to its average volume of 862,472. The company has a market capitalization of $1.21 billion, a PE ratio of -5.37 and a beta of 1.39. The stock has a 50-day moving average price of $8.84 and a 200 day moving average price of $8.57. Apartment Investment and Management has a 52 week low of $6.20 and a 52 week high of $9.48. The company has a debt-to-equity ratio of 3.81, a current ratio of 1.32 and a quick ratio of 1.32.

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

About Apartment Investment and Management

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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.

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