Analysts Review: Apartment Investment and Management Co (NYSE:AIV)

The shares of Apartment Investment and Management Co (NYSE:AIV) currently has mean rating of 2.22 while 5 analysts have recommended the shares as “BUY”, 4 recommended as “OUTPERFORM” and 9 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun-16 is 240.17 billion by 12 analysts. The means estimate of sales for the year ending Dec-16 is 672.65 million by 9 analysts.

The mean price target for the shares of Apartment Investment and Management Co (NYSE:AIV) is at 43.93 while the highest price target suggested by the analysts is 47.00 and low price target is 41.00. The mean price target is calculated keeping in view the consensus of 15 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Apartment Investment and Management Co (NYSE:AIV) stands at 0.57 while the EPS for the current year is fixed at 2.31 by 18 analysts.

The next one year’s EPS estimate is set at 2.48 by 18 analysts while a year ago the analysts suggested the company’s EPS at 2.31. The analysts also projected the company’s long-term growth at 10.13% for the upcoming five years.

In its latest quarter ended on 31^st March 2016, Apartment Investment and Management Co (NYSE:AIV) reported earnings of $0.57. The posted earnings topped the analyst’s consensus by $0.02 with the surprise factor of 3.60%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 10, 2016 Apartment Investment and Management Co (NYSE:AIV) Philadelphia City officials, business, labor and arts leaders, and representatives of Apartment Investment and Management Company (Aimco) formally opened the Park Towne Place Museum Residences at a ribbon-cutting ceremony yesterday afternoon.

Aimco is investing $200 million in the community which consists of four, 18-story towers with 959 apartment homes in a prime location along the Benjamin Franklin Parkway.  Built in 1959, Park Towne Place is on the National Register of Historic Places, believed to be the first mid-century modern, multi-family apartment community in the Commonwealth to earn the prestigious designation.  Aimco’s revitalization of Park Towne preserves the historic character of the property while creating a contemporary living space with modern conveniences, high-end finishes and attractive amenities.

“Today we celebrate a remarkable public/private partnership among our City and Commonwealth, our labor organizations and our business entities, to make historic Park Towne Place brand new,” said Mayor Kenney. “I commend Aimco for its continued investment in our City and for this project which is providing between 400 and 500 construction jobs while adding vibrancy to the Parkway and vitality to our City.”

“The revitalization of Park Towne Place is an exciting project for Aimco and we are thrilled to share this day with our many partners,” said Aimco Executive Vice President of Redevelopment and Construction Services Patti Fielding. “We are working together to achieve a full-scale transformation of this remarkable property which is a jewel along the Parkway.  Park Towne’s spectacular location, blending of historic character and sophisticated contemporary style, and unique art program make this community a stand-out in Aimco’s national portfolio.”