Apartment Investment and Management Company (NYSE:AIV) is set to announce third quarter earning results on Thursday 29th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AIV to report 3Q20 revenue of $ 216.25 million.
For the full year, analysts anticipate top line of $ 872.69 million, while looking forward to income of $ 0.10 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.34 ~ $ 2.44 per share
Click Here For More Historical Outlooks Of Apartment Investment and Management Company
Previous Quarter Performance
Apartment Investment and Management Company outlined income for the second quarter of $ 0.63 per share, from the revenue of $ 218.81 million. The quarterly earnings boosted 57.50 percent while revenues fell 2.40 percent compared with the same quarter last year. The top line results fell short of analysts by $ 1.35 million or 0.61 percent.
Stock Performance
Shares of Apartment Investment and Management Company traded low $ -1.73 or -5.42 percent on Wednesday, reaching $ 30.20 with volume of 4.44 million shares. Apartment Investment and Management Company has traded high as $ 31.23 and has cracked $ 29.68 on the downward trend
According to the previous trading day, closing price of $ 30.20, representing a 30.17 % increase from the 52 week low of $ 24.53 and a 42.65 % decrease over the 52 week high of $ 55.68.
The company has a market capital of $ 4.50 billion and is part of the Real Estate sector and REIT – Residential industry.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.41 per share to holders of record as of the close of business on August 14, 2020, with payment date of August 28, 2020 and ex-dividend date on August 13, 2020.
Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the countrys largest owners and operators of apartments, with ownership interests in 132 communities in 17 states and the District of Columbia. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV, and are included in the S&P 500.
