Apartment Investment and Management Company (NYSE: AIV) stock jumped 0.14% on Thursday to $7.37 against a previous-day closing price of $7.36. With 1.67 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.03 million shares. During the session, the REIT – Residential company that operates in wider Real Estate sector, reached to the highest price of $7.48 whereas the lowest price it dropped to was $7.30. The 52-week range on AIV shows that it touched its highest point at $9.10 and its lowest point at $6.47 during that stretch. Beta for the stock currently stands at 1.21.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AIV was down-trending over the past week, with a drop of -1.99%, but this was down by -7.99% over a month. Three-month performance dropped to -12.16% while six-month performance rose 3.37%. The stock lost -18.83% in the past year, while it has gained 3.51% so far this year. EPS is expected to grow by 7.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -23.70%.
Float and Shares Shorts:
At present, 144.19 million AIV shares are outstanding with a float of 135.75 million shares on hand for trading. On Aug 30, 2023, short shares totaled 10.19 million, which was 6.89% higher than short shares on Jul 30, 2023. In addition to Mr. Wesley William Powell as the firm’s Pres, CEO & Director, Ms. H. Lynn C. Stanfield serves as its Exec. VP & CFO.
Through their ownership of 92.33% of AIV’s outstanding shares, institutional investors have majority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, AIV reported revenue of $50.70M and operating income of -$12.84M. The EBITDA in the recently reported quarter was $28.95M and diluted EPS was $1.57.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AIV since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With AIV analysts setting a high price target of $4.09 and a low target of $4.09, the average target price over the next 12 months is $4.09. Based on these targets, AIV could drop -44.5% to reach the target high and fall by -44.5% to reach the target low. Reaching the average price target will result in a decline of -44.5% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded AIV stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 238,732 while 0 shares were sold.