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Aimco (AIV) to Grow on Strong Portfolio: Should You Hold?
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On Dec 16, 2016, we issued an updated research report on Apartment Investment and Management Company (AIV - Free Report) , popularly known as Aimco. This Denver, CO-based residential real estate investment trust (“REIT”) is engaged in the acquisition, ownership, management and redevelopment of apartment properties situated in some of the major coastal and job-growth markets in the U.S.
The REIT enjoys a strong portfolio, which is diversified both in terms of geography and price point. This enables the company to maintain steady revenue flow, despite new supply in some markets.
Further, for 2016, Aimco raised pro forma funds from operations (“FFO”) per share guidance range to $2.29–$2.33 from the previous range of $2.26–$2.34. This denotes an increase of 1 cent at the mid-point, which is encouraging.
However, hike in interest rate remains a concern for Aimco. This is because the company’s ability to refinance existing debt would be restricted, while the interest cost on new debt would increase. Further, the earnings dilutive impact of asset dispositions cannot be avoided in the near term.
Shares of Aimco recorded a gain of 6.4% against a loss of 0.9% posted by the Zacks categorized REIT and Equity Trust Residential industry over the past six months. The company’s current-year estimates declined 0.4% to $2.30 per share, over the past 30 days.
Aimco currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the real estate space include AGNC Investment Corp. (AGNC - Free Report) , Seritage Growth Properties (SRG - Free Report) and DCT Industrial Trust Inc. . While AGNC Investment sports a Zacks Rank #1 (Strong Buy), both Seritage Growth and DCT Industrial Trust carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AGNC Investment’s current-year estimates have moved up 7.3% to $2.36 per share, over the past 60 days.
Growth Properties’ current-year estimates have moved up 0.9% to $2.34 per share, over the past 60 days.
DCT Industrial Trust’s current-year estimates have moved up 2.3%, over the past 60 days to $2.24 per share.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
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Aimco (AIV) to Grow on Strong Portfolio: Should You Hold?
On Dec 16, 2016, we issued an updated research report on Apartment Investment and Management Company (AIV - Free Report) , popularly known as Aimco. This Denver, CO-based residential real estate investment trust (“REIT”) is engaged in the acquisition, ownership, management and redevelopment of apartment properties situated in some of the major coastal and job-growth markets in the U.S.
The REIT enjoys a strong portfolio, which is diversified both in terms of geography and price point. This enables the company to maintain steady revenue flow, despite new supply in some markets.
Further, for 2016, Aimco raised pro forma funds from operations (“FFO”) per share guidance range to $2.29–$2.33 from the previous range of $2.26–$2.34. This denotes an increase of 1 cent at the mid-point, which is encouraging.
However, hike in interest rate remains a concern for Aimco. This is because the company’s ability to refinance existing debt would be restricted, while the interest cost on new debt would increase. Further, the earnings dilutive impact of asset dispositions cannot be avoided in the near term.
Shares of Aimco recorded a gain of 6.4% against a loss of 0.9% posted by the Zacks categorized REIT and Equity Trust Residential industry over the past six months. The company’s current-year estimates declined 0.4% to $2.30 per share, over the past 30 days.
Aimco currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the real estate space include AGNC Investment Corp. (AGNC - Free Report) , Seritage Growth Properties (SRG - Free Report) and DCT Industrial Trust Inc. . While AGNC Investment sports a Zacks Rank #1 (Strong Buy), both Seritage Growth and DCT Industrial Trust carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AGNC Investment’s current-year estimates have moved up 7.3% to $2.36 per share, over the past 60 days.
Growth Properties’ current-year estimates have moved up 0.9% to $2.34 per share, over the past 60 days.
DCT Industrial Trust’s current-year estimates have moved up 2.3%, over the past 60 days to $2.24 per share.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income. All EPS numbers presented in this write up represent FFO per share.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>