NEW YORK (TheStreet) -- Shares of Apartment Investment & Management were falling 2.1% to $39.47 after-hours Monday after the REIT announced a new public offering of common stock. Aimco announced that it will offer 8.2 million shares of common stock in the public offering. The underwriters of the offering will have a 30-day option to buy up to an additional 1.23 million shares of common stock to cover any overallotments. The company said it plans to use the net proceeds from the offering to repay debt under its revolving credit facility, and for general corporate purposes. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates APARTMENT INVST & MGMT CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation: "We rate APARTMENT INVST & MGMT CO (AIV) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook." Highlights from the analysis by TheStreet Ratings Team goes as follows: Powered by its strong earnings growth of 2025.00% and other important driving factors, this stock has surged by 52.77% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year. APARTMENT INVST & MGMT CO reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, APARTMENT INVST & MGMT CO turned its bottom line around by earning $0.29 versus -$0.63 in the prior year. This year, the market expects an improvement in earnings ($1.95 versus $0.29). The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 90.4% when compared to the same quarter one year prior, rising from $67.23 million to $128.03 million. AIV's revenue growth trails the industry average of 13.6%. Since the same quarter one year prior, revenues slightly increased by 0.4%. Growth in the company's revenue appears to have helped boost the earnings per share. The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. In comparison to the other companies in the Real Estate Investment Trusts (REITs) industry and the overall market, APARTMENT INVST & MGMT CO's return on equity significantly exceeds that of the industry average and is above that of the S&P 500. You can view the full analysis from the report here: AIV Ratings Report STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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