Apartment Investment & Management (NYSE:AIV), a REIT, is expected to report Q3 earnings before market open Friday, October 31, with a conference call scheduled for 1:00 pm.
Analysts are looking for EPS of 80c on revenue of $377.01M. The consensus range for EPS is 75c to 90c, while the consensus range for revenue is $348.05M to $391.71M, according to First Call. AIMCO announced recently that it expected its Q3 FFO to meet or exceed its previous guidance of 81c to 85c per share. The REIT also announced a special dividend of $1.80 per share for holders of its Class A common stock.
Benchmark yesterday upgraded AIMCO to Buy from Hold, citing valuation. Also yesterday, AIMCO Executive VP David Robertson reported that he sold 14,800 of the company's shares in order to cover a margin call. Robertson received $194,768 for the shares.