Earnings Preview: Apartment Investment & Management

Apartment Investment & Management (AIV), a REIT, is expected to report Q2 earnings before market open Friday, August 1, with a conference call scheduled for 1:00 p.m. ET.

Guidance

Analysts are looking for EPS of 81c on revenue of $405.18M. The consensus range for EPS is 77c to 82c, while the consensus range for revenue is $371.39M to $424.93M, according to First Call.

Analyst Views

Two research firms recently gave Apartment Investment (AIV) bearish ratings. Lehman Brothers gave the REIT an Underweight rating, while Merrill Lynch downgraded the stock to Underperform from Neutral. Apartment Investment recently announced a special dividend of $3 per share for holders of its Class A common stock.