Analysts Anticipate American Assets Trust, Inc. (AAT) Will Post Earnings of $0.49 Per Share
Equities analysts expect American Assets Trust, Inc. (NYSE:AAT) to post earnings of $0.49 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for American Assets Trust’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.50. American Assets Trust reported earnings per share of $0.45 in the same quarter last year, which indicates a positive year over year growth rate of 8.9%. The company is expected to announce its next earnings report on Tuesday, July 25th.
According to Zacks, analysts expect that American Assets Trust will report full year earnings of $1.99 per share for the current fiscal year, with EPS estimates ranging from $1.91 to $2.02. For the next fiscal year, analysts forecast that the business will report earnings of $2.19 per share, with EPS estimates ranging from $2.08 to $2.24. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow American Assets Trust.
AAT has been the topic of several research analyst reports. BidaskClub upgraded American Assets Trust from a “strong sell” rating to a “sell” rating in a research report on Thursday. Canaccord Genuity boosted their price objective on American Assets Trust from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, April 12th. Zacks Investment Research upgraded American Assets Trust from a “sell” rating to a “hold” rating in a research report on Monday, March 27th. Finally, Mizuho downgraded American Assets Trust from a “buy” rating to a “neutral” rating and set a $44.00 price objective on the stock. in a research report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. American Assets Trust has a consensus rating of “Hold” and a consensus target price of $48.50.
In other news, CEO Ernest S. Rady bought 47,976 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average cost of $38.55 per share, for a total transaction of $1,849,474.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernest S. Rady bought 39,056 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was purchased at an average price of $39.40 per share, for a total transaction of $1,538,806.40. The disclosure for this purchase can be found here. Insiders bought 537,169 shares of company stock worth $21,234,402 over the last 90 days. Company insiders own 34.15% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Perigon Wealth Management LLC purchased a new stake in American Assets Trust during the first quarter worth approximately $105,000. LS Investment Advisors LLC increased its stake in American Assets Trust by 75.0% in the first quarter. LS Investment Advisors LLC now owns 2,531 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,085 shares in the last quarter. Elkfork Partners LLC purchased a new stake in American Assets Trust during the fourth quarter worth approximately $112,000. Daiwa Securities Group Inc. increased its stake in American Assets Trust by 39.1% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 900 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new stake in American Assets Trust during the first quarter worth approximately $141,000. Institutional investors own 98.80% of the company’s stock.
Shares of American Assets Trust (AAT) traded down 2.01% during mid-day trading on Wednesday, reaching $40.06. The company had a trading volume of 380,358 shares. The firm has a 50 day moving average of $40.19 and a 200-day moving average of $42.06. The stock has a market capitalization of $1.89 billion, a P/E ratio of 56.50 and a beta of 0.55. American Assets Trust has a one year low of $37.54 and a one year high of $46.38.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th will be given a $0.26 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $1.04 annualized dividend and a dividend yield of 2.60%. American Assets Trust’s payout ratio is 146.48%.
About American Assets Trust
American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires and develops retail, office, multifamily and mixed-use properties in Southern California, Northern California, Oregon, Washington, Texas and Hawaii markets.
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