Analysts Anticipate American Assets Trust, Inc. (AAT) Will Post Earnings of $0.53 Per Share
Equities research analysts expect American Assets Trust, Inc. (NYSE:AAT) to post earnings per share of $0.53 for the current quarter, according to Zacks. Zero analysts have made estimates for American Assets Trust’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.54. American Assets Trust reported earnings per share of $0.19 in the same quarter last year, which indicates a positive year over year growth rate of 178.9%. The company is expected to issue its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that American Assets Trust will report full year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.02. For the next financial year, analysts anticipate that the business will report earnings of $2.22 per share, with EPS estimates ranging from $2.19 to $2.24. Zacks’ EPS averages are an average based on a survey of research analysts that cover American Assets Trust.
American Assets Trust (NYSE:AAT) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $77.11 million during the quarter. American Assets Trust had a net margin of 10.93% and a return on equity of 3.94%.
AAT has been the subject of several recent research reports. Zacks Investment Research raised shares of American Assets Trust from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Friday, July 14th. BidaskClub raised shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Finally, TheStreet downgraded shares of American Assets Trust from a “b-” rating to a “c+” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. American Assets Trust presently has an average rating of “Hold” and an average target price of $46.00.
Shares of American Assets Trust (AAT) traded down 1.04% on Friday, hitting $39.85. 365,366 shares of the company were exchanged. American Assets Trust has a 52-week low of $37.54 and a 52-week high of $45.50. The company has a 50-day moving average price of $39.94 and a 200 day moving average price of $41.26. The firm has a market cap of $1.88 billion, a P/E ratio of 60.56 and a beta of 0.52.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a $0.26 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $1.04 dividend on an annualized basis and a yield of 2.61%. American Assets Trust’s dividend payout ratio is currently 157.58%.
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In other American Assets Trust news, CEO Ernest S. Rady bought 39,043 shares of the stock in a transaction on Monday, May 22nd. The shares were bought at an average price of $39.32 per share, with a total value of $1,535,170.76. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ernest S. Rady bought 31,381 shares of the stock in a transaction on Tuesday, May 23rd. The shares were acquired at an average cost of $39.08 per share, for a total transaction of $1,226,369.48. The disclosure for this purchase can be found here. Insiders purchased a total of 620,994 shares of company stock worth $24,759,267 in the last three months. 34.15% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. purchased a new stake in shares of American Assets Trust during the fourth quarter valued at about $595,000. Louisiana State Employees Retirement System raised its position in shares of American Assets Trust by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the real estate investment trust’s stock worth $695,000 after buying an additional 500 shares during the period. Russell Investments Group Ltd. raised its position in shares of American Assets Trust by 30.9% in the first quarter. Russell Investments Group Ltd. now owns 28,491 shares of the real estate investment trust’s stock worth $1,192,000 after buying an additional 6,728 shares during the period. Wells Fargo & Company MN raised its position in shares of American Assets Trust by 15.2% in the first quarter. Wells Fargo & Company MN now owns 283,393 shares of the real estate investment trust’s stock worth $11,858,000 after buying an additional 37,482 shares during the period. Finally, Bowling Portfolio Management LLC raised its position in shares of American Assets Trust by 12.0% in the first quarter. Bowling Portfolio Management LLC now owns 9,810 shares of the real estate investment trust’s stock worth $410,000 after buying an additional 1,053 shares during the period. Institutional investors and hedge funds own 99.36% of the company’s stock.
American Assets Trust Company Profile
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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