Analysts Expect American Assets Trust, Inc. (AAT) Will Announce Earnings of $0.54 Per Share
Brokerages predict that American Assets Trust, Inc. (NYSE:AAT) will report earnings of $0.54 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for American Assets Trust’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.54. American Assets Trust reported earnings of $0.19 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 184.2%. The business is scheduled to issue its next earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that American Assets Trust will report full-year earnings of $2.02 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.02. For the next year, analysts expect that the firm will post earnings of $2.18 per share, with EPS estimates ranging from $2.05 to $2.23. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow American Assets Trust.
A number of brokerages have commented on AAT. Mizuho reaffirmed a “hold” rating and set a $40.00 target price on shares of American Assets Trust in a research note on Friday, November 10th. Zacks Investment Research downgraded shares of American Assets Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Bank of America Corporation downgraded shares of American Assets Trust from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research note on Thursday, November 2nd. BidaskClub raised shares of American Assets Trust from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, TheStreet downgraded shares of American Assets Trust from a “b-” rating to a “c+” rating in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $44.00.
American Assets Trust (AAT) remained flat at $$39.30 on Wednesday. The stock had a trading volume of 360,900 shares, compared to its average volume of 246,186. The stock has a market capitalization of $1,852.12, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 3.44 and a beta of 0.52. American Assets Trust has a 1-year low of $36.79 and a 1-year high of $44.83. The company has a quick ratio of 2.76, a current ratio of 2.76 and a debt-to-equity ratio of 1.56.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.75%. This is an increase from American Assets Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, December 6th. American Assets Trust’s payout ratio is 157.58%.
In other news, CEO Ernest S. Rady purchased 6,536 shares of the stock in a transaction on Thursday, August 24th. The stock was bought at an average price of $40.45 per share, for a total transaction of $264,381.20. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ernest S. Rady purchased 42,530 shares of the stock in a transaction on Wednesday, August 30th. The shares were purchased at an average price of $40.30 per share, with a total value of $1,713,959.00. The disclosure for this purchase can be found here. Insiders bought a total of 330,662 shares of company stock worth $13,155,993 over the last three months. Insiders own 34.15% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of AAT. California Public Employees Retirement System grew its holdings in American Assets Trust by 1.3% during the 1st quarter. California Public Employees Retirement System now owns 64,200 shares of the real estate investment trust’s stock worth $2,686,000 after acquiring an additional 800 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of American Assets Trust by 6.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 486,671 shares of the real estate investment trust’s stock valued at $20,362,000 after buying an additional 30,115 shares in the last quarter. KCG Holdings Inc. acquired a new position in shares of American Assets Trust in the 1st quarter valued at $215,000. AQR Capital Management LLC boosted its holdings in shares of American Assets Trust by 5.1% in the 1st quarter. AQR Capital Management LLC now owns 32,680 shares of the real estate investment trust’s stock valued at $1,367,000 after buying an additional 1,586 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of American Assets Trust by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 126,391 shares of the real estate investment trust’s stock valued at $5,288,000 after buying an additional 45,151 shares in the last quarter. Institutional investors own 95.20% of the company’s stock.
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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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