American Assets Trust (NYSE:AAT) Releases FY 2022 Earnings Guidance

American Assets Trust (NYSE:AATGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.21-$2.27 for the period. The company issued revenue guidance of -.

American Assets Trust Stock Up 1.2 %

Shares of NYSE AAT opened at $29.28 on Friday. The company has a 50 day simple moving average of $30.27 and a 200-day simple moving average of $33.83. The company has a market capitalization of $1.77 billion, a P/E ratio of 43.70, a P/E/G ratio of 1.62 and a beta of 1.10. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.34 and a quick ratio of 2.43. American Assets Trust has a 1 year low of $28.38 and a 1 year high of $40.83.

American Assets Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Thursday, September 8th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, September 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.37%. American Assets Trust’s dividend payout ratio is currently 191.04%.

Wall Street Analyst Weigh In

AAT has been the subject of a number of recent analyst reports. Morgan Stanley cut their price target on shares of American Assets Trust from $34.50 to $25.50 and set an equal weight rating for the company in a report on Friday, July 15th. TheStreet downgraded shares of American Assets Trust from a b- rating to a c+ rating in a report on Thursday, June 16th. Finally, KeyCorp reaffirmed a sector weight rating on shares of American Assets Trust in a research report on Thursday, July 14th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $31.25.

Insider Buying and Selling

In related news, CEO Ernest S. Rady acquired 10,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was purchased at an average price of $32.00 per share, with a total value of $320,000.00. Following the transaction, the chief executive officer now owns 2,066,619 shares of the company’s stock, valued at approximately $66,131,808. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other American Assets Trust news, CEO Ernest S. Rady purchased 1,197 shares of the firm’s stock in a transaction on Monday, May 23rd. The stock was bought at an average price of $32.15 per share, with a total value of $38,483.55. Following the transaction, the chief executive officer now directly owns 2,107,816 shares of the company’s stock, valued at approximately $67,766,284.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernest S. Rady purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 12th. The stock was acquired at an average cost of $32.00 per share, with a total value of $320,000.00. Following the transaction, the chief executive officer now directly owns 2,066,619 shares in the company, valued at $66,131,808. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 121,197 shares of company stock valued at $3,812,684. Company insiders own 34.38% of the company’s stock.

Hedge Funds Weigh In On American Assets Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AAT. State Street Corp boosted its position in American Assets Trust by 12.1% in the 1st quarter. State Street Corp now owns 3,154,555 shares of the real estate investment trust’s stock valued at $119,526,000 after buying an additional 339,960 shares during the period. Invesco Ltd. grew its stake in shares of American Assets Trust by 115.0% during the first quarter. Invesco Ltd. now owns 365,299 shares of the real estate investment trust’s stock worth $13,841,000 after purchasing an additional 195,424 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of American Assets Trust by 1.8% during the first quarter. Vanguard Group Inc. now owns 8,328,425 shares of the real estate investment trust’s stock worth $315,564,000 after purchasing an additional 146,474 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of American Assets Trust by 14.7% during the first quarter. The Manufacturers Life Insurance Company now owns 643,768 shares of the real estate investment trust’s stock worth $24,392,000 after purchasing an additional 82,543 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of American Assets Trust by 3.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 739,650 shares of the real estate investment trust’s stock worth $28,026,000 after purchasing an additional 22,724 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

About American Assets Trust

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American Assets Trust, Inc is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company has over 50 years of experience in acquiring, improving, developing and managing premier office, retail, and residential properties throughout the United States in some of the nation's most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.

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Earnings History and Estimates for American Assets Trust (NYSE:AAT)

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